CryptoPotato

BTC, ETH, XRP Crash Again as Liquidation Wave Hits $1B

📉 Bitcoin (BTC) has dropped to a multi-month low of $73,500, while Ethereum (ETH) is nearing a critical threshold below $2,000.

💔 The cryptocurrency market is experiencing significant declines, exacerbated by recent volatility and the aftermath of the Binance hack, with many altcoins suffering even greater losses.

💸 Over 155,000 traders have faced liquidations in the past 24 hours, with total liquidated positions exceeding $1 billion, primarily affecting long positions in BTC and ETH.

Ripple (XRP) ETFs Turn Into a Ghost Town, Solana (SOL) Funds Keep Bleeding

🚫 **XRP ETFs Face Dwindling Demand:** After a brief period of net inflows in October, XRP ETFs saw a significant drop in interest, ending the first week of November with $530,000 in net outflows and the asset's price falling to multi-month lows.

📉 **Solana ETFs Struggle:** Solana ETFs experienced their worst month ever in October, with a net loss of $143.71 million, and continued to face disinterest in November, culminating in over $26 million in net outflows.

🔻 **Market Sentiment Declines:** Both XRP and SOL have seen their prices decline sharply, with XRP at around $1.15 and SOL dropping more than 18% to close at $90, reflecting deteriorating social sentiment around these assets.

Hypercall to Open Anthropic Options on Hyperliquid November 9 as IPO Timing Draws Doubts

🚀 Hypercall will launch options linked to Anthropic's pre-IPO price on November 9, allowing traders to engage in synthetic contracts that settle in cash.

📈 The options are European-style, with payouts at expiry based on a 30-minute average oracle price from Hyperliquid's perpetual futures market.

🤔 Despite plans for an IPO under the ticker ANT, investor skepticism surrounds the roadshow's timing and valuation, with concerns over the proposed $1.5 trillion valuation.

Bitcoin ETF Outflows Hit 4-Month High as Ethereum Funds Stay in the Red

💔 **Major Outflows:** Bitcoin ETFs experienced their largest net outflows since June, totaling $1.28 billion in the week following the Binance hack, with significant withdrawals occurring on multiple days.

📉 **Ethereum Struggles:** Ethereum ETFs have now seen six consecutive weeks of outflows, with a cumulative total of over $365 million leaving the funds, contributing to a sharp decline in ETH's price.

📊 **Market Impact:** The negative sentiment surrounding both Bitcoin and Ethereum ETFs has led to significant price drops, with BTC falling to a seven-week low of under $75,000 and ETH dropping below $2,250.

Ripple Price Analysis: Could XRP Crash to $1.00 Next Week as Sellers Remain in Control?

📉 XRP's price has sharply declined to around $1.16 after failing to maintain support in the $1.24–$1.28 range, indicating strong bearish momentum.

🔻 The next significant demand zone is between $1.09–$1.14, which may attract buyers, but a breakdown below this level could lead to further declines toward $0.99–$1.03.

🔄 For a potential recovery, XRP needs to reclaim the $1.18–$1.20 area; otherwise, the bearish trend is likely to continue, keeping the focus on lower demand zones.

BTC Price Analysis: Key Support Levels to Watch as Bitcoin Enters a Crucial Week

📉 Bitcoin's price has faced a strong rejection near $81K, dropping back to the $75.9K demand zone, indicating a critical test for buyers amid increasing futures activity.

🔍 The daily chart reveals Bitcoin is struggling below the ascending channel's midpoint, with a sustained close below $75K potentially leading to further declines towards $72K–$73K, while recovery above $78K is needed for a positive outlook.

⚖️ Futures volume shows heating conditions around $75.8K–$76K, suggesting heightened market participation as Bitcoin approaches support, but the lack of strong bullish momentum keeps the short-term structure fragile.

JPMorgan Stock Slides on Epstein Probe Fears: Bitcoin Has No CEO to Drag Into the Scandal

🔍 JPMorgan Chase shares dropped over 4% following reports of a Senate investigation into the bank's ties with Jeffrey Epstein, despite the bank's denial of wrongdoing.

