Despite a slight recovery in cryptocurrency prices on Wednesday, experts remain divided on the future direction of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The market is at a crossroads, with some analysts anticipating a deeper correction, while others see the potential for a renewed recovery. iShares Bitcoin Trust ETF Hits 52-Week Low According to a report from Barron’s, all three cryptocurrencies have attracted attention from major exchange-traded fund (ETF) issuers and President Trump’s administration, spurring hopes that increased institutional adoption could help stabilize volatility. Related Reading: Bitcoin Price Falls Under $100,000: Elliott Wave Analysis Forecasts Decline To $70,000 The iShares Bitcoin Trust ETF is currently trading more than 20% below its recent 52-week high, which was reached less than a month ago. This peak coincided with the formation of a bearish evening star pattern, and the ETF experienced a notable decline of 3% on October 7. The drop below the $70 mark has added to the bearish sentiment, with the ETF declining in three of the last four weeks, closing within the lower half of its trading range. This week alone has seen an 8% drop, and the ETF recently undercut its 200-day simple moving average, marking a steep 5.5% decline—the largest single-day drop since April 7. For investors to regain confidence, analysts assert that it is crucial for the ETF to hold near current levels and reclaim the 21-day exponential moving average (EMA), a key indicator of bullish momentum. Historically, recoveries have taken about six sessions, as seen back in April. Ethereum ETF Faces 17% Weekly Decline Ethereum, represented through the Grayscale Ethereum Trust ETF, has experienced a more pronounced decline, now down 34% from its annual peak and showing a negative year-to-date performance of 5%. This week alone, the ETF has dropped 17%, roughly double the decline seen in the Bitcoin Trust ETF. However, the sharp pullback follows a significant increase of over 220% from early April to late August, making the current retreat appear both prudent and necessary. Notably, the fund has not yet pierced its 200-day simple moving average, having touched it recently while retesting a breakout above a bullish inverse head-and-shoulders pattern. The behavior of the ETF around this critical moving average in the coming week will be crucial; if stability can be achieved, it may present an attractive buying opportunity. After facing resistance at the $40 level on August 22, recent price action could be forming a double-bottom base, provided that the recent lows hold. Heightened Concerns For Solana Solana’s performance has been the most concerning, with its ETF plummeting 41% from its most recent 52-week high set in September. This heightened volatility may reflect the asset’s relative newness, as it began trading only in April. Related Reading: Ethereum Price Needs To Reclaim This Key Level To Prevent Drop To $1,700 The Solana ETF peaked on September 18 and has since formed a bearish island reversal pattern. Over the past seven weeks, it has fallen in five of those, with three weeks recording double-digit declines. This week alone, the ETF has dropped another 19% through just two trading sessions. On the daily chart, a break below the bearish head-and-shoulders pivot at $19 raises concerns of a potential measured move down to $12. Ultimately, the report suggests that a potential recovery for the trio would imply further inflows into these exchange-traded funds. This would also indicate a new wave of bullish sentiment returning to the market. At the time of writing, Bitcoin is trading at $104,190, marking a 3% surge over the past 24 hours. During the same time frame, ETH and SOL also recorded gains of 5% and 4%, respectively. Featured image from DALL-E, chart from TradingView.com
Ripple just made one of its biggest moves yet in bringing blockchain to everyday finance. On November 5, during Ripple Swell 2025 in New York, the blockchain giant announced a partnership with Mastercard, WebBank, and Gemini to enable stablecoin settlement using Ripple USD (RLUSD) on the XRP Ledger (XRPL). The move could reshape how fiat …
Internet Computer price just delivered a remarkable performance that has grabbed the market’s attention. Within the past day, the ICP price surged by 13.1% to $5.79, nearly doubling over the past week with an outstanding 93.13% rally. Amid a spike in market cap to $3.12 billion and $678.4 million in 24-hour trading volume, ICP blasted …
