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Bitcoin (BTC) Price Analysis for November 8
All the top 10 coins are in the green zone at the beginning of the weekend, according to CoinStats.
BTC/USD
The price of Bitcoin (BTC) has risen by 1.06% since yesterday.
On the hourly chart, the rate of BTC is about to break the local support of $101,700. If it happens, traders may witness a further downward move to the $101,000 range.
On the bigger time frame, the price of the main crypto is within yesterday's bar, which means neither side is dominating.
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In this case, sideways trading in the narrow range of $100,000-$104,000 is the more likely scenario.
From the midterm point of view, one should pay attention to the nearest support of $98,240. If a breakout happens, the accumulated energy might be enough for a more profound drop to the $90,000-$95,000 zone.
Bitcoin is trading at $101,526 at press time.
BTC/USD
The price of Bitcoin (BTC) has risen by 1.06% since yesterday.
On the hourly chart, the rate of BTC is about to break the local support of $101,700. If it happens, traders may witness a further downward move to the $101,000 range.
On the bigger time frame, the price of the main crypto is within yesterday's bar, which means neither side is dominating.
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In this case, sideways trading in the narrow range of $100,000-$104,000 is the more likely scenario.
From the midterm point of view, one should pay attention to the nearest support of $98,240. If a breakout happens, the accumulated energy might be enough for a more profound drop to the $90,000-$95,000 zone.
Bitcoin is trading at $101,526 at press time.
Zcash Price Analysis for November 8
Bulls are back in the game on the first day of the weekend, according to CoinStats.
ZEC/USD
Unlike most other coins, the rate of ZEC has declined by 23.59% over the last 24 hours.
On the hourly chart, the price of ZEC is near the local support of $528.55. If a bounce back does not happen, traders may see a further drop to the $500 zone by tomorrow.
On the bigger time frame, bulls have failed to maintain growth after yesterday's bullish candle.
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If the daily bar closes near the $525.17 level, the correction is likely to continue to the $450-$500 range. Such a scenario is relevant for the next few days.
From the midterm point of view, one should focus on the weekly bar closure in terms of its peak at $750. If it happens far from that mark, there is a chance to see a drop to the $300-$400 zone.
ZEC is trading at $532.38 at press time.
ZEC/USD
Unlike most other coins, the rate of ZEC has declined by 23.59% over the last 24 hours.
On the hourly chart, the price of ZEC is near the local support of $528.55. If a bounce back does not happen, traders may see a further drop to the $500 zone by tomorrow.
On the bigger time frame, bulls have failed to maintain growth after yesterday's bullish candle.
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If the daily bar closes near the $525.17 level, the correction is likely to continue to the $450-$500 range. Such a scenario is relevant for the next few days.
From the midterm point of view, one should focus on the weekly bar closure in terms of its peak at $750. If it happens far from that mark, there is a chance to see a drop to the $300-$400 zone.
ZEC is trading at $532.38 at press time.
XRP Price Analysis for November 8
The weekend has started with the market bouncing back, according to CoinMarketCap.
XRP/USD
The rate of XRP has risen by 3.80% over the last day.
On the hourly chart, the price of XRP has made a false breakout of the local support of $2.2745.
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If the daily bar closes far from that mark, traders may witness local growth to the $2.33 resistance.
On the bigger time frame, the rate of XRP is far from the main levels, which means neither bulls nor bears have accumulated enough energy for a further move. In this case, sideways trading around the current prices is the more likely scenario.
From the midterm point of view, there are no reversal signals so far. However, if the weekly bar closes far from its low, bulls may seize the initiative, which may lead to a bounce to the $2.50 range.
XRP is trading at $2.2763 at press time.
XRP/USD
The rate of XRP has risen by 3.80% over the last day.
On the hourly chart, the price of XRP has made a false breakout of the local support of $2.2745.
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If the daily bar closes far from that mark, traders may witness local growth to the $2.33 resistance.
On the bigger time frame, the rate of XRP is far from the main levels, which means neither bulls nor bears have accumulated enough energy for a further move. In this case, sideways trading around the current prices is the more likely scenario.
From the midterm point of view, there are no reversal signals so far. However, if the weekly bar closes far from its low, bulls may seize the initiative, which may lead to a bounce to the $2.50 range.
XRP is trading at $2.2763 at press time.
Cardano Founder Reveals Key Plans for Midnight, What's In for ADA?
Cardano's privacy-focused chain Midnight is getting close to its official launch, with the road map to be discussed at the upcoming Midnight summit Nov. 17, according to Cardano's founder Charles Hoskinson.
In a recent video clip posted on his official X account captioned "Midnight community," Hoskinson revealed excitement about Midnight, which he refers to as his "second kid," with Cardano being the first.
I'd like to start a podcast called the Night Shift. It will be all about midnight and release weekly. Who would like to host?
— Charles Hoskinson (@IOHK_Charles) November 7, 2025
The Cardano founder made known his intention to start a podcast called the Night Shift, which will be all about Midnight and will be released weekly. He hopes to get this started by January.
A Midnight Ambassador program is also underway, the Cardano founder stated. Hoskinson highlighted Zcash's 1,200% surge since the start of the year, noting that the focus of the market is now shifting toward privacy.
As reported, Hoskinson indicated that privacy is the big thing now in the cryptocurrency sector and stands to be the narrative of value appreciation this cycle.
Hoskinson stated the next 90 days would be crucial, with Midnight set to define its culture. In related news, the Midnight summit hackathon scheduled for Nov. 17 to 19 is now open for applications with $25,000 in total prizes.
What's in for ADA?
Hoskinson says Bitcoin, as well as Cardano, are not going anywhere. The Cardano founder highlighted major updates coming for Cardano in the year 2026. Leios has made significant progress and has evolved from an idea to a comprehensive CIP, with a dedicated team committed to delivering it by 2026.
He noted that Cardano remains one of the biggest experiments for decentralized governance, adding that many upgrades are coming to the Cardano constitution in the days ahead.
Hoskinson also highlighted remarkable progress to be made in Bitcoin DeFi in 2026, noting Cardano's destiny being tied to Bitcoin.
The Cardano founder earlier revealed an alternative Chainlink plan underway, with several other oracles in the pipeline to integrate alongside 100 other partners, thanks to Midnight.
In a recent video clip posted on his official X account captioned "Midnight community," Hoskinson revealed excitement about Midnight, which he refers to as his "second kid," with Cardano being the first.
I'd like to start a podcast called the Night Shift. It will be all about midnight and release weekly. Who would like to host?
— Charles Hoskinson (@IOHK_Charles) November 7, 2025
The Cardano founder made known his intention to start a podcast called the Night Shift, which will be all about Midnight and will be released weekly. He hopes to get this started by January.
A Midnight Ambassador program is also underway, the Cardano founder stated. Hoskinson highlighted Zcash's 1,200% surge since the start of the year, noting that the focus of the market is now shifting toward privacy.
As reported, Hoskinson indicated that privacy is the big thing now in the cryptocurrency sector and stands to be the narrative of value appreciation this cycle.
Hoskinson stated the next 90 days would be crucial, with Midnight set to define its culture. In related news, the Midnight summit hackathon scheduled for Nov. 17 to 19 is now open for applications with $25,000 in total prizes.
What's in for ADA?
Hoskinson says Bitcoin, as well as Cardano, are not going anywhere. The Cardano founder highlighted major updates coming for Cardano in the year 2026. Leios has made significant progress and has evolved from an idea to a comprehensive CIP, with a dedicated team committed to delivering it by 2026.
He noted that Cardano remains one of the biggest experiments for decentralized governance, adding that many upgrades are coming to the Cardano constitution in the days ahead.
Hoskinson also highlighted remarkable progress to be made in Bitcoin DeFi in 2026, noting Cardano's destiny being tied to Bitcoin.
The Cardano founder earlier revealed an alternative Chainlink plan underway, with several other oracles in the pipeline to integrate alongside 100 other partners, thanks to Midnight.
7,380,000,000,000 SHIB Put OI in Flames as Price Removes Zero
As of Saturday, Nov. 8, Shiba Inu (SHIB) traders have locked over 7.38 trillion SHIB tokens worth over $76 million into the SHIB derivatives market amid rising on-chain activity.
According to data from CoinGlass, momentum is finally returning to the SHIB ecosystem, and investors have been spotted betting heavily on the Shiba Inu futures market.
The surge, which has coincided with the broad crypto market resurgence, highlights growing confidence surrounding SHIB’s future outlook in the futures derivatives market.
SHIB open interest rockets 15%
The data provided by the source shows that SHIB’s open interest has skyrocketed by more than 15% over the last 24 hours as a massive 7.38 trillion SHIB has been registered as open interest across all supported exchanges.
Following the high volatility witnessed in the past week, the surge in SHIB’s open interest coincides with a sharp market resurgence that has led the broad crypto market back to the green territory.
