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Traders can also keep track of where liquidation levels are concentrated, helping identify zones of forced activity that can act as near-term support or resistance.

Canada’s government unveiled a plan to regulate stablecoins, requiring fiat-backed issuers to maintain sufficient reserves and adopt robust risk management measures.

#markets #institutional investors #deals #mining companies #crypto infrastructure #companies #public equities

The deal involves the issuance and sale of about 63.7 million American depositary shares at $1.131 per ADS.

#blockchain #crypto #shiba inu #meme coins #altcoin #altcoins #crypto market #cryptocurrency #shib #crypto news

Shiba Inu has been added to the FTSE Grayscale Crypto Sectors Framework, a move that gives the meme coin fresh institutional recognition. Related Reading: Bitcoin May Be This Week’s Big Story As Saylor Teases Fresh Buy Marketing lead Lucie announced the development on X with a post titled “Good News for SHIB Holders.” According to the listing, SHIB joins the Consumer & Culture sector alongside Dogecoin, identifying it as a token tied to community, culture, and entertainment. Good news for SHIB holders Grayscale’s Market Byte Here Come the Altcoins from October 2025 officially lists Shiba Inu SHIB under the Consumer & Culture crypto sector in the FTSE Grayscale Crypto Sectors framework. SHIB is recognized by Grayscale Investments and FTSE Russell as… pic.twitter.com/8jBpKkP9PL — ???????????????????? (@LucieSHIB) November 2, 2025 Inclusion Signals Institutional Recognition Based on reports, the FTSE–Grayscale framework was launched in 2023 to sort crypto assets into clearer groups for investors. The framework covers five niches, and Grayscale’s latest report lists SHIB among the assets that meet the SEC’s Generic Listing Standards (GLS) criteria. The GLS rules, approved in September, let exchanges list crypto ETPs under a set of generic requirements rather than seeking individual sign-off for each token. That opens the door for more straightforward pathways to spot ETPs, although a token still needs an effective registration statement to trade as an ETF. Shiba Inu Among A Few Eligible Tokens Reports have disclosed that at least 11 cryptocurrencies across four sectors meet the GLS thresholds. In the Currencies sector, XRP, Litecoin, Stellar, and Bitcoin Cash are named. Smart contract platforms that qualify include Polkadot, Cardano, Solana, and Avalanche. Chainlink stands alone in Utilities & Services. In consumer and culture, only Shiba Inu and Dogecoin are recognized. Solana and Litecoin ETFs are already trading in the US, while Cardano, XRP, Dogecoin, and Bitcoin Cash are still awaiting approvals. Valour Inc. has issued a SEK-denominated ETP tied to SHIB in Europe, and asset manager T. Rowe Price has mentioned SHIB as a candidate for inclusion in its Active Crypto ETF, but SHIB does not yet have a standalone spot ETF filing in the US. Related Reading: From Greed To Terror: Bitcoin’s Fall Below $104K Sparks Extreme Fear Market Moves And Technical Notes Meanwhile, SHIB’s price action has been mixed. Based on market data cited by analysts, the token fell by over 6% in the past 24 hours and has experienced about 13% and 30% corrections in the last week and month, respectively. Source: Akbarkarimzsfeh/TradingView Those moves have pushed SHIB down to 34th in the crypto market cap rankings. TradingView commentator “Akbarkarimzsfeh” flagged a long-term support trendline that has in past cycles preceded sharp rebounds. The analyst argued that dips to that area have been followed by rapid rallies, suggesting the current pullback may be temporary. Featured image from Unsplash, chart from TradingView

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In May, the exchange filed to launch a derivatives exchange, which may be used for prediction markets trading.

