Market Overview - Bitcoin has experienced a downward trend, losing 1% recently and currently priced at $87K, reflecting a risk-off attitude in global markets [1] - The S&P 500 futures are down 0.19% following a 1.55% increase in the previous session, with mixed performance in Asia and flat-to-down movement in Europe [1] Sentiment Shift - A significant shift in sentiment is observed in the crypto market, with Bitcoin and gold previously rising together until October 6, driven by a "safe haven" narrative [2] - The narrative has changed, as Bitcoin and gold have diverged, with gold moving towards record highs while Bitcoin's market capitalization has fallen by approximately 24% (over $1 trillion) since its peak in October [4] Gold Performance - Gold has had an exceptional year, with prices surging over 50% in 2025, marking its best performance since 1979 [5] Factors Influencing Bitcoin and Gold - The unwinding of Bitcoin ETF trades has led to significant outflows, with hundreds of millions of dollars exiting these funds, negatively impacting Bitcoin's price [6] - Each $1 billion that exits a Bitcoin ETF results in a 3.4% decrease in Bitcoin's price [7] - Tether, the issuer of the USDT stablecoin, has become a significant buyer of gold, matching central bank buying levels, which has contributed to gold's price increase [8]

Market Overview - Bitcoin (BTC) showed initial signs of a rally during Thanksgiving week, nearly reaching $90,000 before dropping back to $87,000 [1] - The CoinDesk 20 Index (CD20) rose close to 3,000 but retreated by around 3% to 2,485.84, indicating cautious buying behavior in the crypto market [2] Market Sentiment - The Crypto Fear & Greed Index remains in "extreme fear" at a rating of 15, slightly up from 12, but still reflecting a bearish sentiment [4] - The index reached a yearly low of 10, suggesting that market movements are likely influenced more by macroeconomic factors than trader sentiment [4] Trading Dynamics - Bitcoin's recent volatility has been linked to the performance of the U.S. tech industry, with most negative profit and loss occurring during U.S. trading hours [3] - The average funding rate for holding positions has turned negative for the first time in a month, indicating a potential for a short squeeze and a possible price recovery as December approaches [5]

Core Insights - Wall Street is optimistic that the launch of altcoin exchange-traded funds (ETFs) will significantly increase the prices of XRP and Solana, with expected price increases of 33% and 10% respectively [1][2] - Institutional demand for regulated exposure to non-Bitcoin assets is growing, even amid challenging macroeconomic conditions [2] - Newly launched XRP and Solana ETFs have generated over $955 million in sales in the past month, contrasting sharply with significant sell-offs in Bitcoin and Ethereum ETFs [3] Market Dynamics - The broader crypto market has seen a 2% increase, reaching a valuation of over $3 trillion in the last 24 hours [3] - Tech stocks have contributed to a global market rally, driven by expectations of a potential Federal Reserve rate cut in December, which has positively impacted risk appetite in the crypto market [4] - The CME FedWatch tool indicates an 81% probability of a rate cut in December, reflecting a significant increase in expectations compared to the previous week [5] Current Prices - As of the latest data, Bitcoin is trading at $87,413, up 1.5% in the past 24 hours, while Ethereum is trading at $2,896, up 3.6% [7]

Photo by BeInCrypto XRP has experienced a strong resurgence over the past 48 hours, climbing 14.8% amid renewed enthusiasm surrounding the launch of spot ETFs from Grayscale and Franklin Templeton.  The heightened interest has fueled optimism among existing investors and injected fresh momentum into one of the most closely watched altcoins in the market. XRP Investors Are Bullish The debut of the new XRP ETFs has drawn significant investor attention. Data shows that on Monday alone, all XRP exchange-tra ...