After days of sideways movement and notable price corrections, SHIB has suddenly surged by over 10.43% in the last day, jumping high enough to remove a zero from its price.While the SHIB community had gradually seen traders’ enthusiasm fade significantly, this impressive price action witnessed over the last day has sparked renewed optimism and momentum within its community.
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Following the surge in SHIB’s futures activity over the last day, Shiba Inu has skyrocketed by a massive 10.53% in the last 24 hours, trading at $0.00001006 as of writing time.
Notably, data from CoinMarketCap shows SHIB’s price reaching an intraday high of $0.00001032, breaking above key resistance levels that previously capped its upside.
Following this price surge, Shiba Inu has removed a zero from its initial price of around $0.000009 that it traded around yesterday.
Nonetheless, the data further shows that the majority of Shiba Inu’s open interest capital came from traders on the Gate.io exchange. These traders account for 47.13% of the total open interest, which represents about $36.63 million in SHIB.
According to data from CoinGlass, momentum is finally returning to the SHIB ecosystem, and investors have been spotted betting heavily on the Shiba Inu futures market.
The surge, which has coincided with the broad crypto market resurgence, highlights growing confidence surrounding SHIB’s future outlook in the futures derivatives market.
SHIB open interest rockets 15%
The data provided by the source shows that SHIB’s open interest has skyrocketed by more than 15% over the last 24 hours as a massive 7.38 trillion SHIB has been registered as open interest across all supported exchanges.
Following the high volatility witnessed in the past week, the surge in SHIB’s open interest coincides with a sharp market resurgence that has led the broad crypto market back to the green territory.
After days of sideways movement and notable price corrections, SHIB has suddenly surged by over 10.43% in the last day, jumping high enough to remove a zero from its price.While the SHIB community had gradually seen traders’ enthusiasm fade significantly, this impressive price action witnessed over the last day has sparked renewed optimism and momentum within its community.
card
Following the surge in SHIB’s futures activity over the last day, Shiba Inu has skyrocketed by a massive 10.53% in the last 24 hours, trading at $0.00001006 as of writing time.
Notably, data from CoinMarketCap shows SHIB’s price reaching an intraday high of $0.00001032, breaking above key resistance levels that previously capped its upside.
Following this price surge, Shiba Inu has removed a zero from its initial price of around $0.000009 that it traded around yesterday.
Nonetheless, the data further shows that the majority of Shiba Inu’s open interest capital came from traders on the Gate.io exchange. These traders account for 47.13% of the total open interest, which represents about $36.63 million in SHIB.
Shiba Inu: Shibarium on the Verge of Major Block Milestone
Shiba Inu Layer 2 Shibarium is on the verge of a new total block milestone. According to Shibariumscan, the Shibarium Layer 2 is approaching 14 million blocks, with the total block count now at 13,994,936. This leaves about 5,064 blocks for Shibarium to reach the 14 million milestone.
In May 2025, Shibarium total blocks surpassed 11 million for the first time, implying that Shibarium has added nearly 3 million blocks in the last six months. This trend reflects steady growth, albeit not astronomical.
Going by this, it might be likely for Shibarium to cross the 14 million block milestone before the year 2025 ends, notwithstanding the current lull in transaction growth.
Shibarium daily transactions declined from 17,270 on Oct. 24 to record 2,420 in the last 24 hours. Other Shibarium metrics hold steady: total transactions are currently at 1,568,687,637; total addresses at 272,740,757.
As reported, Shibarium's recent upgrade, which strengthens decentralization and network uptime, will see the old public RPC connection retired, ending access through the previous URL. Users are urged to migrate to the new RPC to stay connected to the network.
Shiba Inu price jumps 11%
Shiba Inu saw a major price surge on Friday, rising from $0.00000902 to $0.000001034, printing a massive green daily candlestick as a result. The surge follows a broader market recovery after economic data indicated a December Fed rate cut could be very much back on the table.
At the time of writing, SHIB was up 11% in the last 24 hours to $0.00001006, erasing a much watched zero from its price tag. The recent surge has erased weekly losses, with SHIB only down 0.66% in the last 24 hours.
In the coming weeks, investors anticipate an increase in the number of exchange-traded products (ETPs) offering exposure to alternative cryptocurrencies, altcoins, due to new guidance from U.S. regulators.
Grayscale listed Shiba Inu among crypto assets expected to qualify for spot ETPs based on the new generic listing standards.
In May 2025, Shibarium total blocks surpassed 11 million for the first time, implying that Shibarium has added nearly 3 million blocks in the last six months. This trend reflects steady growth, albeit not astronomical.
Going by this, it might be likely for Shibarium to cross the 14 million block milestone before the year 2025 ends, notwithstanding the current lull in transaction growth.
Shibarium daily transactions declined from 17,270 on Oct. 24 to record 2,420 in the last 24 hours. Other Shibarium metrics hold steady: total transactions are currently at 1,568,687,637; total addresses at 272,740,757.
As reported, Shibarium's recent upgrade, which strengthens decentralization and network uptime, will see the old public RPC connection retired, ending access through the previous URL. Users are urged to migrate to the new RPC to stay connected to the network.
Shiba Inu price jumps 11%
Shiba Inu saw a major price surge on Friday, rising from $0.00000902 to $0.000001034, printing a massive green daily candlestick as a result. The surge follows a broader market recovery after economic data indicated a December Fed rate cut could be very much back on the table.
At the time of writing, SHIB was up 11% in the last 24 hours to $0.00001006, erasing a much watched zero from its price tag. The recent surge has erased weekly losses, with SHIB only down 0.66% in the last 24 hours.
In the coming weeks, investors anticipate an increase in the number of exchange-traded products (ETPs) offering exposure to alternative cryptocurrencies, altcoins, due to new guidance from U.S. regulators.
Grayscale listed Shiba Inu among crypto assets expected to qualify for spot ETPs based on the new generic listing standards.
XRP ETF Countdown Begins: '20 Day Clock in Effect,' Says Bloomberg Analyst
The countdown for XRP spot ETF is on as asset manager 21Shares has filed an amended prospectus for its proposed spot XRP ETF, moving the fund closer to potential SEC approval under Section 8(a). More significant about the move is that 21Shares triggered an automatic effectiveness countdown for its spot XRP ETF.
Bloomberg ETF analyst Eric Balchunas highlighted this development in a recent tweet: "21Shares just dropped an 8(a) for their spot XRP ETF. 20 day clock in effect."
21Shares just dropped an 8(a) for their spot XRP ETF.. 20 day clock in effect.. pic.twitter.com/YqnC5cJDni
— Eric Balchunas (@EricBalchunas) November 7, 2025
Issuers are filing amendments to their S-1 registration statements, which include "no delaying amendment" language. Under U.S. securities law, the filings automatically become effective after 20 days unless the SEC steps in to issue a stay or request changes.
This follows a similar move by other XRP ETF issuers, including Canary Capital Group, whose ETF filing has now entered a 20-day window.
Countdown to XRP ETF begins
In a tweet, Canary Capital wrote: "Get ready: Canary XRP ETF (XRPC) is coming soon." In late October, Canary Capital launched the first spot ETFs for Litecoin (LTC) and Hedera (HBAR) in the U.S., raising the chances of an XRP ETF launch.
The XRP ETF would trade on Nasdaq under the ticker XRPC and hold XRP in custody with Gemini Trust Company and BitGo Trust Company, using the CoinDesk XRP CCIXber 60m New York Rate as its pricing benchmark.
The optimism around XRP ETFs adds to a big week for Ripple, which also announced new partnerships with Mastercard and WebBank for RLUSD settlement, XRP Ledger, which surpassed 100 million ledgers, and Ripple's stablecoin RLUSD, which crossed the $1 billion milestone.
The XRP community continues to watch for new developments regarding a spot XRP ETF in the U.S. If Canary’s registration passes automatically under 8(a) rules, another XRP spot ETF would become reality — a development that may boost institutional demand.
Bloomberg ETF analyst Eric Balchunas highlighted this development in a recent tweet: "21Shares just dropped an 8(a) for their spot XRP ETF. 20 day clock in effect."
21Shares just dropped an 8(a) for their spot XRP ETF.. 20 day clock in effect.. pic.twitter.com/YqnC5cJDni
— Eric Balchunas (@EricBalchunas) November 7, 2025
Issuers are filing amendments to their S-1 registration statements, which include "no delaying amendment" language. Under U.S. securities law, the filings automatically become effective after 20 days unless the SEC steps in to issue a stay or request changes.
This follows a similar move by other XRP ETF issuers, including Canary Capital Group, whose ETF filing has now entered a 20-day window.
