Leverage Shares plans to launch 3x and -3x leveraged Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) for European clients next week, despite a dip in the crypto market.
Bitcoin's (BTC) decline has been sustained by three fundamental factors, including uncertainty around a December rate cut by the US Federal Reserve (Fed), increased selling from digital asset treasuries (DATs) and growing concerns over Strategy's removal from the MSCI.
Ethereum (ETH) is down 3% on Friday, as the top altcoin faces intense selling pressure from retail and institutional US investors across the spot and derivatives markets.
Zcash (ZEC) is trading above $630 at the time of writing on Friday, after extending its intraday decline to $595. Despite ZEC's correction from a heavy supply zone at $700, the privacy-oriented token is showing signs of stability, which could see it regain momentum heading into the weekend.
Ripple (XRP) is extending its down leg below $2.00, trading at $1.87 at the time of writing on Friday. Heightened volatility and macroeconomic uncertainty are supporting the sticky risk-off sentiment in the broader cryptocurrency market.
Bitcoin (BTC) is trading below $84,000 at the time of writing on Friday, after reaching an intraday low of $82,000, driven by macroeconomic uncertainty and related risk-off sentiment.
Meme coins continue to face selling pressure at the time of writing on Friday, with Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE) extending correction nearly 8% so far this week.
Starknet (STRK), Telcoin (TEL) and MYX Finance (MYX) continued to face selling pressure on Friday as Bitcoin (BTC) slipped below $86,000, dragging smaller cryptocurrencies down. According to the CoinGecko data, STRK, TEL, and MYX have corrected by more than 18% over the last 24 hours.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) continued their downward trajectory on Friday, slipping more than 8%, 9% and 10% respectively so far this week.BTC slips below $86,000, Ethereum falls under $2,900, and XRP drops below $2, highlighting a deepening correction as bearish momentum gains co
Strategy's steep decline is more about fears that MSCI may remove the company from its index than about crypto prices, according to JP Morgan analysts in a Wednesday note.
FG Nexus, an Ethereum treasury company, has begun selling its ETH holdings to buy back shares.
Cardano (ADA) is down 2% on Thursday as whales accelerate distribution. Despite the selling activity and price decline, ADA's open interest has grown steadily over the past month.
Ripple (XRP) steadies above the critical $2.00 level on Thursday, as bulls push to regain control as volatility and bearish sentiment persist across the crypto market.
Solana (SOL) is trading above $141 at the time of writing on Thursday. The general outlook remains bearish despite a knee-jerk recovery from $130, which marked the previous day's low.
Fartcoin (FARTCOIN) is regaining strength, rising 12% by press time on Thursday, and tests the upper resistance trendline of a falling channel pattern on the daily chart.
Bitcoin (BTC) is seeking stability above $92,000 at the time of writing on Thursday. Mild inflows into BTC spot Exchange Traded Funds (ETFs) back a slight bullish outlook. However, sell-off risks could prevail due to a weak technical structure.
Bitcoin (BTC) price steadies near $92,000 at the time of writing on Thursday, holding firmly above the key psychological level of $90,000 — a zone that could support a short-term recovery if preserved.
Cosmos (ATOM) rises above the $3.00 round figure at the time of writing on Thursday, preparing for a potential breakout from a local resistance trendline.
Bitwise's Chief Investment Officer (CIO), Matt Hougan, stated that Bitcoin (BTC) remains valuable because it enables investors to store wealth digitally.
Shiba Inu (SHIB) price steadies around $0.0000086 at the time of writing on Thursday, with momentum indicators showing a clear bullish divergence, suggesting an early recovery setup.
Pi Network (PI) is up 11% so far this week, underpinned by its whitepaper on the Market in Crypto-Assets (MiCA) regulations for the European Union (EU) markets. The technical outlook remains bullish as PI exceeds the long-standing dynamic resistance, the 50-day Exponential Moving Average, preparing
Starknet (STRK) and Zcash (ZEC) jumped 20% and 10%, respectively, on Wednesday as market confidence in the privacy trend shows signs of returning.
Crypto asset manager 21Shares has launched the 21Shares Solana exchange-traded fund (ETF) on CBOE, under the ticker TSOL, offering investors access to the spot price of SOL.
Arbitrum (ARB) edges lower, trading at $0.22 at the time of writing on Wednesday amid a steady decline in the broader cryptocurrency market. Since ARB hit $0.62 in August, marking its third-quarter peak, recovery has been elusive, reflecting a sticky bearish sentiment.
Ripple (XRP) is largely in bearish hands, trading at $2.12 at the time of writing on Wednesday. A bearish wave is stirring volatility in the broader cryptocurrency market amid a prolonged sell-off.
1INCH (1INCH) price is stabilizing near $0.187 at the time of writing on Wednesday, after being rejected by the key resistance earlier this week.
Dogecoin (DOGE) is extending its decline, trading at around $0.1587 at the time of writing on Wednesday. Since the October 10 flash crash, which liquidated over $19 billion in crypto assets in a single day, the leading meme coin with a market capitalisation of $24 billion has lost 37% of its value.
Bitcoin (BTC) is struggling to hold above $91,000 at the time of writing on Wednesday, as headwinds persist in the broader cryptocurrency market. Ethereum (ETH) and Ripple (XRP) are also in the red, following in BTC's footsteps.
Aerodrome Finance (AERO) retraces by 3% at press time on Wednesday, after the 8% rise on the previous day, signaling a quick reversal in trading activity. The token buyback program amounts to over 155 million AERO tokens, resulting in a 17% decline in circulating supply.
Bitcoin (BTC) trades near the crucial $90,000 support level at the time of writing on Wednesday, and a close beneath it could open the door to further downside.