November 6, 2025 06:46:18 UTC SBI Digital Markets Partners with Chainlink to Power Tokenized Asset Platform SBI Digital Markets (SBIDM), the digital asset arm of Japan’s SBI Group (¥10T AUM), has adopted Chainlink as its exclusive infrastructure provider. Through Chainlink’s CCIP, SBIDM will enable secure transfers of tokenized assets across public and private blockchains while …
November 6, 2025 06:20:15 UTC Ripple Secures $500M Investment at $40B Valuation as Swell 2025 Momentum Soars Ripple has closed a $500 million strategic investment round at a $40 billion valuation, led by Fortress Investment Group and Citadel Securities. The company revealed over $95 billion in payment volume, a $1 billion RLUSD stablecoin market cap, …
Chainlink has partnered with SBI Digital Markets, the digital asset division of Japan’s SBI Group, to create secure and compliant cross-chain digital asset solutions. Using Chainlink’s Cross-Chain Interoperability Protocol (CCIP), the collaboration enables seamless and private transfer of tokenized assets across multiple blockchains. This partnership supports SBI’s plan to evolve from token issuance to a …
Jan3 founder Samson Mow also argued that fears of Bitcoin OGs selling are overblown and traders should focus on the next bull run, rather than “self-owning themselves.”
A US appeals court says the FBI isn’t at fault for wiping a drive containing over 3,400 Bitcoin, as its convicted owner never informed the government that he owned the tokens.
An analyst has pointed out how Cardano is retesting a level that has helped the asset’s price rebound multiple times during the past year. Cardano Is Retesting The Support Level Of A Parallel Channel In a new post on X, analyst Ali Martinez has shared a pattern forming in the daily price of Cardano. The pattern in question is a Parallel Channel, a type of consolidation channel from technical analysis (TA). Related Reading: Bitcoin & Ethereum Social Sentiment Collapses, But XRP Just Sees Disinterest A Parallel Channel forms whenever an asset’s price trades between two parallel trendlines. If the channel has a positive slope relative to the graph axes, the pattern is called an Ascending Channel. Similarly, the trendlines pointing down create a Descending Channel. In the context of the current discussion, the simplest case of the Parallel Channel is of interest: a channel with a slope exactly equal to zero. This type of pattern corresponds to a phase of true sideways movement in the asset’s price. Just like other consolidation patterns in TA, the upper line of this pattern is also likely to be a source of resistance, while lower one that of support. If the price manages to break past one of these bounds, it may experience a continuation of trend in that direction. This means that a breakout above the channel can be a bullish signal, while a fall under it a bearish one. Now, here is the chart shared by Martinez that shows the Parallel Channel that the 1-day price of Cardano has been trading inside for the past year: As displayed in the above graph, Cardano has witnessed a plummet toward the Parallel Channel’s lower level situated at $0.52 with the recent downturn in the cryptocurrency sector. Since ADA started trading inside the channel back in November 2024, its price has rebounded at this line several times. Given this pattern, it’s possible that the asset may find support at the mark once more. It only remains to be seen, however, whether the Parallel Channel will continue to hold or if a breakdown is coming next. Related Reading: Altcoin Winter Here? Ethereum, Solana Activity Plunges Speaking of Parallel Channels, Ethereum, the cryptocurrency ranked second by market cap, is also trading inside this type of pattern, as the analyst has pointed out in another X post. Unlike ADA’s channel, this pattern in the 3-day Ethereum price is a long-term one, beginning way back in 2021. ETH found rejection at the resistance of this Parallel Channel earlier in the year and has since been on the way down. “The worst-case scenario: Ethereum $ETH fails to reclaim $4,000, breaks through $3,800 support, and drops to $2,400 or $1,700,” said the analyst. ADA Price At the time of writing, Cardano is floating around $0.547, down over 16% in the last seven days. Featured image from Dall-E, charts from TradingView.com
The crypto exchange said the Treasury should ensure that non-financial software is not captured by its requirements.
