The US spot Bitcoin exchange-traded funds (ETFs) recorded a weekly outflow of staggering $1.11 billion from November 10 to 14, marking the third consecutive week of outflows. According to SoSoValue data, BlackRock’s ETF IBIT bled $532.41 million, recording the largest net outflow last week. Currently, the cumulative net inflow of IBIT funds has reached $63.79 billion. Grayscale Bitcoin Mini Trust (BTC) logged a net weekly outflow of nearly $290 million, ending November 14. Meanwhile, the fund’s total his ...

The crypto market is down today, with the cryptocurrency market capitalisation decreasing by 1.8%, now standing at $3.57 trillion. Much like yesterday, a large majority of the top 100 coins have dropped over the past 24 hours. At the same time, the total crypto trading volume is at $154 billion. TLDR: The crypto market capitalisation is down by 1.8% on Wednesday morning (UTC); 87 of the top 100 coins and 9 of the top 10 coins are down today; BTC decreased by 1% to $103,854, and ETH fell by 2.6% to $3,459; ...

Core Insights - Solana's network dominance has significantly declined, with its share of the Layer-1 transaction fee market dropping from over 50% at the beginning of the year to just 9% now, while competitors like Hyperliquid and BNB Chain have gained market share [1] - Despite recent milestones such as the launch of the Solana Staking ETF and substantial ETF inflows, the price of SOL has fallen 32% in the last 30 days, leading to a market cap of $86.57 billion [2][3] - Forward Industries, which holds a large amount of SOL, has experienced a 24.13% unrealized loss on its investment, reflecting broader market challenges [4] Market Performance - SOL is currently testing critical support levels between $155 and $160, having broken below its descending trendline [5] - Momentum indicators like MACD remain bearish, suggesting a gradual recovery unless SOL can close above the $185–$190 range [6] - If current support fails, prices could drop to the $140–$130 range, aligning with lower Bollinger Band support [6]

Market Overview - Bitcoin's price dropped to approximately $107,000, reflecting a broader market downturn, with a decline of roughly 5 percent in October, marking its first loss during the traditionally bullish "Uptober" month since 2018 [1][5] - Despite the recent drop, Bitcoin remains significantly higher compared to its level at the start of the year [1][5] Cryptocurrency Price Dynamics - The recent trade agreement between the US and China had minimal impact on cryptocurrency price growth, with Bitcoin's price on Coinbase falling below the global market average, resulting in a negative Coinbase premium [2][5] - A negative premium indicates weak market demand and increased selling pressure on Bitcoin, a trend historically associated with sustained periods of market weakness [3][5] Investor Sentiment and Economic Indicators - Investors are exercising caution ahead of the US jobs report, which is anticipated to show slower hiring while keeping unemployment steady [3][5] - Bitcoin's struggle to break the key $113,000 level signals weakening demand and potential for further declines, with the upcoming jobs report expected to shape market sentiment and guide expectations for rate cuts [5] Economic Context - During a meeting in Busan, US President Donald Trump and Chinese President Xi Jinping agreed to reduce US tariffs on Chinese goods from about 57 percent to roughly 47 percent, in exchange for China pausing new export controls on rare earths and resuming purchases of American goods [5]

Core Insights - Bitcoin and the broader crypto market experienced a temporary upward movement on October 20, but bears regained control, leading to a 3% decrease in the global crypto market cap to $3.66 trillion, with Bitcoin dropping from a high of over $111,700 to $108,000 [1] - Despite the selling pressure on Binance declining sharply, the overall Bitcoin net flows into Binance have been negative on average over the past 30 days, indicating potential accumulation phases [2] - The market remains uncertain, with Bitcoin flowing out of Binance and weak buying force, as evidenced by $108 million in USDT inflows and a net outflow of $93 million across the top 13 exchanges [3] Market Dynamics - A new 100% tariff threat on China has triggered $19.35 billion in liquidations and a $400 billion selloff, acting as a significant negative catalyst for the cryptocurrency market [4] - Upcoming macro events, including the Fed's "Payments Innovation Conference" and a pro-crypto roundtable, have not been able to sustain bullish momentum despite positive expectations [4] - The crypto market is currently driven by short-term trends and high volatility, with a need for macro clarity to enable informed investment decisions in high-risk assets [5]