#crypto #arthur hayes #fed #crypto market news #crypto news #cryptocurrency market news #us federal reserve #qe

Arthur Hayes argues that the next leg of the crypto cycle will be driven not by a headline pivot to quantitative easing, but by a “stealth” version executed through the Federal Reserve’s Standing Repo Facility (SRF). In a new essay titled “Hallelujah” published on November 4, 2025, the former BitMEX CEO lays out a balance-sheet-driven case that persistent US fiscal deficits, hedge-fund demand for Treasuries financed via repo, and the Fed’s need to cap funding stress will translate into incremental dollar liquidity that ultimately “pumps the price of Bitcoin and other cryptos.” As he frames the core mechanism: “Government issued debt grows the money supply.” Hayes’ logic chain begins with an observation on political incentives and the arithmetic of public finance. Governments can fund spending with “savings or debt,” and in his view elected officials “will always favor borrowing from the future to get re-elected in the present.” For the United States, he contends that the trajectory is already set: “Here are the estimates from the TBTF banksters, and a few US government agencies. As you can see, the estimates are for ~$2 trillion deficits funded by ~$2 trillion of borrowing.” In his model, once one accepts that “Yearly Federal Deficit = Yearly Treasury Debt Issuance Amount,” the next critical question is who actually buys that debt, and on what financing. Fed’s Stealth QE Will “Pump Crypto” He dismisses foreign central banks as dependable marginal buyers after the US sanctioned and immobilized Russian reserves in 2022. “If Pax Americana is willing to steal Russia’s money… then no foreign owner of treasuries is ever safe,” he writes, concluding reserve managers “would rather buy gold than treasuries.” He likewise downplays the capacity of the US household sector given that “the 2024 personal savings rate was 4.6%” while “the US federal deficit was 6% of GDP,” and he argues the largest US money-center banks have increased their Treasury holdings by only “~$300 billion” in fiscal 2025 against issuance of “$1,992 billion,” making them meaningful but not decisive. Related Reading: Caution In The Crypto Market: Expert Warns Of Bearish Phase Unfolding This November Instead, Hayes positions relative-value hedge funds—particularly those booking positions via Cayman vehicles—as the marginal, price-setting bid for US duration. Citing a recent Federal Reserve study, he quotes: “Cayman Islands hedge funds purchased, on net, $1.2 trillion of Treasury securities… [between] January 2022 and December 2024… [and] absorbed 37% of net issuance of notes and bonds.” The trade architecture is straightforward: “Buy a cash treasury debt security vs. sell the corresponding treasury futures contract,” then lever the tiny basis through repo funding. Because the edge is “measured in basis points,” the trade only works if leverage is cheap and predictable every day. That funnel leads directly to the SRF. Hayes lays out the Fed’s short-rate corridor—“Upper and Lower Fed Funds; currently these equal 4.00% and 3.75% respectively”—and the policy plumbing that keeps market rates inside it: the Reverse Repo Facility (RRP) at the lower bound for money-market funds (MMFs) and banks, interest on reserve balances (IORB) for banks in the middle, and the SRF at the upper bound as the emergency spigot. Lower Fed Funds = RRP < IORB < SRF = Upper Fed Funds,” he summarizes, adding that the target, SOFR, normally oscillates inside the band. Stress occurs “when SOFR trades above the Upper Fed Funds,” which he calls “a problem” because “the filthy fiat financial system shuts down” once participants can’t roll overnight leverage at a stable rate. In his telling, the cash supply that cushions SOFR is structurally thinner than it was when the Fed began quantitative tightening in early 2022. MMFs, he says, have drained the RRP to zero because “the T-bill rate is so attractive,” making them less available as repo cash providers. That leaves banks, who will supply liquidity so long as they have ample reserves, but “banks lost trillions in reserves since the Fed began QT.” Set against that diminished supply of cash is relentless demand for repo financing from RV funds, whose “marginal” Treasury purchases must be levered. If SOFR threatens to pierce the ceiling and repo becomes unreliable, the Fed’s SRF must backstop the system to prevent a funding accident. “Because a similar situation occurred in 2019, the Fed created the SRF,” Hayes writes. “The Fed can supply an infinite amount of cash using its printing press at SRF as long as one provides an acceptable form of collateral.” His conclusion is blunt: “If the SRF balances are above zero, then we know the Fed is cashing the checks of the politicians using printed money.” Hayes labels this dynamic “Stealth QE.” He argues the optics of outright balance-sheet expansion via asset purchases are now politically toxic—“QE is a dirty word… QE = money printing = inflation”—so the central bank will prefer to meet marginal dollar demand via SRF lending rather than by visibly creating excess reserves. What This Means For The Crypto Market The result is functionally similar from a liquidity standpoint, in his view: repo credit distributed by the Fed against Treasuries still increases spendable dollars in the system to finance government borrowing. “This will buy some time, but eventually the exponential expansion of treasury debt issuance will force the repeated use of the SRF,” he writes. “Stealth QE will begin shortly. I don’t know when it will begin. But… the SRF balance must grow as the lender of last resort. As SRF balances grow, the amount of fiat dollars in the world expands as well. This phenomenon will reignite the Bitcoin bull market.” He also sketches a near-term tactical backdrop that helps explain recent market tone across crypto. While auctions are pulling cash into the Treasury General Account, he notes, fiscal spending has been temporarily impeded by the government shutdown, producing a net drain in private-sector liquidity. Related Reading: Crypto Bull Case Vs. Bear Case: These Forces Divide The Market “The Treasury General Account is above the $850 billion target by ~$150bn,” he writes, arguing that this “extra liquidity won’t get released into the markets until the government reopens,” contributing to “current softness in the crypto markets.” In other words, the same fiscal engine that ultimately forces the Fed’s hand via the SRF can, in the very short run, sap liquidity when issuance front-runs outlays. Hayes’ rhetoric remains intentionally sharp. He describes Treasuries as “dog shit” at prevailing real yields, calls the buy-side “debt shit eaters,” and opens with a hymn to Bitcoin’s monetary properties—“Praise be to Lord Satoshi that time and compounding interest exist regardless of who you are.” The provocation serves the point: if the marginal financing of US deficits increasingly relies on opaque backstops rather than transparent reserve creation, then crypto’s native, non-sovereign liquidity cycles will key off the same hidden plumbing. He distills the investment upshot in a single sentence: “Treasury Debt Amount Issued = Increase in Supply of Dollars.” The essay is not a calendar call. Hayes refuses to timestamp the inflection—“I don’t know when it will begin”—and he warns that “between now and when stealth QE begins, one has to husband capital. Expect a choppy market,” especially with shutdown dynamics distorting flows. But he is unequivocal on direction once SRF usage becomes persistent: “Stealth QE will begin shortly… [and] will reignite the Bitcoin bull market.” For crypto investors conditioned to watch CPI prints and FOMC dots, the message is to track money-market microstructure instead. In Hayes’ framework, when SRF balances stop being a rounding error and start trending, that is the tell that dollar liquidity has quietly flipped—and that crypto isn’t topping yet. At press time, the total crypto market cap was at $3.41 trillion. Featured image created with DALL.E, chart from TradingView.com