Major DeFi protocols on Ethereum have banded together to counter the so-called “outsized influence” of centralized crypto firms on US policymaking.
The token defended its ascending channel structure despite distribution pressure at the upper boundary, keeping short-term bias neutral-to-bullish above $0.16.
The move marked the token’s strongest daily gain in a week and outperformance against a declining broader market, with traders now eyeing a clean push toward $2.50.
The USDC policy reversal on firearm purchases suggests that “stablecoins are at the whims of politicians,” an industry expert told Decrypt.
At Miami’s America Business Forum, he said his orders ended a “war on crypto,” said crypto helps the dollar and warned China could gain if Washington stumbles.
Solana started a fresh decline below the $162 zone. SOL price is now attempting to recover and faces hurdles near the $166 zone. SOL price started a fresh decline below $165 and $162 against the US Dollar. The price is now trading below $165 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $155 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $165 and $166. Solana Price Attempts Recovery Wave Solana price failed to remain stable above $175 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $170 and $165 support levels. The price gained bearish momentum below $160. A low was formed at $145, and the price recently started a recovery wave. There was a move above the 23.6% Fib retracement level of the downward move from the $188 swing high to the $145 low. Besides, there was a break above a key bearish trend line with resistance at $155 on the hourly chart of the SOL/USD pair. Solana is now trading below $165 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $165 level. The next major resistance is near the $166 level and the 50% Fib retracement level of the downward move from the $188 swing high to the $145 low. The main resistance could be $172. A successful close above the $172 resistance zone could set the pace for another steady increase. The next key resistance is $180. Any more gains might send the price toward the $188 level. Another Decline In SOL? If SOL fails to rise above the $166 resistance, it could continue to move down. Initial support on the downside is near the $160 zone. The first major support is near the $155 level. A break below the $155 level might send the price toward the $148 support zone. If there is a close below the $148 support, the price could decline toward the $142 zone in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $155 and $148. Major Resistance Levels – $165 and $166.
The HYPE price has rebounded sharply, recovering from recent volatility that saw a $44 million whale liquidation earlier this week, which rattled traders. After plunging to around $36, the HYPE price surged over 7% in the past 24 hours, now trading around $40 as bullish sentiment returns. Related Reading: 84% Of XRP Sell Pressure Comes From Korea As $2 Looms, Analyst Warns The rally follows its landmark listings on Binance and Coinbase, a move that has sparked renewed confidence in the fast-rising DeFi Layer 1 network. According to on-chain data from Coinglass, funding rates have flipped positive while whale accumulation has increased. Analysts suggest the next HYPE price target could be the $51.15 resistance level if buying pressure continues, with RSI levels slowly trending toward neutrality after oversold readings. The comeback supports Hyperliquid’s resilience despite high-leverage trading risks exposed by the whale’s massive loss. Binance and Coinbase Listings Spark Institutional Momentum The simultaneous listings of HYPE on Binance and Coinbase have been pivotal for the recovery. Both exchanges introduced major trading pairs like HYPE/USDT and HYPE/BTC, dramatically improving global liquidity and accessibility. This dual-listing marks Hyperliquid’s official transition from a niche derivatives protocol into a mainstream DeFi contender, attracting both institutional and retail traders. Institutional interest has also accelerated following reports that BlackRock and Fidelity are exploring integrations of Hyperliquid’s oracle feeds into upcoming ETF products. Although no official confirmation has been issued, analysts view this as strong validation of Hyperliquid’s underlying technology, which is known for its sub-millisecond transaction speeds and hybrid consensus that combines proof-of-stake with zero-knowledge proofs. Technical Outlook: Signs of a Broader HYPE Price Revival Technically, the HYPE price structure is showing early signs of recovery after testing key support around the 200-day EMA, near $38. If momentum holds, analysts expect a push toward $51.15, where the next major resistance sits. HYPE's price records small profits on the daily chart. Source: HYPEUSD on Tradingview Meanwhile, daily active addresses have doubled in the past week, and Hyperliquid’s total value locked (TVL) has climbed over 150% since late October, evidence of sustained ecosystem growth. Related Reading: Valuation Model That Puts XRP Price Above $18,000 Stuns Community With funding rates turning positive and exchange inflows rising, traders anticipate that HYPE may regain its prior highs sooner than expected. While the whale’s $44 million loss remains a cautionary tale of leverage gone wrong, the market’s swift rebound suggests confidence in a further HYPE price surge. Cover image from ChatGPT, HYPEUSD chart from Tradingview
An explosion in transaction activity on Ethereum layer 2 Lighter since launching last month has pushed Ethereum’s transaction per second count to a record of 24,192.
