Crypto Today: XRP dips, Bitcoin dives under $64,000, Ethereum hovers around $2,600
Source Fxstreet
- Bitcoin loses recent gains and trades at $63,823 on Monday.
- Ethereum erases 1%, down to $2,631.
- XRP falls by more than 2% on the day, slipping under the psychologically important $0.65 level.
Bitcoin, Ethereum and XRP updates
- Bitcoin trades at $63,823 at the time of writing. Bitcoin Spot ETFs recorded inflows consistently for seven days, according to data from Farside Investors. Inflows to Spot ETFs typically represent demand among institutional investors. BTC lost over 3% value on the day, correcting over 4% from September’s monthly peak of $66,498.
- Ethereum exchanges hands at $2,601, down 2% on the day. Ethereum Spot ETFs recorded a net positive flow of $58.7 million on Friday. The altcoin erased 4.5% of its value compared to the monthly high of $2,728.60.
- XRP slips under $0.6500, a key psychological support level for holders. The altcoin declined on Monday as XRP holders speculated the likelihood of Securities & Exchange Commission’s (SEC) appeal in the Ripple lawsuit.
Chart of the day : Ethena (ENA)
Ethena (ENA), the utility token of the Ethena protocol, is one of the top trending tokens on Binance in the spot market. The token ranks in the top 10 cryptocurrencies that yielded the highest gains in the last 24 hours. ENA, which ended its multi-month downward trend on September 14, gains 2.63% on the day.
ENA is likely to extend its gains by 9.65% and rally towards the upper boundary of the Fair Value Gap (FVG) between $0.3920 and $0.4180.
The green histogram bars above the neutral line on the Moving Average Convergence Divergence (MACD) indicator show there is underlying positive momentum in ENA price trend.
ENA/USDT daily chart
In case of a correction, ENA could find support in the imbalance zone between $0.3792 and $0.3064.
Market updates
- Vitalik Buterin shared a vision to align Layer 2 and Layer 3 chains with the Ethereum blockchain in a recent blog post. This is an important development for ETH holders and users holding tokens of Layer 2 projects that are currently taking steps towards aligning the project and the chain’s utility with the Ethereum blockchain.
- PEPE, a leading meme coin, is listed on Noones Spot Exchange, according to an official announcement on X.
You can now trade @PEPE on the #NoOnes Spot Exchange! With 3 new coins added every week, we’re the ONLY #Crypto #Exchange with a 7-bullet privacy policy , letting you trade with just your name and email — the simplest #KYP ever! Why trade anywhere else? ♂️
— Noones App (@noonesapp) September 30, 2024
Check out our… pic.twitter.com/iGUo4aySuh
- Tron (TRX) successfully completed a security assessment of its Java-Tron client by ChainSecurity, a blockchain security firm. The assessment focused on key components of the blockchain to identify and resolve any vulnerabilities that could potentially affect the blockchain’s performance, including transaction execution, block generation, and consensus operations.
Industry updates
- Chainlink (LINK) further committedto Real World Asset tokenization (RWA) through an official partnership with ANZ, an Australian bank. The DeFi project will secure the cross-chain exchange of tokenized assets for the bank.
.@ChainlinkLabs is officially partnering with ANZ—a leading Australian bank with over A$1 trillion in AUM—in the Monetary Authority of Singapore's Project Guardian.#Chainlink CCIP will help enable the secure cross-chain exchange of tokenized RWAs. https://t.co/nlXJPJKjDv
— Chainlink (@chainlink) September 30, 2024
- World Liberty Financial, a project supported by former US President Donald Trump’s family office, opens Know Your Customer (KYC) verifications, according to an announcement on the official website. The website is under maintenance at the time of writing.
- On-chain data from Spot On Chain shows that the Ethereum Foundation’s wallet address sold 100 Ether on Monday through CoWSwap exchange. Former ETH sales by the organization have been criticized as they contribute to increasing the selling pressure on the token, likely negatively influencing its price.
The Ethereum Foundation sold another 100 $ETH for 262,474 $DAI about 10 minutes ago!
— Spot On Chain (@spotonchain) September 30, 2024
So far in 2024, the Ethereum Foundation has directly sold 3,766 $ETH for 10.46M $DAI via #CoWSwap at an average price of $2,777. Notably, 1,250 $ETH ($3.06M) has been sold in September alone.… https://t.co/OFQiC42V4t pic.twitter.com/PBgaBxZtjr
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.