Core Viewpoint - The Federal Reserve's upcoming decision on interest rate cuts, whether 25 or 50 basis points, is crucial for the Bitcoin and crypto markets, potentially reshaping the long-standing Bitcoin cycle [1] Group 1: Federal Reserve's Internal Debate - The Federal Reserve is divided on the size of the next rate cut, with Governor Chris Waller advocating for a cautious 25 basis-point cut due to economic uncertainty and softening labor markets [2] - Stephen Miran argues for a more aggressive 50 basis-point cut, citing concerns over US-China trade tensions and their impact on consumers, while anticipating a total of 75 basis points in cuts this year [3] - Minneapolis Fed President Neel Kashkari supports rate cuts as a form of "insurance" against economic downturns, highlighting the significant impact of these decisions on the US dollar and risk assets like cryptocurrencies [4] Group 2: Impact on Crypto Markets - A 25 basis-point cut may provide moderate support for crypto prices but is unlikely to trigger a significant rally, indicating a cautious Fed stance [6] - Conversely, a 50 basis-point cut could lead to a more urgent easing of monetary conditions, potentially resulting in a sharper rally in crypto markets as liquidity increases [7] - Lower interest rates generally reduce the opportunity cost of holding non-yielding assets like Bitcoin, making them more attractive to investors seeking higher returns [5]

Market Overview - The cryptocurrency market capitalization has increased by 2.3%, reaching $3.98 trillion, with a total trading volume of $246 billion [1][2] - 95 out of the top 100 coins have appreciated in value over the past 24 hours, indicating a positive market trend [1][4] Top Performers - Bitcoin (BTC) has risen by 0.8%, currently trading at $112,676, while Ethereum (ETH) has increased by 3.9% to $4,159 [2][3] - Solana (SOL) recorded the highest increase among the top coins, rising by 5.3% to $206 [3] - ChainOpera AI (COAI) saw a significant rise of 115% to $16, while Zcash (ZEC) increased by 13% to $262 [4] Market Sentiment and Reactions - The market is reacting to US Federal Reserve Chair Jerome Powell's speech, which suggested a potential end to the $6.6 trillion balance sheet reduction and the possibility of further interest rate cuts [5] - Despite the overall market gains, crypto market sentiment has dropped into the fear zone, indicating caution among traders [2] Trading Restrictions - There have been reports of major exchanges blocking small orders and restricting trading during significant market movements, leading to compensation claims in the hundreds of millions [6]

Photo by BeInCrypto Ethereum’s market sentiment continues to struggle following last Friday’s market crash, despite gradual signs of broader market improvement.  As institutional investors reduce participation, spot market participants have also trimmed their holdings. This could result in continued consolidation or a definitive breakdown of the critical $4,000 resistance level around which the coin currently trades. Ethereum Market Hits Pause Amid Record ETF Redemptions ETH-backed exchange-traded funds ...

Core Insights - Ripple's price has decreased by 3%, reaching a low of $2.78 on October 9, reflecting a broader market decline driven by Bitcoin's pullback from its all-time highs [1] - Despite the downturn, XRP bulls are actively covering positions to mitigate further losses, indicating a defensive strategy among traders [1][4] Market Activity - Short traders have dominated XRP activity, with $146 million in open short contracts compared to $95 million in long contracts, highlighting a bearish sentiment [2] - A significant cluster of leveraged long contracts, approximately $55 million, is positioned near $2.7, representing 58% of all active bullish leverage, suggesting a strong intent to defend this price level [2] Liquidation Context - Overall market liquidations reached $679 million, with Bitcoin and Ethereum experiencing the largest losses of $188 million and $181 million in liquidated long contracts, respectively [3] - XRP bulls experienced a relatively minor loss of $17 million in the last 24 hours, indicating resilience compared to lower-cap assets like Dogecoin and Plasma (XPL) [4] Technical Analysis - XRP's price setup is forming a double-bottom pattern between $2.6 and $2.8, which is typically seen as a bullish reversal signal, with a neckline around $3.1 [5] - A breakout above $3.1 could validate the double-bottom pattern and lead to a price target of $3.6, supported by momentum indicators suggesting near-oversold conditions [6] Future Projections - If the bullish leverage around $2.7 holds, XRP may rebound towards $3.1, with a potential breakout attempt towards $3.6 [7] - Conversely, failure to maintain support at $2.7 could invalidate the bullish pattern, increasing the risk of a decline towards the lower Bollinger Band at $2.50 [7]

Group 1 - The cryptocurrency market presents opportunities for income generation, particularly through option income ETFs, which are gaining interest among investors [1] - The article highlights the importance of advanced education in economics, business management, and engineering, as well as professional experience in product management and development within the high-tech industry, including advisory roles with fintech startups [1] - The focus on income-oriented investment strategies is noted, with a shift towards fund-based approaches in the investment landscape [1]