XRP price started a recovery wave from $2.050. The price is now back above $2.25 and might attempt to surpass the $2.420 resistance zone. XRP price was able to start a recovery wave above $2.20. The price is now trading above $2.250 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $2.240 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it clears $2.420. XRP Price Starts Recovery XRP price extended losses below $2.25 and $2.20, like Bitcoin and Ethereum. The price dipped below the $2.150 and $2.120 levels. A low was formed at $2.066, and the price recently started a recovery wave. There was a move above the $2.20 and $2.25 levels. The price climbed above the 50% Fib retracement level of the downward move from the $2.552 swing high to the $2.066 low. Besides, there was a break above a bearish trend line with resistance at $2.240 on the hourly chart of the XRP/USD pair. The price is now trading above $2.250 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $2.40 level. The first major resistance is near the $2.420 level and the 76.4% Fib retracement level of the downward move from the $2.552 swing high to the $2.066 low, above which the price could rise and test $2.480. A clear move above the $2.480 resistance might send the price toward the $2.550 resistance. Any more gains might send the price toward the $2.650 resistance. The next major hurdle for the bulls might be near $2.720. Another Decline? If XRP fails to clear the $2.420 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.280 level. The next major support is near the $2.250 level. If there is a downside break and a close below the $2.250 level, the price might continue to decline toward $2.20. The next major support sits near the $2.120 zone, below which the price could continue lower toward $2.060. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.280 and $2.250. Major Resistance Levels – $2.40 and $2.420.
The crypto market looks beaten down again, but one veteran investor says that may be the exact signal to stay calm. Related Reading: Bitcoin’s Grip Holds — But Signs Of Weakness Are Piling Up: Analyst Bitwise Chief Investment Officer Matt Hougan believes Bitcoin’s deep sell-off — now dragging prices below $102,000 for the first time since the last five months — is more about panic than fundamentals. Retail Sentiment At ‘Max Desperation’ Hougan told CNBC this week that small traders are hitting a breaking point. “It’s almost a tale of two markets,” he said, describing what he sees as “max desperation” among retail investors after months of heavy losses and leverage blowouts. He called the mood the most depressed he’s ever witnessed in crypto. For him, that level of hopelessness might be the final stage before the market finds its footing again. Institutional Flows Continue To Matter While smaller traders are backing off, larger investors appear to be sticking around. According to reports, financial advisors and institutional funds are still adding to positions through Bitcoin ETFs such as iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), and Grayscale Bitcoin Trust (GBTC). The weekly inflows have slowed since the middle of the year, but they remain positive — a sign, Hougan says, that big money hasn’t lost faith. Hougan argues that this split between retail panic and institutional confidence could shape how the market recovers. “When I talk to advisors and institutions,” he said, “they’re still excited to allocate to an asset class that, if you zoom out, is delivering strong returns over the past year.” Solana Staking Interest And ETF Activity The growing influence of crypto funds goes beyond Bitcoin. Hougan said Bitwise’s new Solana Staking ETF (BSOL) pulled in more than $400 million in its first week before dropping nearly 20% since launching on Oct. 28. Even so, he sees strong appetite for professionally managed crypto exposure among investors who prefer structured products over direct trading. Related Reading: ‘Good News’ Finally Arrives For SHIB Army As Team Unveils New Update Not everyone agrees on how fast a rebound might come. Strategy CEO Michael Saylor recently predicted Bitcoin could hit $150,000 by year end — a call Hougan considers bold but not impossible. He said a move toward $125,000 or even $130,000 is achievable if selling pressure keeps fading and demand from institutions grows. For now, the market still feels fragile. Hougan admits there could be more downside before prices turn around, but he thinks the end of the sell-off is close. Retail sentiment may be collapsing, yet institutional optimism is holding firm — and that, he says, could be the fuel for Bitcoin’s next rally. Featured image from Unsplash, chart from TradingView
The proposals are expected to include temporary caps on stablecoin holdings for both individuals and businesses.