Bitcoin lost its 200-day average — but the exit started three sessions before the CPIBitcoin fell 2.5% to about $73,400 on 11 November, an 11-week low, breaking its 200-day moving average near $73,100. The 24-hour liquidation tally reached $632 to $705 million, roughly 82% of it longs. But spot ETF outflows began three sessions earlier and USDT's market cap has shrunk $6.6 billion in 60 days — the leveraged length left before the inflation print did. A double top at 81,890 and 81,080 leaves a measured target of 69,366.
Bitcoin fell 2.5% to about $73,400 on 11 November, an 11-week low, breaking its 200-day moving average near $73,100. The 24-hour liquidation tally reached $632 to $705 million, roughly 82% of it longs. But spot ETF outflows began three sessions earlier and USDT's market cap has shrunk $6.6 billion in 60 days — the leveraged length left before the inflation print did. A double top at 81,890 and 81,080 leaves a measured target of 69,366.
Nvidia slid 7.7% after hours while AMD and Broadcom rose — the AI trade changed hands, it didn't breakNvidia closed Wednesday at 173.73, up 2.87%, then fell as much as 8.1% to 159.44 after reports that its board was preparing for a possible leadership change. The same session, the Philadelphia Semiconductor Index rose 5.7% with all 30 components higher, CoreWeave jumped 24.7% on 168% revenue growth, and Micron added 11.9%. If AI demand were being repriced, AMD and Broadcom would not be bid. This is a governance discount on one name, and 204.54 — the 200-day average — is the level that settles it.
Nvidia closed Wednesday at 173.73, up 2.87%, then fell as much as 8.1% to 159.44 after reports that its board was preparing for a possible leadership change. The same session, the Philadelphia Semiconductor Index rose 5.7% with all 30 components higher, CoreWeave jumped 24.7% on 168% revenue growth, and Micron added 11.9%. If AI demand were being repriced, AMD and Broadcom would not be bid. This is a governance discount on one name, and 204.54 — the 200-day average — is the level that settles it.
Gold hit a one-year low while central banks bought 321 tonnes — the sellers were never the ones you thinkSpot gold closed at 3,876 on Thursday, down 2.8% and its lowest close in more than a year, with an intraday low near 3,852. The dollar is at a 19-month high of 103.21 and the 10-year yield is at 5.10%, so the price move is easy to explain. What is harder to explain is who sold: central banks bought 321 tonnes in Q3, the PBoC added for a 24th straight month, ETF holdings are near a record 4,256 tonnes, and roughly 95% of the futures selling came from non-reportable and sovereign-type accounts rather than hedge funds. This piece separates the two books that have to balance.
Spot gold closed at 3,876 on Thursday, down 2.8% and its lowest close in more than a year, with an intraday low near 3,852. The dollar is at a 19-month high of 103.21 and the 10-year yield is at 5.10%, so the price move is easy to explain. What is harder to explain is who sold: central banks bought 321 tonnes in Q3, the PBoC added for a 24th straight month, ETF holdings are near a record 4,256 tonnes, and roughly 95% of the futures selling came from non-reportable and sovereign-type accounts rather than hedge funds. This piece separates the two books that have to balance.
Brent rose 3.3% and US crude stocks built 4.66 million barrels in the same weekBrent January settled at 95.82, up 3.3%, and WTI at 88.74, up 2.55%, after the US signalled it would not pursue a deal with Iran and attacks on Gulf shipping continued. In the same week, EIA data showed US crude inventories rising 4.657 million barrels against expectations of a 1.1 million draw, with gasoline up another 1.799 million. OPEC output also rebounded 1.96 million barrels a day to 27.16 million in October, led by Saudi Arabia at 10.56 million. This piece separates the geopolitical premium from the physical balance and lays out where each side of the trade is anchored.
Brent January settled at 95.82, up 3.3%, and WTI at 88.74, up 2.55%, after the US signalled it would not pursue a deal with Iran and attacks on Gulf shipping continued. In the same week, EIA data showed US crude inventories rising 4.657 million barrels against expectations of a 1.1 million draw, with gasoline up another 1.799 million. OPEC output also rebounded 1.96 million barrels a day to 27.16 million in October, led by Saudi Arabia at 10.56 million. This piece separates the geopolitical premium from the physical balance and lays out where each side of the trade is anchored.