Countdown to XRP ETF begins
In a tweet, Canary Capital wrote: "Get ready: Canary XRP ETF (XRPC) is coming soon." In late October, Canary Capital launched the first spot ETFs for Litecoin (LTC) and Hedera (HBAR) in the U.S., raising the chances of an XRP ETF launch.
The XRP ETF would trade on Nasdaq under the ticker XRPC and hold XRP in custody with Gemini Trust Company and BitGo Trust Company, using the CoinDesk XRP CCIXber 60m New York Rate as its pricing benchmark.
The optimism around XRP ETFs adds to a big week for Ripple, which also announced new partnerships with Mastercard and WebBank for RLUSD settlement, XRP Ledger, which surpassed 100 million ledgers, and Ripple's stablecoin RLUSD, which crossed the $1 billion milestone.
The XRP community continues to watch for new developments regarding a spot XRP ETF in the U.S. If Canary’s registration passes automatically under 8(a) rules, another XRP spot ETF would become reality — a development that may boost institutional demand.
XRP Burns Explode With 60.87% Surge as Price Goes Parabolic
As XRP appears to have suddenly recovered from the severe price corrections it has consistently witnessed in the past week, the leading altcoin has recorded a dramatic surge in network activity.
According to data provided by the on-chain analytics platform XRPSCAN, XRP has seen its burn rate skyrocket significantly by 60.87% in the last 24 hours.
Following this impressive growth, the amount of XRP burned as fees has increased from the 667 tokens recorded yesterday to 1,073 XRP today.
While the surge has seen XRP burns return to level above the thousand mark after multiple days of bare lows, the metric has restored confidence to the market as it aligns with a sharp price reversal after nearly a week of intense selling pressure.
XRP back on bull track
While XRP had plunged to $2.16 yesterday, marking one of the lowest points of its latest correction, its sudden resurgence during the latter hour of the day has got the crypto community talking.
The sudden shift has seen XRP regain momentum while ripping back above $2.30 during the same day. Following this price surge, XRP has seen its price show a daily increase of 5.24%, trading at around $2.29 as of writing time.
The increase in XRP’s burn rate, coinciding with renewed bullish sentiment, has fueled speculation that XRP may be entering a new phase, set to mirror November's anticipated price rally.
While the launch of proposed XRP ETFs appears to be drawing closer, market watchers have predicted that the growing momentum surrounding the already filed funds could attract more than $1 billion in inflows upon approval.
Furthermore, crypto experts have also shared analysis that if impressive inflows in the XRP ETFs lead to the withdrawal of about 4.95 billion XRP from circulation, XRP’s market cap could surge from $150 billion to a staggering $1 trillion.
According to data provided by the on-chain analytics platform XRPSCAN, XRP has seen its burn rate skyrocket significantly by 60.87% in the last 24 hours.
Following this impressive growth, the amount of XRP burned as fees has increased from the 667 tokens recorded yesterday to 1,073 XRP today.
While the surge has seen XRP burns return to level above the thousand mark after multiple days of bare lows, the metric has restored confidence to the market as it aligns with a sharp price reversal after nearly a week of intense selling pressure.
XRP back on bull track
While XRP had plunged to $2.16 yesterday, marking one of the lowest points of its latest correction, its sudden resurgence during the latter hour of the day has got the crypto community talking.
The sudden shift has seen XRP regain momentum while ripping back above $2.30 during the same day. Following this price surge, XRP has seen its price show a daily increase of 5.24%, trading at around $2.29 as of writing time.
The increase in XRP’s burn rate, coinciding with renewed bullish sentiment, has fueled speculation that XRP may be entering a new phase, set to mirror November's anticipated price rally.
While the launch of proposed XRP ETFs appears to be drawing closer, market watchers have predicted that the growing momentum surrounding the already filed funds could attract more than $1 billion in inflows upon approval.
Furthermore, crypto experts have also shared analysis that if impressive inflows in the XRP ETFs lead to the withdrawal of about 4.95 billion XRP from circulation, XRP’s market cap could surge from $150 billion to a staggering $1 trillion.
Ethereum Dumping on OKX Has No Ties to SharpLink: Matt Sheffield
SharpLink Gaming Chief Information Officer (CIO) Matt Sheffield hasclarified an alleged misinformation that was circulated by Arkham Intelligence. The blockchain analytics platform had on Nov. 6 posted on X that SharpLink Gaming deposited a significant amount of Ethereum (ETH) on the OKX exchange.
Ethereum price gains despite large-scale movements
As per the post, Arkham stated that SharpLink redeemed 5,284 ETH valued at $17,520,000 and deposited part of it on OKX. The total volume of Ethereum deposited was 4,364 ETH, worth about $14,470,000.
The transaction indicates that 920 ETH were withheld at the point of making the deposit. It is unclear what the reason could be and what has happened to that amount.
According to Sheffield, the entire transaction, which was spotted by Arkham, has no connections whatsoever to SharpLink Gaming.
"This is an incorrectly tagged wallet on @arkham. Does not belong to SharpLink," he insisted.
Sheffield maintained that the wallet was mislabeled and does not actually belong to SharpLink. The clarification debunks claims that the gaming entity was moving large volumes of Ethereum for sale.
This is an incorrectly tagged wallet on @arkham. Does not belong to Sharplink. https://t.co/TQPn649NdE
— Matt Sheffield (@sheffieldreport) November 7, 2025
The clarification is critical as the general cryptocurrency industry thrives on information and tracking of asset movements. Notably, investors keep tabs on these developments to predict the price movements of assets they have invested in. It also helps in determining market trends as prices fluctuate.
Ethereum has, in the last 24 hours, recorded some gains in price. As per CoinMarketCap data, Ethereum ischanging hands at $3,448.99, which represents a 5.96% increase within this period. The asset climbed from an intraday low of $3,195.90 to hit a peak of $3,482.27.
The trading volume similarly spiked by 7.64% to $39.9 billion within the same time frame. This suggests that despite the deposit on OKX, which could have been interpreted as a sell signal, market participants remain bullish.
Mixed pattern in Ethereum market
In the broader market, BitMine Immersion Technologies (BMNR) chairman, Tom Lee, pulled a staggering 20,514 ETH valued at around $69.8 million into a self-custody wallet.
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The move is considered bullish, as Lee appears to be on along-term accumulation spree for the leading altcoin.
Interestingly, the accumulation occurred when ETH was experiencing volatility in the crypto market. However, Lee insists that the price fluctuation is a momentary event and remains positive on ETH’s outlook.
On the flip side, BlackRock has moved from accumulation tooffloading of Ethereum. The asset manager deposited $194.9 million worth of ETH on Coinbase Prime in what appears to be a large sell-off of its holdings.
Ethereum price gains despite large-scale movements
As per the post, Arkham stated that SharpLink redeemed 5,284 ETH valued at $17,520,000 and deposited part of it on OKX. The total volume of Ethereum deposited was 4,364 ETH, worth about $14,470,000.
The transaction indicates that 920 ETH were withheld at the point of making the deposit. It is unclear what the reason could be and what has happened to that amount.
According to Sheffield, the entire transaction, which was spotted by Arkham, has no connections whatsoever to SharpLink Gaming.
"This is an incorrectly tagged wallet on @arkham. Does not belong to SharpLink," he insisted.
Sheffield maintained that the wallet was mislabeled and does not actually belong to SharpLink. The clarification debunks claims that the gaming entity was moving large volumes of Ethereum for sale.
This is an incorrectly tagged wallet on @arkham. Does not belong to Sharplink. https://t.co/TQPn649NdE
— Matt Sheffield (@sheffieldreport) November 7, 2025
The clarification is critical as the general cryptocurrency industry thrives on information and tracking of asset movements. Notably, investors keep tabs on these developments to predict the price movements of assets they have invested in. It also helps in determining market trends as prices fluctuate.
Ethereum has, in the last 24 hours, recorded some gains in price. As per CoinMarketCap data, Ethereum ischanging hands at $3,448.99, which represents a 5.96% increase within this period. The asset climbed from an intraday low of $3,195.90 to hit a peak of $3,482.27.
The trading volume similarly spiked by 7.64% to $39.9 billion within the same time frame. This suggests that despite the deposit on OKX, which could have been interpreted as a sell signal, market participants remain bullish.
Mixed pattern in Ethereum market
In the broader market, BitMine Immersion Technologies (BMNR) chairman, Tom Lee, pulled a staggering 20,514 ETH valued at around $69.8 million into a self-custody wallet.
card
The move is considered bullish, as Lee appears to be on along-term accumulation spree for the leading altcoin.
Interestingly, the accumulation occurred when ETH was experiencing volatility in the crypto market. However, Lee insists that the price fluctuation is a momentary event and remains positive on ETH’s outlook.
On the flip side, BlackRock has moved from accumulation tooffloading of Ethereum. The asset manager deposited $194.9 million worth of ETH on Coinbase Prime in what appears to be a large sell-off of its holdings.