💼 CEO Jamie Dimon has a history of criticizing Bitcoin, labeling it as a "fraud" and a "Ponzi scheme," while the bank has recently embraced crypto services and allowed institutional clients to use Bitcoin and Ethereum as collateral.

⚖️ The contrast highlights that while JPMorgan faces scrutiny for its corporate actions, Bitcoin operates without a CEO or governance structure, distancing itself from individual reputational risks.

XRP on Wall Street: Evernorth Reveals a Huge RLUSD-XRP Link

💰 Evernorth's report highlights the growing significance of RLUSD as a dollar-denominated settlement asset, emphasizing that its rise does not detract from XRP's value.

📈 The XRP Ledger (XRPL) has seen tokenized value increase from $1.76 billion in February to over $5 billion by October, positioning it as a leading network for tokenization.

🔗 Following its Nasdaq debut, Evernorth is actively managing its XRP treasury and collaborating with major crypto firms to enhance liquidity and trading strategies.

Double-Digit Altcoin Losses Mount as BTC Shows Weakness at $76K: Weekend Watch

📉 Bitcoin is facing significant price weakness, closing in the red for the fifth consecutive week, currently hovering just below $76,000 after a sharp drop from $81,000.

💔 Major altcoins are suffering double-digit losses, with NEAR, BCH, HYPE, and XLM leading the declines, while XRP, LINK, and ADA are also experiencing notable downturns.

💰 The total cryptocurrency market cap has decreased by approximately $100 billion over the week, now standing at $2.550 trillion, reflecting a challenging environment for the crypto market.

Ripple’s XRP Is Bleeding, but Whales Are Buying: Are Bulls Preparing for a Violent Reversal

🐋 Whales are back in action, accumulating nearly 16.5 million XRP tokens as prices dip to $1.15, signaling potential bullish momentum despite the current decline.

📈 The Taker Buy/Sell Ratio on Binance is rising, indicating increasing buy-side pressure, even as XRP's price continues to fall, suggesting a possible reversal is on the horizon.

🔮 Analysts are divided on XRP's future, with some predicting a significant rally ahead, while others warn of a potential drop to $1.05-$1.10 before any upward movement can occur.

Crypto Wallets Lose $700M in Revenue During H1 2026: Report

💸 Wallet revenues plummeted 60% year-over-year to approximately $400 million in H1 2026, primarily due to lower trading activity and volatile crypto prices.

🎮 Despite the decline in wallet income, the gaming and gambling sector saw an 8% revenue increase to $3.3 billion, helping to cushion the overall consumer sector's losses.

📉 Mixed results in wallet activity: Bitcoin's non-empty wallets decreased by 30,000, while Ethereum's surged past 207 million, indicating contrasting trends in network participation.

Circle Q3 Revenue Rises 17% to $865M on ARC Token Sale as Reserve Income Falls

💰 Circle's Q3 revenue surged 17% to $865 million, driven by a $182 million presale of its ARC token, significantly boosting other revenue from $29 million last year to $207 million.

📉 Reserve income dropped 8% to $658 million due to a decline in the reserve return rate, despite an 8% increase in average USDC circulation to $73.3 billion.

✂️ The company announced a 5% workforce reduction, incurring $9.1 million in restructuring charges, as part of efforts to align its operations with strategic priorities.

Ethereum Price Analysis: ETH Must Reclaim These Levels to Reverse Bearish Momentum

🔻 Ethereum is facing challenges to regain momentum after a failed breakout attempt, with current trading around $2.25K and a critical support level at $2.2K that could determine market stability.

📉 The asset has broken below its ascending channel, indicating a medium-term deterioration, and sellers have turned previous support at $2.5K into resistance, complicating bullish prospects.

📊 On-chain analysis reveals a significant drop in wallet activity, with transaction counts nearing yearly lows, suggesting a lack of demand and leaving the $2.2K support as a crucial level for buyers to defend.

XRP Community Tensions Boil Over as Ripple CEO Defends Token’s Role

🚨 **Community Outcry:** Tensions have risen in the XRP community after a critical post aimed at Ripple's leadership, expressing frustration over the company's focus on stablecoins and institutional products rather than boosting XRP's value.

💔 **Demand for Fair Value:** The commentator argues that XRP holders deserve a price of $15-$20, feeling let down after supporting Ripple through regulatory challenges, while the token struggles despite the company's partnerships with major institutions.