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Bitcoin’s price continues to face mounting pressure as it hovers near key support levels. With sellers pushing toward the $102,000 zone, BTC is now at a moment that may mark the final washout before a major rebound. The coming days could be decisive in determining whether Bitcoin finds its footing or continues its decline. Bitcoin Faces Pressure Below $108,000 As Bears Regain Control Crypto analyst Crypto Candy shared insights into Bitcoin’s latest price action, noting that the flagship cryptocurrency tried to hold the $107,000–$108,000 support zone but ultimately failed to do so, closing below that level. This development signals a potential shift in market dynamics, as the $107,000–$108,000 zone may now act as a strong resistance area.  Related Reading: Head And Shoulders Pattern Says Bitcoin Price Is Headed Below $100,000 Crypto Candy further explained that if the downward momentum continues, Bitcoin could retrace deeper toward the $99,000–$101,000 range, an area viewed as a critical support zone where fresh buying interest might emerge. A dip into this range could also help clear out weak positions and create healthier conditions for a long-term rebound. However, the analyst added that if Bitcoin manages to reclaim and hold above the $107,000–$108,000 zone, it would signal that bullish strength is returning to the market. Such a breakout could restore confidence among investors, paving the way for renewed upward momentum and possibly another push toward higher targets.  $102,000: The Ideal Flush Zone Before The Next Big Move In his latest BTC daily update, Super฿ro emphasized the critical role of the $102,000 support zone, describing it as an ideal area for the market to flush out remaining leveraged long positions. This kind of shakeout is often necessary to clear weak hands and set the stage for a more sustainable bullish continuation. Related Reading: Bitcoin At A ‘Do-Or-Die’ Level As Cycle Faces First Real Test: Analyst Super฿ro further noted that once this cleanup phase concludes, Bitcoin could see a sharp rebound, primarily fueled by a short squeeze from traders caught on the wrong side of the market. As shorts begin to close their positions, buying pressure could intensify, creating a rapid upward move that reclaims lost levels.  That said, the crypto analyst has warned that a break below the $101,000 level would not be ideal, as it might signal that market weakness is deeper than anticipated. Still, he maintains confidence in the broader picture, highlighting that high-timeframe (HTF) indicators remain supportive of a potential rebound. Presently, the price of BTC is hovering around $104,000, indicating a more than 3% decline over the last 24 hours. Meanwhile, its trading volume has picked up pace, rising by over 79% in the same time frame. Featured image from Pixabay, chart from Tradingview.com