Cathie Wood 'Very Bullish' on Bitcoin as Crypto Stablecoins Hit $300 Billion
ARK Invest’s founder and CEO, Cathie Wood, reiterated her long-term optimism for Bitcoin in the November edition of In the Know podcast.
Despite recent market fluctuations, she confirmed that her $1 million price projection for Bitcoin remains unchanged.
Wood pointed to the rapid expansion of stablecoins, whose combined value has now exceeded $300 billion, as evidence of a major evolution within the digital asset sector.
She explained that while the rise of stablecoins could moderate Bitcoin’s short-term performance, their success reinforces the overall credibility and maturity of the crypto ecosystem.
Bitcoin vs. Gold: $1 million prediction
Comparing Bitcoin’s trajectory to that of gold, Wood remarked that the precious metal’s market value has roughly doubled in recent years. She suggested that Bitcoin has the potential to match or even surpass half of gold’s market capitalization, which supports ARK Invest’s continued positive stance.
Wood also acknowledged that current liquidity pressures are weighing on the digital asset market but anticipates conditions to improve around mid-December, following updates from the Federal Reserve and new U.S. employment figures.
Are the factors behind the market’s recent pullback short-term? Hear why @CathieDWood thinks so, and why December could be a turning point, on this month’s “In The Know.” https://t.co/9QOlJvfbWG
— ARK Invest (@ARKInvest) November 8, 2025
She concluded that Bitcoin’s status as “digital gold” is strengthening amid growing institutional involvement and a stabilizing macroeconomic environment, which she believes will lay the groundwork for another phase of growth heading into 2026.
Earlier, Wood reaffirmed her optimistic outlook on Bitcoin, predicting a base price of $650,000 by 2030, with the possibility of reaching as high as $1.5 million under more favorable circumstances. Wood, a prominent advocate for Bitcoin who began investing in the cryptocurrency in 2015, attributes her confidence to two primary factors driving its growth.
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This past week, BTC fell below the $100,000 mark for the first time since June 22. Bitcoin's price action has now begun to show early indications of stability.
With renewed spot demand close to the $100,000 psychological level, where buyers have continuously reappeared, the market is currently leaning neutral-to-slightly bullish.
Despite recent market fluctuations, she confirmed that her $1 million price projection for Bitcoin remains unchanged.
Wood pointed to the rapid expansion of stablecoins, whose combined value has now exceeded $300 billion, as evidence of a major evolution within the digital asset sector.
She explained that while the rise of stablecoins could moderate Bitcoin’s short-term performance, their success reinforces the overall credibility and maturity of the crypto ecosystem.
Bitcoin vs. Gold: $1 million prediction
Comparing Bitcoin’s trajectory to that of gold, Wood remarked that the precious metal’s market value has roughly doubled in recent years. She suggested that Bitcoin has the potential to match or even surpass half of gold’s market capitalization, which supports ARK Invest’s continued positive stance.
Wood also acknowledged that current liquidity pressures are weighing on the digital asset market but anticipates conditions to improve around mid-December, following updates from the Federal Reserve and new U.S. employment figures.
Are the factors behind the market’s recent pullback short-term? Hear why @CathieDWood thinks so, and why December could be a turning point, on this month’s “In The Know.” https://t.co/9QOlJvfbWG
— ARK Invest (@ARKInvest) November 8, 2025
She concluded that Bitcoin’s status as “digital gold” is strengthening amid growing institutional involvement and a stabilizing macroeconomic environment, which she believes will lay the groundwork for another phase of growth heading into 2026.
Earlier, Wood reaffirmed her optimistic outlook on Bitcoin, predicting a base price of $650,000 by 2030, with the possibility of reaching as high as $1.5 million under more favorable circumstances. Wood, a prominent advocate for Bitcoin who began investing in the cryptocurrency in 2015, attributes her confidence to two primary factors driving its growth.
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This past week, BTC fell below the $100,000 mark for the first time since June 22. Bitcoin's price action has now begun to show early indications of stability.
With renewed spot demand close to the $100,000 psychological level, where buyers have continuously reappeared, the market is currently leaning neutral-to-slightly bullish.
158,000,000,000 SHIB in Mere Hours, Shiba Inu Whales Taking Profit?
While the Shiba Inu price action has suddenly turned bullish amid the broad crypto market resurgence over the last day, its on-chain activity seems to be showing no positive outlook for SHIB.
Sparking concerns among market participants, data from on-chain analytics platform CryptoQuant shows that SHIB's exchange netflow is currently sitting at around 146 billion tokens, showing a 2.2% increase over the last day.
This highlights a notable increase in the flow of tokens between wallets and exchanges, marking a bearish outlook for the asset.
Billions of SHIB return to exchanges
Following the surge in the asset’s net flow, which suggests heightening sell pressure for SHIB, the data also reveals the asset’s net outflow across all exchanges has surged to about 435 billion.
While the asset’s price action shows a bullish trajectory, these figures technically show that tokens are increasingly returned to exchanges, which contradicts its bullish price move.
It is important to note that the flow of SHIB coins has continued to decline, which is a sign of heightened selling pressure and a potential market drawdown.
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Furthermore, declines in exchange flow like this have historically been associated with potential market corrections, as it suggests that investors are selling off in preparation of further price dips.
However, the declining on-chain activity coinciding with a notable resurgence in the price of the asset suggests that whales might be taking quick profits following the price rebound after they have suffered several losses.
Over the last day, data from CoinMarketCap shows that SHIB has surged massively by 8.71%, trading at $0.00001009 as of press time.
While Shiba Inu has recorded an intraday low of $0.000009066, the sharp price surge saw it return to zero in a matter of hours. Hence, traders appear to have seized the opportunity to scoop off profits amassed during the rally as the sustainability of the price surge remains uncertain.
Sparking concerns among market participants, data from on-chain analytics platform CryptoQuant shows that SHIB's exchange netflow is currently sitting at around 146 billion tokens, showing a 2.2% increase over the last day.
This highlights a notable increase in the flow of tokens between wallets and exchanges, marking a bearish outlook for the asset.
Billions of SHIB return to exchanges
Following the surge in the asset’s net flow, which suggests heightening sell pressure for SHIB, the data also reveals the asset’s net outflow across all exchanges has surged to about 435 billion.
While the asset’s price action shows a bullish trajectory, these figures technically show that tokens are increasingly returned to exchanges, which contradicts its bullish price move.
It is important to note that the flow of SHIB coins has continued to decline, which is a sign of heightened selling pressure and a potential market drawdown.
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Furthermore, declines in exchange flow like this have historically been associated with potential market corrections, as it suggests that investors are selling off in preparation of further price dips.
However, the declining on-chain activity coinciding with a notable resurgence in the price of the asset suggests that whales might be taking quick profits following the price rebound after they have suffered several losses.
Over the last day, data from CoinMarketCap shows that SHIB has surged massively by 8.71%, trading at $0.00001009 as of press time.
While Shiba Inu has recorded an intraday low of $0.000009066, the sharp price surge saw it return to zero in a matter of hours. Hence, traders appear to have seized the opportunity to scoop off profits amassed during the rally as the sustainability of the price surge remains uncertain.
$15,100,000,000 Litecoin in 24 Hours, What's Happening?
Litecoin (LTC) posted impressive numbers in on-chain performance this week amid the fading turbulence in the cryptocurrency market. In a week that saw Bitcoin’s price tumble below the psychological $100,000 level to exchange briefly at $99,600, LTC has soared in key on-chain metrics.
Litecoin decouples from altcoin pack amid whale accumulation
Ashighlighted by Santiment, a blockchain analytics platform, Litecoin is outperforming most of the altcoins in the crypto market. Notably, LTC’s upsurge saw it breach the $100 resistance level, with the coin trading above it for a while on Nov. 7.
The uptick came as Litecoin decoupled from other altcoins and outperformed assets like Ethereum, Solana, XRP and others. This saw Litecoin change hands at over $102, a jump of over 16.2% in a single day.
⚡️ Litecoin has decoupled above the already roaring altcoin pack to end the week, jumping +16.2% Friday and returning above $102. The strongest arguments the rally can continue are:🐳 +6% More 100K+ $LTC wallets (whales) in 3 months💸 ATH of $15.1B in daily on-chain volume pic.twitter.com/wO59tc16cR
— Santiment (@santimentfeed) November 8, 2025
The coin climbed from a low of $86.10 to hit a peak of $104.46 within 24 hours as investors actively engaged the asset with rekindled interest.
As of this writing, there has been a slight correction, and Litecoin currentlychanges hands at $98.86, which represents an 11.26% increase in the last 24 hours. Trading volume remains high by 190.03% at $1.73 billion within the same time frame.
