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Mantle Collaborates with Bybit and Backed to Bring U.S. Equities Onchain, Pioneering Next Trillion-Dollar Wave of Tokenized Assets
TheBitCoinNewsNov 07, 2025, 03:44 PM
DUBAI, UAE, Nov. 7, 2025 /PRNewswire/ — Mantle, the high-performance distribution and liquidity layer for real-world assets (RWAs), together with Bybit and Backed, today announced its strategic collaboration to bring tokenized U.S. equities onchain through xStocks, enabling 24/7 access to leading global assets directly within the Mantle ecosystem. Through xStocks, users can gain exposure to tokenized versions of leading equities such as NVDAx, AAPLx, and MSTRx, seamlessly connecting traditional financial assets with the composability of decentralized finance. The collaboration combines Mantle’s scalable blockchain infrastructure, Bybit’s global exchange liquidity, and Backed’s regulated tokenization framework to deliver a fully onchain experience for traditional markets. Seamless Integration Between CEX and DeFi At launch, Bybit will provide full support for deposits and withdrawals of xStocks via Mantle, allowing users to move assets between Bybit and Mantle Network efficiently and securely. This direct CEX-to-chain bridge simplifies onboarding, drives liquidity, and opens new opportunities for both users and developers to engage with tokenized markets. xStocks tokens, issued by Backed in partnership with regulated custodians, are fully backed 1:1 by their underlying securities. Each token mirrors a specific equity or treasury asset, offering transparent, verifiable, and programmable exposure to leading global companies. “Tokenized equities are redefining how traditional markets interact with blockchain technology,” said Emily Bao, Head of Spot at Bybit. “Bybit is proud to support Mantle’s vision of creating a unified, scalable platform where real-world assets can thrive onchain, delivering accessible and innovative financial solutions to a global audience.” Building the Infrastructure for Onchain Capital Markets This integration marks a major milestone for Mantle, Ethereum’s largest ZK proof-powered L2 network. Combining a modular architecture, advanced data availability layer, and low-fee environment, Mantle enables secure, scalable and cost-efficient access to tokenized equities, seamlessly converging TradFi, CeFi and DeFi within a unified onchain framework. On Mantle, tokenized equities are more than digital representations, they become programmable financial primitives. Builders and developers can leverage these assets to design innovative instruments, integrate real-world and crypto assets into automated strategies, and optimize capital efficiency across ecosystems. “With Mantle’s modular architecture, premium technology stack, and Ethereum-grade security, combined with Bybit’s infrastructure and reach, tokenized equities are set to become a foundational building block for the next wave of onchain finance,” said Emily Bao, Key Advisor at Mantle. “xStocks represents a pivotal step in turning traditional assets into composable building blocks that scale across Mantle’s ecosystem and power the decentralized economy.” “It takes more than tokenization to bridge TradFi and DeFi; you need infrastructure and distribution,” added David Henderson, Head of Growth at Backed. “Beyond accessibility, xStocks are built for composability. Together with Mantle and Bybit, we’re building the onchain economy to not only absorb capital markets but improve them.” Driving Mantle’s Broader RWA Momentum This collaboration builds on Bybit’s continued support for Mantle’s expanding RWA ecosystem, following recent initiatives such as: Anchorage integration, providing institutional-grade custody for $MNT to expand global access. Moomoo Exchange listing, bringing $MNT to U.S. retail investors alongside stocks, ETFs, and crypto. Tokenization-as-a-Service (TaaS), offering institutions a compliant, end-to-end framework to tokenize and scale real-world assets on Mantle. RWA Hackathons & Scholarships launch, fostering innovation and empowering talent pipelines to accelerate compliant tokenization and institutional adoption. Advancing Mantle’s Vision for Tokenized Markets As Mantle continues building the premier liquidity and distribution layer for tokenized assets, this initiative aligns with Mantle’s broader roadmap to expand RWA integrations, unlocking new capital efficiencies and composable DeFi strategies across its ecosystem. The collaboration reinforces Mantle’s commitment to enabling open, secure, and scalable access to tokenized assets, paving the way for broader participation in the trillion-dollar global capital markets through blockchain technology. xStocks are not available in the U.S. or to U.S. citizens. Geographic restrictions apply. About Mantle Mantle positions itself as the premier distribution layer and gateway for institutions and TradFi to connect with onchain liquidity and access real-world assets, powering how real-world finance flows. With over $4B+ in community-owned assets, Mantle combines credibility, liquidity and scalability with institutional-grade infrastructure to support large-scale adoption. The ecosystem is anchored by $MNT within Bybit, and built out through core ecosystem projects like mETH, fBTC, MI4 and more. This is complemented by Mantle Network’s partnerships with leading issuers and protocols such as Ethena USDe, Ondo USDY, OP-Succinct and EigenLayer. For more information about Mantle, please visit: mantle.xyz For more social updates, please follow: Mantle Official X & Mantle Community Channel About Backed Founded in 2021, Backed is the leading issuer of compliant tokenized equities and ETFs, including the innovative xStocks line of products. Backed’s products are freely transferable ERC-20 and SPL tokens compatible with Ethereum and Solana-based platforms. For more information, please visit https://backed.fi/ About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com. For more details about Bybit, please visit Bybit Press For media inquiries, please contact: [email