In early October, Tom Lee and Arthur Hayes were confident that Bitcoin could still reach $250,000 by year-end, but analysts say half that figure is now unlikely.

#law and order

A 10-hour sworn testimony from OpenAI co-founder Ilya Sutskever paints a picture of panic, unverified allegations, and governance failures.

Sequans shares fell 16% on Tuesday after the chip maker said it sold 970 Bitcoin to redeem half of its $189 million outstanding convertible debt.

#bitcoin #btc price #binance #bitcoin price #btc #gold #bitcoin news #btcusd #btcusdt #btc news

Bitcoin might be currently trending downwards, but a full fundamental breakdown shows it is ready to return to $120,000, and it is only a matter of time.  According to an extensive fundamental analysis shared by Mr. Wall Street on X, the recent months of price stagnation and sudden drops are part of a larger accumulation phase dominated by institutional players. The overall setup, he argued, points clearly to Bitcoin’s eventual climb back above $120,000. Institutional Accumulation And Controlled Bitcoin Price Range The analyst’s first point is how Bitcoin has been trading within a 120-day range, oscillating between $107,000 and $123,000 to form what is a controlled consolidation range by institutions intended to push out weak retail investors. Mr. Wall Street noted that Bitcoin’s structure remains fundamentally bullish despite the prolonged sideways movement.  Related Reading: Donald Trump Makes Nice With China, But Why Are The Bitcoin And Ethereum Prices Still Crashing? Each attempt to break out above $120,000 strongly or below the $107,000 support has failed, a sign that large institutions are actively controlling liquidity within this narrow band. Every crash within this period, including the one caused by the Binance sell-off and Trump’s tariff war with China, was met by strong institutional bids near the $107,000 zone, even when Bitcoin went on a flash crash to $101,000.  Therefore, there is no technical or structural weakness that invalidates the bullish thesis. The imbalance to the upside, he added, is sufficient to push Bitcoin back to trading in the $120,000 and $123,000 range, which is the Value Area High. Mr. Wall Street also tied Bitcoin’s coming surge to changes within the Federal Reserve’s policies. He pointed out that despite claiming to end quantitative tightening, the Fed has quietly injected billions into the banking system through repo operations and mortgage-backed securities purchases. He highlighted a single Friday where $50.35 billion entered the system. According to him, this liquidity will ultimately find its way into risk assets, including Bitcoin, in a pattern similar to the 2019 monetary response that preceded crypto’s 2020 and 2021 bull run. Although he warned that a fabricated crash could precede the next liquidity wave, this will only strengthen Bitcoin’s long-term position for another move to $120,000 and possibly higher. Gold And Bitcoin In The Battle For The Real Store Of Value Mr. Wall Street also called attention to the psychological side of the current cycle, which has been highlighted by some investors gravitating towards gold. He argued that retail investors are being pushed to gold through manipulated narratives of stagflation and economic fear, while institutions quietly buy Bitcoin. “What’s ironic is that the same logic that drives people to buy gold should be making them buy Bitcoin instead,” he said.  Related Reading: Analyst Reveals What Traders Are Missing After The Bitcoin Price Spike To $116,000 The ongoing gold hype is to distract the public while institutions accumulate Bitcoin at discount levels. Once retail participants exit the crypto market entirely, then there is going to be a move upward that redefines Bitcoin’s price level.  As he concluded, the boring sideways phase is nearing its end, and the next aggressive move, one that could carry Bitcoin back above $120,000, is only a matter of time. At the time of writing, Bitcoin is trading at $104,200. Featured image from Pixabay, chart from Tradingview.com