Despite the slight correction, market participants remain bullish on a continued rally amid positive indicators. Primarily, Litecoin wallets with over 100,000 LTC have recorded a more than 6% spike in the last 90 days.
The increase in the number of Litecoin whales suggests that these large holders are accumulating LTC, which could impact the coin positively.
Interestingly, the increased engagement from large holders pushed daily on-chain volume to a new all-time high (ATH). Litecoin hit a record ATH of $15.1 billion in daily transaction volume, signaling that both whales and retail traders doubled down on accumulation.
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The figures reflect growth in investor interest and network usage, while the broader market sentiment in the crypto space was cautious.
Can Litecoin reclaim $130 amid exchange expansion?
It is worth noting that Litecoin is still far from the levels it exchanged at about 30 days ago, in October. At the time, LTC tradedabove $130 per coin. Investors might be in the current accumulation as they anticipate that the asset could reclaim higher levels amid renewed interest.
The uptick in daily volume could also be a result ofCoinbase’s expansion to U.K. users with Litecoin in the spotlight. The exchange made a recent expansion move to users in the U.K. as part of its plans to extend its services to the European market.
Litecoin decouples from altcoin pack amid whale accumulation
Ashighlighted by Santiment, a blockchain analytics platform, Litecoin is outperforming most of the altcoins in the crypto market. Notably, LTC’s upsurge saw it breach the $100 resistance level, with the coin trading above it for a while on Nov. 7.
The uptick came as Litecoin decoupled from other altcoins and outperformed assets like Ethereum, Solana, XRP and others. This saw Litecoin change hands at over $102, a jump of over 16.2% in a single day.
⚡️ Litecoin has decoupled above the already roaring altcoin pack to end the week, jumping +16.2% Friday and returning above $102. The strongest arguments the rally can continue are:🐳 +6% More 100K+ $LTC wallets (whales) in 3 months💸 ATH of $15.1B in daily on-chain volume pic.twitter.com/wO59tc16cR
— Santiment (@santimentfeed) November 8, 2025
The coin climbed from a low of $86.10 to hit a peak of $104.46 within 24 hours as investors actively engaged the asset with rekindled interest.
As of this writing, there has been a slight correction, and Litecoin currentlychanges hands at $98.86, which represents an 11.26% increase in the last 24 hours. Trading volume remains high by 190.03% at $1.73 billion within the same time frame.
Despite the slight correction, market participants remain bullish on a continued rally amid positive indicators. Primarily, Litecoin wallets with over 100,000 LTC have recorded a more than 6% spike in the last 90 days.
The increase in the number of Litecoin whales suggests that these large holders are accumulating LTC, which could impact the coin positively.
Interestingly, the increased engagement from large holders pushed daily on-chain volume to a new all-time high (ATH). Litecoin hit a record ATH of $15.1 billion in daily transaction volume, signaling that both whales and retail traders doubled down on accumulation.
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The figures reflect growth in investor interest and network usage, while the broader market sentiment in the crypto space was cautious.
Can Litecoin reclaim $130 amid exchange expansion?
It is worth noting that Litecoin is still far from the levels it exchanged at about 30 days ago, in October. At the time, LTC tradedabove $130 per coin. Investors might be in the current accumulation as they anticipate that the asset could reclaim higher levels amid renewed interest.
The uptick in daily volume could also be a result ofCoinbase’s expansion to U.K. users with Litecoin in the spotlight. The exchange made a recent expansion move to users in the U.K. as part of its plans to extend its services to the European market.
Coinbase Announces Listing for BNB's Aster Token: Details
Major crypto exchange Coinbase has announced it has added BNB Chain-based Aster Token to its listing road map.
Coinbase Markets posted in a recent tweet that Aster (ASTER) has been added to its road map. As with Coinbase's listing road map, this signals intent rather than immediate availability.
Assets added to the roadmap today: Aster (ASTER)https://t.co/lyEugQo7Cv
— Coinbase Markets 🛡️ (@CoinbaseMarkets) November 7, 2025
The launch of trading for assets in the road map is contingent on market-making support and sufficient technical infrastructure. Coinbase stated that trading will be announced separately once the said conditions are met.
The timing of Aster's listing on Coinbase remains significant as the crypto exchange opens its doors wider to BNB Chain-based tokens, starting with the BNB token itself.
In October, Coinbase listed the BNB token on its platform, a move that attracted widespread attention as BNB anchors BNB Chain, tied to Binance, Coinbase’s biggest rival. That same month, Coinbase introduced "The Blue Carpet," a new suite of products and services that streamline and enhance support for asset issuers starting from the first application to long after listing, and also offers direct access to Coinbase’s Listings Team.
Aster token
ASTER is a rebranded derivative platform token (formerly APX) with a max supply of 8 billion, focusing on community incentives and decentralized exchange features.
Aster stole the spotlight with a 2,800% surge in late September, reaching an all-time high of $2.42 on Sept. 24.
Binance co-founder Changpeng (CZ) Zhao's tweets, in one of which he described ASTER’s launch as a "strong start," boosted the token; with CZ clarifying afterward that he was not the token's creator amid speculations.
In the most recent move, which seemed like a vote of confidence on the token, CZ revealed he had bought nearly 2 million Aster tokens, sending a wave of speculative demand across the market.
At the time of writing, Aster was up 3.51% in the last 24 hours to $1.04.
Coinbase Markets posted in a recent tweet that Aster (ASTER) has been added to its road map. As with Coinbase's listing road map, this signals intent rather than immediate availability.
Assets added to the roadmap today: Aster (ASTER)https://t.co/lyEugQo7Cv
— Coinbase Markets 🛡️ (@CoinbaseMarkets) November 7, 2025
The launch of trading for assets in the road map is contingent on market-making support and sufficient technical infrastructure. Coinbase stated that trading will be announced separately once the said conditions are met.
The timing of Aster's listing on Coinbase remains significant as the crypto exchange opens its doors wider to BNB Chain-based tokens, starting with the BNB token itself.
In October, Coinbase listed the BNB token on its platform, a move that attracted widespread attention as BNB anchors BNB Chain, tied to Binance, Coinbase’s biggest rival. That same month, Coinbase introduced "The Blue Carpet," a new suite of products and services that streamline and enhance support for asset issuers starting from the first application to long after listing, and also offers direct access to Coinbase’s Listings Team.
Aster token
ASTER is a rebranded derivative platform token (formerly APX) with a max supply of 8 billion, focusing on community incentives and decentralized exchange features.
Aster stole the spotlight with a 2,800% surge in late September, reaching an all-time high of $2.42 on Sept. 24.
Binance co-founder Changpeng (CZ) Zhao's tweets, in one of which he described ASTER’s launch as a "strong start," boosted the token; with CZ clarifying afterward that he was not the token's creator amid speculations.
In the most recent move, which seemed like a vote of confidence on the token, CZ revealed he had bought nearly 2 million Aster tokens, sending a wave of speculative demand across the market.
At the time of writing, Aster was up 3.51% in the last 24 hours to $1.04.
Dogecoin (DOGE) Price Rockets 9.18% Amid Massive 385% Liquidation Imbalance
Dogecoin is showing strong momentum this weekend as the original meme coin surges amid renewed market excitement and significant liquidation imbalances.
At press time, DOGE trades at $0.1813, up 9.18% over the past 24 hours, with its market cap climbing to $27.5 billion.
Trading volume has jumped 80% to $3.39 billion, and the volume-to-market-cap ratio of 12.38% reflects heightened activity and investor enthusiasm.
In the meantime, data from CoinGlass shows a remarkable 385% liquidation imbalance, with over $8 million short positions liquidated.
The power of Musk's X
Elon Musk once again sparked a Dogecoin rally with a brief post on X, declaring “It is time,” in reference to an older tweet about “putting a literal Dogecoin on the literal moon.”
It’s time 😀
— Elon Musk (@elonmusk) November 3, 2025
The message quickly reignited bullish sentiment, recalling Musk’s influence during the 2021 rallies when Dogecoin surged 339% and later peaked at $0.682. Despite celebrity support, however, Dogecoin’s mainstream payment adoption remains limited.
Crypto investors' confidence
Investor optimism is also growing as Bitwise moves closer to launching the first Dogecoin spot ETF. The firm removed a “delaying amendment” from its SEC filing, paving the way for approval within 20 days if unopposed.
Looks like Bitwise is doing the 8(a) move for their spot Dogecoin ETF, which basically means they plan on going effective in 20 days barring an intervention. pic.twitter.com/y8jyxbYKXQ
— Eric Balchunas (@EricBalchunas) November 6, 2025
Bloomberg’s Eric Balchunas suggested the ETF could debut by late November, a milestone that would bring institutional exposure to DOGE and further validate its market presence.
Dogecoin price prediction
After retreating from $0.22 in late October, DOGE price has recovered to around $0.18, with Polymarket assigning a 61% chance it regains $0.20 this month.