Robinhood executive Shiv Verma says buying crypto could align it with the community more, but questions if it's “the right thing for shareholders.”
BitMine's strategic Ether acquisition highlights growing institutional confidence in Ethereum as a hedge against financial market volatility.
The post BitMine acquires $70M worth of Ether for treasury: on-chain data appeared first on Crypto Briefing.
Robinhood Markets’ crypto revenue jumped over 300% in Q3, helping to double its revenue from last year to surpass analyst expectations.
Ethereum price started a fresh decline below $3,500. ETH is attempting to recover from $3,050 but faces resistance near $3,500. Ethereum started another bearish wave after it settled below $3,550. The price is trading below $3,500 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $3,410 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below $3,320. Ethereum Price Faces Resistance Ethereum price failed to stay in a positive zone and started a fresh decline below $3,500, like Bitcoin. ETH price declined below $3,450 and $3,350 to enter a bearish zone. The decline gained pace below $3,250. Finally, the bulls appeared near $3,050. A low was formed at $3,058 and the price recently started a recovery wave. There was a move above the 23.6% Fib retracement level of the downward move from the $3,920 swing high to the $3,058 low. Besides, there was a break above a bearish trend line with resistance at $3,410 on the hourly chart of ETH/USD. However, the bears remained active below $3,500 and the 50% Fib retracement level of the downward move from the $3,920 swing high to the $3,058 low. Ethereum price is now trading below $3,400 and the 100-hourly Simple Moving Average. If there is another recovery wave, the price could face resistance near the $3,450 level. The next key resistance is near the $3,480 level. The first major resistance is near the $3,500 level. A clear move above the $3,500 resistance might send the price toward the $3,550 resistance. An upside break above the $3,550 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,740 resistance zone or even $3,800 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,480 resistance, it could start a fresh decline. Initial support on the downside is near the $3,320 level. The first major support sits near the $3,260 zone. A clear move below the $3,260 support might push the price toward the $3,150 support. Any more losses might send the price toward the $3,050 region in the near term. The next key support sits at $3,020 and $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,260 Major Resistance Level – $3,500
Dogecoin (DOGE) is showing renewed weakness after a week of heavy whale distribution and technical breakdowns that erased much of its recent recovery. As traders brace for further declines, analysts warn that the meme coin could tumble below the $0.15 threshold if bearish sentiment persists. Related Reading: Valuation Model That Puts XRP Price Above $18,000 Stuns Community Currently trading at around $0.163, Dogecoin fell 5% to $0.16 on Tuesday, breaking below critical support levels amid intensified institutional selling. On-chain data reveals that large holders offloaded more than 1 billion DOGE in the past week, translating to roughly $440 million in outflows. 1 Billion DOGE Sell-Off Intensifies Selling Pressure The recent $1 billion sell-off came after repeated failures to break resistance between $0.18 and $0.19, sparking a steep correction. Trading volume surged 94% above average, hitting 2.05 billion DOGE at the peak of the decline, confirming broad distribution from major wallets. Analysts note that the DOGE price briefly stabilized near $0.155, but the rebound lacked momentum, with lower highs forming a descending pattern, a classic signal of sustained bearish pressure. The Relative Strength Index (RSI) remains at 40.5, indicating moderate bearish momentum, while the Moving Average Convergence Divergence (MACD) remains negative. A further dip below RSI 40 could trigger stronger downside moves. DOGE's price trends to the downside on the daily chart. Source: DOGEUSD on Tradingview Technical