#artificial intelligence

Amazon’s order to halt Perplexity's AI-powered web browser Comet marks the first major clash over shopping agents.

#ethereum #markets #news #ether #liquidation #10x research

The correction could have more room to run, with ETH potentially falling to as low as $2,700-$2,800, 10x Research's Markus Thielen warned.

#ethereum #price analysis #price prediction

Ethereum (ETH) price is en route to recording its worst weekly performance since April 2025. The large-cap altcoin dropped over 11% on Tuesday to reach a daily range low of about $3,060 before rebounding to trade around $3,206 at press time.  The Ether price dump impacted the wider altcoin market, which registered heavy losses. As …

#ecosystem

Franklin Templeton XRP ETF S-1 update removes delay provision, signaling readiness for a potential ETF launch this month as interest grows.
The post Franklin Templeton updates XRP ETF filing, aiming for launch this month appeared first on Crypto Briefing.

#bitcoin

Bitcoin fell $7,000 to $100K, pushing mining profitability to its lowest level since April as energy costs squeeze operators.
The post Bitcoin miners’ earnings hit lowest level since April amid $7,000 price drop appeared first on Crypto Briefing.

#markets #bitcoin #tokens #token projects #market updates #crypto movers

CryptoQuant says bitcoin could fall to around $72,000 within one to two months if it fails to hold the $100,000 support level.

#technology #banking #ripple #xrp #tokens #tradfi #rlusd #in focus

For years, Ripple was best known for its legal battles and its token, XRP, which was a symbol of crypto’s friction with the traditional financial world. Now, after years of courtroom and regulatory turbulence, Ripple has quietly built something far more ambitious: a full-stack institutional financial platform that resembles a 21st-century investment bank, albeit without […]
The post How XRP and RLUSD are making Ripple the JPMorgan of the crypto industry appeared first on CryptoSlate.

#bitcoin #btc #bitcoin news #cryptoquant #btcusdt #bitcoin bearish #bitcoin demand #bitcoin apparent demand