The token faces resistance between $0.19 and $0.21, where the 20-, 50-, and 200-day moving averages converge. A breakout could push DOGE toward $0.25, though sustained momentum will be required to overcome this technical ceiling.
With Musk’s renewed attention, rising volumes, and ETF speculation driving demand, Dogecoin appears well-positioned for further upside if bullish sentiment persists.
At press time, DOGE trades at $0.1813, up 9.18% over the past 24 hours, with its market cap climbing to $27.5 billion.
Trading volume has jumped 80% to $3.39 billion, and the volume-to-market-cap ratio of 12.38% reflects heightened activity and investor enthusiasm.
In the meantime, data from CoinGlass shows a remarkable 385% liquidation imbalance, with over $8 million short positions liquidated.
The power of Musk's X
Elon Musk once again sparked a Dogecoin rally with a brief post on X, declaring “It is time,” in reference to an older tweet about “putting a literal Dogecoin on the literal moon.”
It’s time 😀
— Elon Musk (@elonmusk) November 3, 2025
The message quickly reignited bullish sentiment, recalling Musk’s influence during the 2021 rallies when Dogecoin surged 339% and later peaked at $0.682. Despite celebrity support, however, Dogecoin’s mainstream payment adoption remains limited.
Crypto investors' confidence
Investor optimism is also growing as Bitwise moves closer to launching the first Dogecoin spot ETF. The firm removed a “delaying amendment” from its SEC filing, paving the way for approval within 20 days if unopposed.
Looks like Bitwise is doing the 8(a) move for their spot Dogecoin ETF, which basically means they plan on going effective in 20 days barring an intervention. pic.twitter.com/y8jyxbYKXQ
— Eric Balchunas (@EricBalchunas) November 6, 2025
Bloomberg’s Eric Balchunas suggested the ETF could debut by late November, a milestone that would bring institutional exposure to DOGE and further validate its market presence.
Dogecoin price prediction
After retreating from $0.22 in late October, DOGE price has recovered to around $0.18, with Polymarket assigning a 61% chance it regains $0.20 this month.
The token faces resistance between $0.19 and $0.21, where the 20-, 50-, and 200-day moving averages converge. A breakout could push DOGE toward $0.25, though sustained momentum will be required to overcome this technical ceiling.
With Musk’s renewed attention, rising volumes, and ETF speculation driving demand, Dogecoin appears well-positioned for further upside if bullish sentiment persists.
Dogecoin Forms Strong Resistance Around $0.20, Price Rally Next?
As of yesterday, the broad crypto market has seen a sudden shift in sentiment with leading cryptocurrencies showing rapid price resurgence after about a week of facing severe corrections. In the middle of this, a new support level has been identified for the world’s leading meme cryptocurrency, Dogecoin.
On Saturday, Nov. 8, popular crypto analyst Ali Martinezshowcased an on-chain analysis from Glassnode, which suggests a new resistance level for Dogecoin amid the unstable market conditions.
11,120,000,000 DOGE purchases around $0.20
Notably, a cost-basis distribution heat map from the analytics firm reveals that Dogecoin (DOGE) is facing a critical resistance zone at the $0.20 level, where over 11.12 billion DOGE have been accumulated by investors.
With the heat map showcasing a heavy concentration of Dogecoin holdings around the $0.20 price range, it appears that a large number of holders bought DOGE at or near the $0.20 level. Thus, it has created a significant supply barrier around that zone.
Usually, as observed in other cryptocurrencies, when the price revisits levels like this, previously trapped holders often sell to break even, causing a barrier for the price to move beyond that zone. As such, this turns the area into strong resistance.
While recent weeks have seen Dogecoin experience heightened price volatility, the asset has failed at its multiple attempts to reclaim higher ranges. Hence, the price has once again dropped below this heavy resistance band.
What's next for DOGE?
While the on-chain data suggests that buyers who previously accumulated DOGE at $0.20 may need renewed bullish momentum to deliberately push its price above that level, speculators suggest Dogecoin might have already activated its bear season.
Although yesterday’s sudden rebound has restored a bit of hope to Dogecoin traders, Dogecoin is still maintaining a close below that level, trading at around $0.18 despite seeing a notable surge of over 7%.
Nonetheless, market watchers are optimistic that ifDogecoin manages to break through this resistance zone with strong trading volume, it could trigger a fresh price rally and help it overcome the $0.20 wall.
On Saturday, Nov. 8, popular crypto analyst Ali Martinezshowcased an on-chain analysis from Glassnode, which suggests a new resistance level for Dogecoin amid the unstable market conditions.
11,120,000,000 DOGE purchases around $0.20
Notably, a cost-basis distribution heat map from the analytics firm reveals that Dogecoin (DOGE) is facing a critical resistance zone at the $0.20 level, where over 11.12 billion DOGE have been accumulated by investors.
With the heat map showcasing a heavy concentration of Dogecoin holdings around the $0.20 price range, it appears that a large number of holders bought DOGE at or near the $0.20 level. Thus, it has created a significant supply barrier around that zone.
Usually, as observed in other cryptocurrencies, when the price revisits levels like this, previously trapped holders often sell to break even, causing a barrier for the price to move beyond that zone. As such, this turns the area into strong resistance.
While recent weeks have seen Dogecoin experience heightened price volatility, the asset has failed at its multiple attempts to reclaim higher ranges. Hence, the price has once again dropped below this heavy resistance band.
What's next for DOGE?
While the on-chain data suggests that buyers who previously accumulated DOGE at $0.20 may need renewed bullish momentum to deliberately push its price above that level, speculators suggest Dogecoin might have already activated its bear season.
Although yesterday’s sudden rebound has restored a bit of hope to Dogecoin traders, Dogecoin is still maintaining a close below that level, trading at around $0.18 despite seeing a notable surge of over 7%.
Nonetheless, market watchers are optimistic that ifDogecoin manages to break through this resistance zone with strong trading volume, it could trigger a fresh price rally and help it overcome the $0.20 wall.
$100,000 Bitcoin Is 'Do or Die,' Warns Top Bloomberg Expert
Bitcoin's $100,000 line is not a victory lap anymore — it is a stress test.Mike McGlone of Bloomberg Intelligence says what is happening now looks a lot like what happens before a market breaks.
Stocks are relatively calm, volatility is at historic lows, and Bitcoin, despite its reputation for chaos, does not have much price movement.
McGlone's latest Bloomberg note calls this "extreme complacency." His chart pairs Bitcoin's 50-week moving trendline against the Cboe Volatility Index and the S&P 500's realized volatility — two metrics that rarely stay this calm for long.
The VIX 50-week average is about 19, and McGlone thinks equities could soon "catch up" to it, meaning turbulence might be closer than traders think.
"Do or Die"
Bitcoin, on the other hand, has been stuck around $100,000 after not being able to go above $110,000. McGlone's phrasing — "Do or Die" — sums up the situation: eitherBitcoin holds this level and proves its worth, or it slides back to its long-term average near $56,000.
Every major Bitcoin cycle cools at this exact stage, when the hype dies down and charts start showing "mean reversion."
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The correlation charts are another red flag.Bitcoin's link to the S&P 500 remains above 0.53, suggesting the "digital gold" still follows Wall Street's trends. If the stock market wakes up from its recent downturn, Bitcoin's current calm might change — and the next move could show how much the $100,000 milestone is really worth.
Stocks are relatively calm, volatility is at historic lows, and Bitcoin, despite its reputation for chaos, does not have much price movement.
McGlone's latest Bloomberg note calls this "extreme complacency." His chart pairs Bitcoin's 50-week moving trendline against the Cboe Volatility Index and the S&P 500's realized volatility — two metrics that rarely stay this calm for long.
The VIX 50-week average is about 19, and McGlone thinks equities could soon "catch up" to it, meaning turbulence might be closer than traders think.
"Do or Die"
Bitcoin, on the other hand, has been stuck around $100,000 after not being able to go above $110,000. McGlone's phrasing — "Do or Die" — sums up the situation: eitherBitcoin holds this level and proves its worth, or it slides back to its long-term average near $56,000.
Every major Bitcoin cycle cools at this exact stage, when the hype dies down and charts start showing "mean reversion."
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The correlation charts are another red flag.Bitcoin's link to the S&P 500 remains above 0.53, suggesting the "digital gold" still follows Wall Street's trends. If the stock market wakes up from its recent downturn, Bitcoin's current calm might change — and the next move could show how much the $100,000 milestone is really worth.
XRP out of 1,000,000,000 Club in Key Growth Metric: What It Means
XRP has formally fallen below the one billion daily payment volume threshold, a significant technical and symbolic milestone that highlights the network’s waning transactional momentum. Payment volume has dropped to 903 million XRP, according to data from XRP Ledger metrics, and the number of transactions has also decreased to about 1.98 million. This drop coincides with weakening price movement and rising skepticism about the token’s immediate prospects.