🔄 **Garlinghouse's Defense:** Ripple CEO Brad Garlinghouse insists that XRP remains central to the company's strategy, emphasizing that while XRP is important, other financial tools may be more suitable for certain transactions, and reaffirming that Ripple aims to modernize financial infrastructure with digital assets.

We Are Still Early: One Brutal Wall Street Session Erased More Than the Entire Crypto Market

💥 Wall Street experienced a historic sell-off, with the S&P 500 losing approximately $3 trillion in market value in just one day, marking the largest single-day decline on record.

📉 The Nasdaq saw its steepest drop since the pandemic, with a 6.4% decline, while the S&P 500 remained about $5 trillion below its October peak, highlighting a relentless selling trend.

🔍 Interestingly, the total market value wiped out from the S&P 500 exceeded the entire cryptocurrency market, which is currently valued between $2.55 trillion and $2.65 trillion, indicating the crypto market's relatively small size compared to traditional equities.

Paraguay’s Bank Collapse Exposes a Problem Bitcoin Was Built to Solve

💔 **Crisis Unfolds**: Paraguay is experiencing a severe financial and political crisis following the seizure of Ueno Bank, a major digital lender, leading to frozen accounts, protests, and an impeachment battle involving President Santiago Peña.

🏦 **Banking Turmoil**: Ueno Bank, which served around three million customers and managed approximately $850 million in public funds, faced regulatory scrutiny for failing to meet solvency requirements, resulting in criminal investigations and detentions of bank executives.

🔗 **Bitcoin's Role**: While Bitcoin can't fully resolve the banking crisis, it offers self-custody benefits, allowing users to access their funds independently of traditional banks, and serves as a potential alternative for transferring wealth internationally amid institutional distrust.

How Low Can BTC, ETH, and XRP Fall if the Crypto Sell-Off Worsens

🔻 BTC is facing potential downside risks, with analysts predicting a drop to $60,000 if it loses crucial support at $73,000, following a significant pullback from $87,000.

📉 Ethereum's outlook appears weaker, having broken below key support levels, with projections suggesting it could fall to around $1,963 if selling pressure continues.

🚨 XRP is also in a precarious position, having slipped beneath mid-range support, with analysts eyeing a possible revisit to $0.99, especially after failing to close above $1.36.

ZEC and CC Lead Altcoin Swings as BTC Settles at $76K Despite US-Iran Attacks: Weekend Watch

💰 Bitcoin stabilizes at $76,000 after a volatile week marked by significant price drops and recoveries, despite ongoing US-Iran tensions.

📈 ZEC and QNT see notable gains, with ZEC rising over 4% to $1,325 and QNT increasing by 5.3% to $200, while other altcoins like RAIN and CC experience declines.

📊 The total cryptocurrency market cap has bounced back to $2.550 trillion, regaining around $50 billion since its recent low.

Something Big Is Coming for Pi Network This Month: Here’s What Pioneers Should Know

🎉 **Ecosystem Summit Announcement**: Pi Network's Ecosystem Summit is set for November 17-19, featuring platform announcements, technical demos, and appearances by co-founders Chengdiao Fan and Nicolas Kokkalis.

💻 **Focused Programming**: The first two days will stream on YouTube, with Day 1 highlighting the Developer Platform and app showcases, while Day 2 will delve into AI integration within the Pi ecosystem.

🏆 **Exciting Hackathon Launch**: The final day will unveil the Pi Next hackathon, offering a $200,000 prize pool to encourage developers to create applications that enhance the network's real-world utility.

‘Extreme Fear’ Hits Bitcoin for the First Time in 3 Months as BTC Plummets

😱 **Fear Takes Over:** The Bitcoin Fear and Greed Index has dropped to its lowest level in three months, indicating extreme fear among investors as the market faces significant price declines.

📉 **Market Impact:** Bitcoin's price has sharply fallen from $81,000 to $74,800 due to events like the Binance hack and US midterm results, leading to a volatile market environment.

🔮 **Potential Upside:** Historically, when the Fear and Greed Index reaches such low levels, Bitcoin has experienced significant rebounds, suggesting that the current fear could present a buying opportunity for investors.