CryptoQuant’s research head has pointed out how demand to absorb Bitcoin at higher prices has been low recently, potentially explaining the asset’s decline. Bitcoin Apparent Demand Metric Has Turned Red Recently In a new post on X, Julio Moreno, head of research at on-chain analytics firm CryptoQuant, has looked at recent BTC market dynamics from a different angle. “Instead of looking at Bitcoin long-term holder distribution/spending, I like to look at the other side of the trade,” noted Moreno. Related Reading: Crypto Analyst Maps Out Dream Ethereum Scenario To $8,000 Long-term holders here refer to the BTC investors who have been holding onto their coins for a period longer than 155 days. This cohort is considered to include the high-conviction “HODLers” of the market, so distribution from them is often something on-chain analysts watch out for. As CryptoQuant community analyst Maartunn has highlighted in a separate X post, Bitcoin long-term holders have participated in a significant amount of selling during the past month. This isn’t the signal Moreno focuses on, however. Instead, the CryptoQuant head checks for whether there is enough demand coming in to absorb the supply that the long-term holders are selling at higher prices. An indicator that can be useful for tracking this is the Apparent Demand, which compares the difference between BTC’s production and changes in its long-term inventory. “Production” is the amount that miners are issuing on the network every day, while the “inventory” is the supply that has been inactive for over a year. Now, here is the chart shared by Moreno that shows the trend in the 30-day and 1-year versions of the Bitcoin Apparent Demand over the last few years: As displayed in the above graph, the Bitcoin Apparent Demand has been red on the 30-day during the last few weeks, implying a negative short-term demand for the cryptocurrency. “Is there enough demand to absorb the supply at higher prices?” asked the analyst. “Since a few weeks ago the answer is no, and that is why we see prices declining.” The story is a bit different when it comes to the 1-year Apparent Demand, which has actually seen some growth recently, but the pace of its rise has been slow, and its value is still below the 90-day simple moving average (SMA). Related Reading: Bitcoin At Key Retest: Bounce Or $98,000 Next? The last time Bitcoin saw an extended phase of negative 30-day Apparent Demand was during the bearish phase in the first half of the year. It now remains to be seen whether something similar will follow this time as well, or if demand will bounce back. BTC Price At the time of writing, Bitcoin is floating around $103,900, down 9% over the last seven days. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com

The US-based cryptocurrency exchange applied for a national trust charter in October as part of its plans to “bridge the gap“ with traditional finance.

Solana ETFs recorded over $400 million in inflows, but SOL’s price lost a key technical support, sparking fears of a drop toward $120.

The companies saw profits and Bitcoin reserves rise in the third quarter of 2025 as they moved further into high-performance computing and energy development.

#bitcoin #btc price #bitcoin price #btc #bloomberg #bitcoin news #fud #btcusd #btcusdt #btc news #fear #uncertainty #cryptosrus

In the dynamic and often opaque world of Bitcoin trading, institutional traders are operating with a fundamentally different playbook. These players are actively hunting for low-volume areas and under-traded levels, seeing them as strategic advantages for maximizing profit. Why Institutions Avoid The Crowd And Target The Gaps Bitcoin’s institutional traders and big players are actively hunting low-volume areas. These zones are thinly traded areas, which shows that there are fewer resting orders, making it easier to fill massive positions with less slippage. In an X post, a crypto analyst known as Killa has stated that throughout this entire rally, players have hunted Low Volume Nodes (LVNs), or in simpler terms, the volume areas are lows every single time. Related Reading: Bitcoin Breaks Down Again — Bearish Momentum Intensifies Across Crypto Market The reason for this accumulation is that if the BTC price is stalling, volume is increasing, and BTC is unable to follow through with bullish momentum, it shows that 75% of the time, the market is preparing to retrace to lower areas of demand. This is simple basic supply and demand dynamics playing out. However, there has been a major increase in volume around these highs, coupled with the multiple sweeps of liquidity above them. Despite what might seem like bullish tariff catalysts, the market has failed to push higher. If this combination happens, it could be a sign of distribution rather than re-accumulation of the trend. Furthermore, if BTC can’t decisively reclaim the $114,000 monthly open, then the next logical target points downwards to the Volume Area Low (VAL) below $100,000. Should BTC push below $100,000 and manage to reclaim the VAL, then this will be a deviation into expansion, which is a reclaim of the range. On the other hand, if BTC is unable to reclaim the VAL after testing below $100,000, it would point to a bear market towards $50,000 to $60,000 range. October Leverage Bloodbath Is Still Echoing A popular crypto news source, CryptosRus, has mentioned that Bloomberg has dropped a report that the October liquidation shocks are still haunting crypto. Meanwhile, Bitcoin is back near $107,000, but the reason is not new Fear, Uncertainty, and Doubt (FUD) or macro pressure, but because traders are still shaken from the October wipeout. Related Reading: Are Bitcoin Investors Back In Accumulation Mode? On-Chain Data Says ‘Possibly’ The liquidation flushed billions in leverage, which is the biggest clean-out this market has seen in years. This drained confidence and completely sidelined buyers who still haven’t stepped back into the arena with conviction. Bloomberg says that the October shock absolutely repelled new demand, even as global risk assets continue to rally. Presently, the fundamentals for BTC are actually fine, but the sentiment is shell-shocked. According to CryptorRus, this is not a weakness, but it’s a recovery mode. Featured image from Pixabay, chart from Tradingview.com