Breakdown Confirms Bearish Outlook Dogecoin’s charts now reflect a full breakdown from a multi-week triangle pattern, with price action trapped below all major exponential moving averages (20, 50, 100, and 200-day). The EMAs have flipped into overhead resistance, reinforcing a bearish market structure. Analysts identify $0.15 as the next key support level. Failure to hold this zone could expose DOGE to deeper downside targets near $0.13, while a sustained close below $0.150 would confirm a clean breakdown. On the upside, bulls must reclaim $0.189 and hold above the EMA cluster to signal any meaningful reversal. Dogecoin ETF Momentum Stalls Amid Broader Market Fatigue Adding to the uncertainty, Bitwise and Grayscale are reportedly advancing their Dogecoin ETFs under new rules that allow automatic listing after meeting exchange standards, bypassing direct SEC approval. However, optimism around these products has yet to translate into market strength, as investor enthusiasm appears muted following weeks of price weakness. Related Reading: Pundit Highlights Major Move For XRP And RLUSD, Will Price Follow? For now, Dogecoin trades within $0.16 with bearish volume dominance. Unless buyers regain control above $0.165–$0.17, analysts caution that DOGE could extend its slide toward the $0.13–$0.10 range in the coming sessions, marking a potential retest of multi-month lows. Cover image from ChatGPT, DOGEUSD chart from Tradingview
The court said the man had waited too long to reclaim his Bitcoin fortune, which he says was on a now-destroyed hard drive.
This partnership could accelerate the integration of blockchain technology into traditional finance, enhancing cross-chain asset management.
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Bitcoin price is struggling below $105,000. BTC could continue to move down if it stays below the $104,200 resistance. Bitcoin started a fresh decline below the $104,000 support. The price is trading below $104,000 and the 100 hourly Simple moving average. There was a break above a bearish trend line with resistance at $103,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it fails to surpass the $105,000 zone. Bitcoin Price Faces Resistance Bitcoin price failed to stay above the $105,000 support level and started a fresh decline. BTC dipped below $103,500 and $102,000 to enter a bearish zone. The decline was such that the price even spiked below the $100,000 support. A low was formed at $98,900 and the price recently started a recovery wave. There was a move above the 23.6% Fib retracement level of the downward move from the $111,000 swing high to the $98,900 low. Besides, there was a break above a bearish trend line with resistance at $103,000 on the hourly chart of the BTC/USD pair. However, the bears remained active near $104,000. Bitcoin is now trading below $104,000 and the 100 hourly Simple moving average. If the bulls attempt another recovery wave, the price could face resistance near the $103,500 level. The first key resistance is near the $104,000 level. The next resistance could be $105,000 and the 50% Fib retracement level of the downward move from the $111,000 swing high to the $98,900 low. A close above the $105,000 resistance might send the price further higher. In the stated case, the price could rise and test the $106,500 resistance. Any more gains might send the price toward the $107,500 level. The next barrier for the bulls could be $108,500 and $108,800. Another Decline In BTC? If Bitcoin fails to rise above the $104,000 resistance zone, it could continue to move down. Immediate support is near the $102,150 level. The first major support is near the $100,500 level. The next support is now near the $100,000 zone. Any more losses might send the price toward the $98,800 support in the near term. The main support sits at $97,500, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $102,150, followed by $100,500. Major Resistance Levels – $103,500 and $104,000.
Sun's significant Ethereum stake could influence market dynamics, potentially impacting Ethereum's liquidity and price stability.
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