Core Insights - Bitmine Immersion Technologies Inc. (NYSEAmerican:BMNR) has shown strong performance, with a 19.62% increase in stock price, closing at $31.10, following its acquisition of additional Ethereum coins, raising its total ownership value to $10.3 billion [1][2]. Group 1: Company Performance - Bitmine acquired 69,822 new Ethereum tokens last week, increasing its total Ethereum holdings to 3.6 million tokens, which represents 3% of the total supply of Ethereum [2]. - The average price of Bitmine's Ethereum tokens is $2,840 each [2]. - The company also holds 192 Bitcoins and has a $38 million stake in Eightco Holdings, which focuses on Worldcoin, along with $800 million in cash [3]. Group 2: Market Context - The recent decline in cryptocurrency prices is attributed to impaired liquidity since October 10th and weak price technicals. Current Ethereum prices are around the previously noted downside target of $2,500, indicating a potential asymmetric risk/reward scenario [4]. - The downside risk for Ethereum is estimated at 5% to 7%, while the potential upside is linked to a supercycle ahead for Ethereum [4].

Grayscale’s Dogecoin ETF (GDOG) begins trading as Bitwise’s BWOW nears approval. | Credit: Hameem Sarwar. Key Takeaways Grayscale’s new Dogecoin ETF launched with zero net flows and muted trading. Bitcoin ETFs continued their multi-week outflow streak. XRP, Solana, and Ethereum spot ETFs saw fresh inflows, reversing Friday’s broader crypto slump. Dogecoin’s long-awaited Wall Street debut arrived—and barely made a sound. Grayscale’s GDOG, the first U.S. spot Dogecoin (DOGE) exchange-traded fund (E ...

Crypto venture funding roared back in the third quarter, hitting $4.65 billion, the second-highest level since the collapse of FTX sent shockwaves through the industry in late 2022. Key Takeaways: Crypto VC funding surged 290% in Q3 to $4.65B, marking the strongest quarter since early 2023. Capital flowed mainly into stablecoins, AI, and blockchain infrastructure, with seven deals capturing half of all investment. Pre-seed activity continues to shrink as investors favor mature firms and turn toward l ...

BREAKING: Solana DEX tokens wave hits OKX app with CeDeFi. https://t.co/k8z83w17Sl ...

Group 1: Market Trends and Innovations - Wall Street is witnessing signs of breakdown in several hyped trends and innovations that have historically driven stock market growth [1][3] - The internet's arrival in the mid-1990s significantly altered the growth trajectory for American businesses and retail investors [2] - Currently, three major trends are emerging simultaneously: Artificial Intelligence (AI), Quantum Computing, and Bitcoin treasury strategy, raising concerns about potential simultaneous market bubbles in 2026 [3] Group 2: Artificial Intelligence (AI) - AI is viewed as a transformative technology that could rival the internet, enabling software to make decisions without human oversight [4] - Despite high sales growth in AI infrastructure, there are concerns about the optimization of AI solutions and the return on investment for businesses [5] - AI stock valuations are difficult to justify, with companies like Palantir Technologies (PLTR) exhibiting a trailing-12-month price-to-sales (P/S) ratio of 102, which is unsustainable historically [6][8] Group 3: Quantum Computing - Quantum computing is identified as a second potential market bubble, with stocks like IonQ, Rigetti Computing, and D-Wave Quantum experiencing significant price increases [8][9] - These companies face challenges due to the untested nature of quantum technology and the long timeline required for practical business applications [11] - Current valuations for quantum computing stocks are extremely high, with P/S ratios of 130, 906, and 246, indicating bubble territory [12] Group 4: Bitcoin Treasury Strategy - The Bitcoin treasury strategy involves companies using cash or issuing stock to purchase Bitcoin, which is perceived as a hedge against inflation [14][15] - Companies adopting this strategy are generally losing money and diluting shareholder value, raising concerns about sustainability [18][19] - Bitcoin itself is facing scrutiny regarding its real-world utility, with potential implications for the valuation of companies holding Bitcoin on their balance sheets [20]

🚨 NEW: Anthony Pompliano says Wall Street shouldn't be squeamish about Bitcoin volatility.“Over the last decade, Bitcoin has drawn down 30% or more 21 different times.” https://t.co/SE32kkNgIV ...