#bitcoin #price analysis #altcoins #price prediction

The multi-month correlation between the crypto market and the S&P 500 is fast slipping away. During the past week, the S&P 500 dropped approximately 1.6%, gold shed less than 1%, while the crypto market dumped over 12% during the same period.  The wider crypto market recorded significant losses during the last 24 hours led by …

#policy #crime #ftx #regulation #legal #exchanges #companies #u.s. policymaking

Arguments made by former FTX CEO Sam Bankman-Fried's lawyer in a bid to get a new trial may not have been convincing, Sam Enzer says.

#law and order

An appeals court did not appear to embrace arguments made by Sam Bankman-Fried's lawyer as to why his 25-year sentence should be overturned.

#coins #zcash

Bitcoin’s creator was aware of its privacy limitations.

#markets #news #ripple #stablecoins #xrp ledger #rlusd

The XRP creator’s stablecoin climbs the ranks faster than most, tapping into its global payments network to accelerate adoption.

#bitcoin #btc price #crypto #bitcoin price #bitcoin news #btcusdt #crypto news #btc news #breaking news ticker

On Tuesday, the Bitcoin price briefly dipped below the significant $100,000 threshold for the first time since June. Market expert Lark Davis summarized the facts behind the ongoing sell-off on the social media platform X (formerly Twitter), describing the situation as “absolutely relentless.”  Bitcoin Price Set For Deeper Correction  Davis highlighted a range of factors contributing to the Bitcoin price downturn, including selling activity from exchange-traded funds (ETFs), and large-scale investors known as whales. He suggested that fear among investors is reaching a peak, indicating a phase of significant capitulation. Related Reading: Dogecoin Volume Spike To $2 Billion Might Be Bearish, Here’s Why Amid these developments, reports have emerged that the Bitcoin price is undergoing an Elliott Wave Correction. Analysts suggest that Wave (5) appears to be complete, and Wave (B) might have reached its peak.  This could set the stage for a deeper Wave (C) correction, potentially bringing the price down to the $70,000 to $75,000 range. This would mean an additional 30% decline ahead for the market’s leading crypto.  The unfolding Elliott Wave A-B-C structure indicates that there is strong support for the Bitcoin price in the “green box” seen in the chart above, which could serve as a potential reversal zone. However, the analyst caution that a substantial rally may follow the completion of the Wave (C) correction. Altcoins At Risk Further complicating the outlook, market analyst Ted Pillows emphasized that merely conducting quantitative tightening (QT) would not suffice to stabilize the market.  Referring to historical data from the third quarter of 2019, when the Federal Reserve (Fed) halted QT, Pillows noted that altcoins dropped significantly—by 40%—and did not find a bottom until the Fed initiated quantitative easing (QE). Related Reading: Bitcoin Remains ‘Fully Bearish’ Until This Price Level Is Reclaimed: Veteran Analyst He warned that the current situation would likely mirror that past experience, stating that unless new liquidity enters the market, alts will continue to set new lows. While a few may outperform, the majority are expected to decline further. As of writing, the Bitcoin price had recovered the $100,900 mark. However, losses of 6% and 12% were recorded in the last 24 hours and over the past seven days, respectively.  Featured image from DALL-E, chart from TradingView.com 

#markets #news #ripple #xrp #rlusd

Ripple’s unified system for payments and wealth storage may give XRP an edge with institutions eyeing real-world utility beyond speculation, said Bitnomial CEO Luke Hoersten.