XRP has not improved
On-chain activity provides a clear picture: since late October, there has been a gradual decline in both the total transfer volume and the number of executed transactions, reversing a brief recovery wave. In the past, a cooling off in network utility, fewer inter-account transfers and decreasing transactional throughput throughout Ripple’s ecosystem has been indicated when XRP payment volume falls below the one billion threshold.
In terms of price, XRP has not improved. The token, which is currently trading at $2.17, is having difficulty holding onto important support levels following an earlier attempt this week to break above $2.50. According to the daily chart, XRP is in a sharp decline, with the 200-day EMA becoming solid resistance. The RSI is close to 35, indicating that bearish pressure is still strong but also pointing to a slight oversold situation that might encourage a technical recovery.
XRP's plummeting on-chain activity
Expectations in the near future are muted due to a combination of deteriorating fundamentals and ongoing selling pressure. It is unlikely that market sentiment will change significantly unless XRP can regain transactional traction and maintain payment volumes above $1 billion. The decline in on-chain activity also suggests that institutional usage, which is frequently cited as XRP’s primary motivator, might be temporarily pausing.
Even though XRP is still one of the most well-known digital assets in the industry, its present trajectory appears to be stagnant. Investors should prepare for further sideways-to-downward movement in the upcoming weeks, with a possible recovery only if payment volumes regain the lost billion-level milestone, unless there is a significant technical reversal or a resurgence in real transactional demand.
XRP has not improved
On-chain activity provides a clear picture: since late October, there has been a gradual decline in both the total transfer volume and the number of executed transactions, reversing a brief recovery wave. In the past, a cooling off in network utility, fewer inter-account transfers and decreasing transactional throughput throughout Ripple’s ecosystem has been indicated when XRP payment volume falls below the one billion threshold.
In terms of price, XRP has not improved. The token, which is currently trading at $2.17, is having difficulty holding onto important support levels following an earlier attempt this week to break above $2.50. According to the daily chart, XRP is in a sharp decline, with the 200-day EMA becoming solid resistance. The RSI is close to 35, indicating that bearish pressure is still strong but also pointing to a slight oversold situation that might encourage a technical recovery.
XRP's plummeting on-chain activity
Expectations in the near future are muted due to a combination of deteriorating fundamentals and ongoing selling pressure. It is unlikely that market sentiment will change significantly unless XRP can regain transactional traction and maintain payment volumes above $1 billion. The decline in on-chain activity also suggests that institutional usage, which is frequently cited as XRP’s primary motivator, might be temporarily pausing.
Even though XRP is still one of the most well-known digital assets in the industry, its present trajectory appears to be stagnant. Investors should prepare for further sideways-to-downward movement in the upcoming weeks, with a possible recovery only if payment volumes regain the lost billion-level milestone, unless there is a significant technical reversal or a resurgence in real transactional demand.
Crypto Market Prediction: Ethereum (ETH) Lost the Price Battle, XRP Time-Traveled to 2024, Is Dog...
Liquidity is still quite thin on the cryptocurrency market. The lack of premium from the U.S. suggests a lack of institutional inflows, which clearly affects the largest assets, like Ethereum and XRP. But the lack of movement is translated into the performance of smaller caps like Dogecoin, too.
Ethereum loses momentum
One thing we can safely say from Ethereum’s most recent price performance: the asset has lost the momentum battle it was fervently attempting to win. ETH is currently trading at about $3,230, down about 2.3% on the day, and well below crucial resistance levels that had previously offered hope for a recovery following multiple unsuccessful attempts to regain higher ground.
Ethereum briefly tested the $3,600-$3,800 range earlier in the month, but it was unable to maintain upward pressure and instead rolled over due to heavy selling volume. The 200-day EMA (black line) at about $3,600 has now turned into resistance. Previously, this level served as a basis for a recovery.
The daily chart’s declining structure, which is indicated by a series of lower highs and waning buying interest, validates the overall bearish sentiment shift. Red candle volume spikes raise additional concerns because they imply that sellers are still in charge. On a market that is not exhibiting any indications of significant accumulation, the RSI hovering around 31 suggests that ETH is approaching oversold territory.
Even though there may be a brief respite, the current downward trend is unlikely to be reversed unless general market conditions improve. Technically speaking, $3,000 is the next significant support, and $2,800 is a more psychological barrier. If Ethereum is unable to maintain those levels, it is more likely that it will drop to $2,500, which would eliminate most of the gains from the midyear rally.
In summary, the price movement of Ethereum has significantly shifted away from the bulls. Yes, the asset is getting oversold, but cheap does not always equate to ready to recover. Without fresh demand, ETH is still susceptible to additional downward pressure, which serves as a sobering reminder that momentum is difficult to regain once it is lost.
XRP is back, but not really
The price movement of XRP over the last week appears to be a trip through time. The token is currently trading at about $2.18, a level not seen since December 2024 or the early months of 2025, effectively erasing months of progress.
Following several unsuccessful attempts at a breakout and months of relative stability, XRP has returned to a price range that served as the basis for its previous bull run. There is context to this decline. A rising wedge formation — a bearish continuation pattern that usually indicates more downside ahead has clearly broken down on the chart.
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Every recent attempt at recovery has been effectively capped by the 200-day EMA, which once served as strong dynamic support but is now firm resistance around $2.50-$2.60. The 20-day, 50-day and 100-day shorter moving averages are all sloping lower, indicating persistent selling pressure. The bearish tone is further reinforced by volume spikes on red candles, as major market participants continue to sell their positions.
Although the RSI at 36 indicates that XRP is getting close to oversold conditions, an impending rebound is not always implied. There is still little momentum, and there is not yet a distinct demand zone below present levels. This same area served as the starting point for XRP’s significant rally back in late 2024, but the situation is different now.
Investor confidence has declined, market liquidity is reduced, and Ripple’s network metrics have cooled especially in transaction volume and active payments. XRP may retest at $2.00 or even $1.80 in the upcoming weeks if this bearish structure holds. Given how oversold the token is getting, a bounce is conceivable, but overall sentiment is similar to late 2024’s stagnation, indicating that XRP may be forced to revisit its past before making a significant comeback.
Is Dogecoin stuck?
For investors, Dogecoin’s recent market performance presents a cautious but somewhat optimistic picture. After a severe correction that pulled it down from the $0.22 zone in late October, DOGE is now trading at about $0.161. In an effort to find stability in the face of wider market weakness, the price is currently consolidating close to short-term support levels.
All of the major moving averages, including the 50-day, 100-day and 200-day EMAs, are trending lower on the daily chart, indicating that Dogecoin is clearly in a downtrend. Bulls will require significant momentum to overcome the $0.18-$0.20 resistance zone, as these moving averages have essentially created a ceiling above the price.
However, DOGE is getting close to oversold conditions, which frequently precede short-term rebounds, as indicated by the RSI hovering around 38. The recent sell-off may have used up all of the immediate selling pressure from a structural standpoint. A certain amount of accumulation is implied by the increased trading volume around $0.16, possibly from traders hoping for a relief rally.
The psychological $0.20 mark may be the next upside target if buying strength increases. It is important to remember, though, that Dogecoin’s potential for recovery is largely dependent on the general mood of the market as well as liquidity flows into significant assets like Bitcoin and Ethereum.
Ethereum loses momentum
One thing we can safely say from Ethereum’s most recent price performance: the asset has lost the momentum battle it was fervently attempting to win. ETH is currently trading at about $3,230, down about 2.3% on the day, and well below crucial resistance levels that had previously offered hope for a recovery following multiple unsuccessful attempts to regain higher ground.
Ethereum briefly tested the $3,600-$3,800 range earlier in the month, but it was unable to maintain upward pressure and instead rolled over due to heavy selling volume. The 200-day EMA (black line) at about $3,600 has now turned into resistance. Previously, this level served as a basis for a recovery.
The daily chart’s declining structure, which is indicated by a series of lower highs and waning buying interest, validates the overall bearish sentiment shift. Red candle volume spikes raise additional concerns because they imply that sellers are still in charge. On a market that is not exhibiting any indications of significant accumulation, the RSI hovering around 31 suggests that ETH is approaching oversold territory.
Even though there may be a brief respite, the current downward trend is unlikely to be reversed unless general market conditions improve. Technically speaking, $3,000 is the next significant support, and $2,800 is a more psychological barrier. If Ethereum is unable to maintain those levels, it is more likely that it will drop to $2,500, which would eliminate most of the gains from the midyear rally.
In summary, the price movement of Ethereum has significantly shifted away from the bulls. Yes, the asset is getting oversold, but cheap does not always equate to ready to recover. Without fresh demand, ETH is still susceptible to additional downward pressure, which serves as a sobering reminder that momentum is difficult to regain once it is lost.
XRP is back, but not really
The price movement of XRP over the last week appears to be a trip through time. The token is currently trading at about $2.18, a level not seen since December 2024 or the early months of 2025, effectively erasing months of progress.
Following several unsuccessful attempts at a breakout and months of relative stability, XRP has returned to a price range that served as the basis for its previous bull run. There is context to this decline. A rising wedge formation — a bearish continuation pattern that usually indicates more downside ahead has clearly broken down on the chart.
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Every recent attempt at recovery has been effectively capped by the 200-day EMA, which once served as strong dynamic support but is now firm resistance around $2.50-$2.60. The 20-day, 50-day and 100-day shorter moving averages are all sloping lower, indicating persistent selling pressure. The bearish tone is further reinforced by volume spikes on red candles, as major market participants continue to sell their positions.
Although the RSI at 36 indicates that XRP is getting close to oversold conditions, an impending rebound is not always implied. There is still little momentum, and there is not yet a distinct demand zone below present levels. This same area served as the starting point for XRP’s significant rally back in late 2024, but the situation is different now.
Investor confidence has declined, market liquidity is reduced, and Ripple’s network metrics have cooled especially in transaction volume and active payments. XRP may retest at $2.00 or even $1.80 in the upcoming weeks if this bearish structure holds. Given how oversold the token is getting, a bounce is conceivable, but overall sentiment is similar to late 2024’s stagnation, indicating that XRP may be forced to revisit its past before making a significant comeback.
Is Dogecoin stuck?
For investors, Dogecoin’s recent market performance presents a cautious but somewhat optimistic picture. After a severe correction that pulled it down from the $0.22 zone in late October, DOGE is now trading at about $0.161. In an effort to find stability in the face of wider market weakness, the price is currently consolidating close to short-term support levels.
All of the major moving averages, including the 50-day, 100-day and 200-day EMAs, are trending lower on the daily chart, indicating that Dogecoin is clearly in a downtrend. Bulls will require significant momentum to overcome the $0.18-$0.20 resistance zone, as these moving averages have essentially created a ceiling above the price.
However, DOGE is getting close to oversold conditions, which frequently precede short-term rebounds, as indicated by the RSI hovering around 38. The recent sell-off may have used up all of the immediate selling pressure from a structural standpoint. A certain amount of accumulation is implied by the increased trading volume around $0.16, possibly from traders hoping for a relief rally.
The psychological $0.20 mark may be the next upside target if buying strength increases. It is important to remember, though, that Dogecoin’s potential for recovery is largely dependent on the general mood of the market as well as liquidity flows into significant assets like Bitcoin and Ethereum.
Fidelity's Timmer Expects Bitcoin to Rally After Gold
Jurrien Timmer, director of global macro at Boston-based investment giant Fidelity, hasopined that Bitcoin might "pick up the slack" now that gold's rally has faltered.
"The price of gold continues to work off what in retrospect looks a lot like a blow-off that was not quite justified by the rise in liquidity," Timmer noted, predicting that the lustrous metal will now experience a prolonged period of churn.
He has noted that their Sharpe ratios, which measure the risk-adjusted performance of the two assets, have been moving in opposite directions for some time now.
"Here is to adulthood!"
Asreported by U.Today, Timmer previously claimed that Bitcoin was comparable to Dr Jekyll and Mr Hyde, the characters of the popular gothic horror novella written by Scottish novelist Robert Louis Stevenson, in the sense that it can simultaneously act as a risk-on and a risk-off asset.
In his most recent post, the prominent analyst claims that Bitcoin is "becoming a more mature and less precocious asset class."
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He has also noted that the current uptrend is a "normal" exponential one instead of a euphoria-driven parabola, which would be typical for the cryptocurrency's earlier cycles.
Timmer vs. McGlone
At the same time,Mike McGlone, chief commodity strategist at Bloomberg Intelligence, recentlypredicted that Bitcoin could potentially lose as much as 60% of its value against gold.
In May, as reported by U.Today, Timmer claimed that the yellow metal could pass the baton to its digital rival in the second half of the year. However, this did not happen, and Bitcoin bears have been mostly vindicated.
Despite the recent pullback, gold is still up by a whopping 54% on a year-to-date basis. In the meantime, Bitcoin is barely managing to remain in the green with an extremely modest 2025 gain of roughly 9%.
According to CoinGecko data, Bitcoin is currently changing hands at $103,285 after briefly plunging below the make-it-or-break-it $100,000 level yet again earlier this Friday.
"The price of gold continues to work off what in retrospect looks a lot like a blow-off that was not quite justified by the rise in liquidity," Timmer noted, predicting that the lustrous metal will now experience a prolonged period of churn.
He has noted that their Sharpe ratios, which measure the risk-adjusted performance of the two assets, have been moving in opposite directions for some time now.
"Here is to adulthood!"
Asreported by U.Today, Timmer previously claimed that Bitcoin was comparable to Dr Jekyll and Mr Hyde, the characters of the popular gothic horror novella written by Scottish novelist Robert Louis Stevenson, in the sense that it can simultaneously act as a risk-on and a risk-off asset.
In his most recent post, the prominent analyst claims that Bitcoin is "becoming a more mature and less precocious asset class."
card
He has also noted that the current uptrend is a "normal" exponential one instead of a euphoria-driven parabola, which would be typical for the cryptocurrency's earlier cycles.
Timmer vs. McGlone
At the same time,Mike McGlone, chief commodity strategist at Bloomberg Intelligence, recentlypredicted that Bitcoin could potentially lose as much as 60% of its value against gold.
In May, as reported by U.Today, Timmer claimed that the yellow metal could pass the baton to its digital rival in the second half of the year. However, this did not happen, and Bitcoin bears have been mostly vindicated.
Despite the recent pullback, gold is still up by a whopping 54% on a year-to-date basis. In the meantime, Bitcoin is barely managing to remain in the green with an extremely modest 2025 gain of roughly 9%.
According to CoinGecko data, Bitcoin is currently changing hands at $103,285 after briefly plunging below the make-it-or-break-it $100,000 level yet again earlier this Friday.
Coinbase on Crypto Crash: Reset, Not End
Coinbase, the leading U.S. cryptocurrency exchange, has opined that the October sell-off wasn’t the end of the cycle, arguing that it may have been the reset that the market needed.
The exchange’s research arm has noted that excess leverage has been flushed, and fundamentals remain intact. Moreover, institutional players are quietly rotating back in.
On top of that, smart money is clustering around EVM chains, RWAs, and yield protocols, which, as Coinbase noted, leads to selective re-risking.
According to Coinbase, crypto markets have likely found a bottom since leverage levels are now healthier.
The exchange's analysts expect a slow grind upward over the next few months instead of a parabolic rally.
Institutional vs retail dynamics
Institutional players stayed largely insulated and are expected to lead the next leg up.
Retail-heavy altcoins suffered the most, and Bitcoin and Ethereum will likely dominate near-term recovery.
The exchange predicts that Bitcoin dominance could rise over the next 2–3 months before another rotation into alts.
Stablecoins and liquidity
Stablecoin supply has not expanded significantly, which suggests that capital is rotating, not new money entering.
Rebounds depend on tactical incentives and narratives until liquidity broadens.
Macro environment
When it comes to the macro backdrop, Coinbase claims that it it remains remains complex but manageable:
Fed rate cuts and easing liquidity help crypto. Risks remain from trade tensions, fiscal deficits, and potential yield spikes.
At the same time, productivity growth (boosted by AI) could offset some macro volatility, keeping risk assets supported.
The exchange’s research arm has noted that excess leverage has been flushed, and fundamentals remain intact. Moreover, institutional players are quietly rotating back in.
On top of that, smart money is clustering around EVM chains, RWAs, and yield protocols, which, as Coinbase noted, leads to selective re-risking.
According to Coinbase, crypto markets have likely found a bottom since leverage levels are now healthier.
The exchange's analysts expect a slow grind upward over the next few months instead of a parabolic rally.
Institutional vs retail dynamics
Institutional players stayed largely insulated and are expected to lead the next leg up.
Retail-heavy altcoins suffered the most, and Bitcoin and Ethereum will likely dominate near-term recovery.
The exchange predicts that Bitcoin dominance could rise over the next 2–3 months before another rotation into alts.
Stablecoins and liquidity
Stablecoin supply has not expanded significantly, which suggests that capital is rotating, not new money entering.
Rebounds depend on tactical incentives and narratives until liquidity broadens.
Macro environment
When it comes to the macro backdrop, Coinbase claims that it it remains remains complex but manageable:
Fed rate cuts and easing liquidity help crypto. Risks remain from trade tensions, fiscal deficits, and potential yield spikes.
At the same time, productivity growth (boosted by AI) could offset some macro volatility, keeping risk assets supported.
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