protected] For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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DUBAI, UAE, Nov. 7, 2025 /PRNewswire/ — Mantle, the high-performance distribution and liquidity layer for real-world assets (RWAs), together with Bybit and Backed, today announced its strategic collaboration to bring tokenized U.S. equities onchain through xStocks, enabling 24/7 access to leading global assets directly within the Mantle ecosystem. Through xStocks, users can gain exposure to tokenized versions of leading equities such as NVDAx, AAPLx, and MSTRx, seamlessly connecting traditional financial assets with the composability of decentralized finance. The collaboration combines Mantle’s scalable blockchain infrastructure, Bybit’s global exchange liquidity, and Backed’s regulated tokenization framework to deliver a fully onchain experience for traditional markets. Seamless Integration Between CEX and DeFi At launch, Bybit will provide full support for deposits and withdrawals of xStocks via Mantle, allowing users to move assets between Bybit and Mantle Network efficiently and securely. This direct CEX-to-chain bridge simplifies onboarding, drives liquidity, and opens new opportunities for both users and developers to engage with tokenized markets. xStocks tokens, issued by Backed in partnership with regulated custodians, are fully backed 1:1 by their underlying securities. Each token mirrors a specific equity or treasury asset, offering transparent, verifiable, and programmable exposure to leading global companies. “Tokenized equities are redefining how traditional markets interact with blockchain technology,” said Emily Bao, Head of Spot at Bybit. “Bybit is proud to support Mantle’s vision of creating a unified, scalable platform where real-world assets can thrive onchain, delivering accessible and innovative financial solutions to a global audience.” Building the Infrastructure for Onchain Capital Markets This integration marks a major milestone for Mantle, Ethereum’s largest ZK proof-powered L2 network. Combining a modular architecture, advanced data availability layer, and low-fee environment, Mantle enables secure, scalable and cost-efficient access to tokenized equities, seamlessly converging TradFi, CeFi and DeFi within a unified onchain framework. On Mantle, tokenized equities are more than digital representations, they become programmable financial primitives. Builders and developers can leverage these assets to design innovative instruments, integrate real-world and crypto assets into automated strategies, and optimize capital efficiency across ecosystems. “With Mantle’s modular architecture, premium technology stack, and Ethereum-grade security, combined with Bybit’s infrastructure and reach, tokenized equities are set to become a foundational building block for the next wave of onchain finance,” said Emily Bao, Key Advisor at Mantle. “xStocks represents a pivotal step in turning traditional assets into composable building blocks that scale across Mantle’s ecosystem and power the decentralized economy.” “It takes more than tokenization to bridge TradFi and DeFi; you need infrastructure and distribution,” added David Henderson, Head of Growth at Backed. “Beyond accessibility, xStocks are built for composability. Together with Mantle and Bybit, we’re building the onchain economy to not only absorb capital markets but improve them.” Driving Mantle’s Broader RWA Momentum This collaboration builds on Bybit’s continued support for Mantle’s expanding RWA ecosystem, following recent initiatives such as: Anchorage integration, providing institutional-grade custody for $MNT to expand global access. Moomoo Exchange listing, bringing $MNT to U.S. retail investors alongside stocks, ETFs, and crypto. Tokenization-as-a-Service (TaaS), offering institutions a compliant, end-to-end framework to tokenize and scale real-world assets on Mantle. RWA Hackathons & Scholarships launch, fostering innovation and empowering talent pipelines to accelerate compliant tokenization and institutional adoption. Advancing Mantle’s Vision for Tokenized Markets As Mantle continues building the premier liquidity and distribution layer for tokenized assets, this initiative aligns with Mantle’s broader roadmap to expand RWA integrations, unlocking new capital efficiencies and composable DeFi strategies across its ecosystem. The collaboration reinforces Mantle’s commitment to enabling open, secure, and scalable access to tokenized assets, paving the way for broader participation in the trillion-dollar global capital markets through blockchain technology. xStocks are not available in the U.S. or to U.S. citizens. Geographic restrictions apply. About Mantle Mantle positions itself as the premier distribution layer and gateway for institutions and TradFi to connect with onchain liquidity and access real-world assets, powering how real-world finance flows. With over $4B+ in community-owned assets, Mantle combines credibility, liquidity and scalability with institutional-grade infrastructure to support large-scale adoption. The ecosystem is anchored by $MNT within Bybit, and built out through core ecosystem projects like mETH, fBTC, MI4 and more. This is complemented by Mantle Network’s partnerships with leading issuers and protocols such as Ethena USDe, Ondo USDY, OP-Succinct and EigenLayer. For more information about Mantle, please visit: mantle.xyz For more social updates, please follow: Mantle Official X & Mantle Community Channel About Backed Founded in 2021, Backed is the leading issuer of compliant tokenized equities and ETFs, including the innovative xStocks line of products. Backed’s products are freely transferable ERC-20 and SPL tokens compatible with Ethereum and Solana-based platforms. For more information, please visit https://backed.fi/ About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com. For more details about Bybit, please visit Bybit Press For media inquiries, please contact: [email protected] For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Bitcoin and Ethereum ETFs See First November Inflows After $2.9 Billion Outflow Streak
BeInCryptoNov 07, 2025, 12:40 PM
Spot Bitcoin and Ethereum exchange-traded funds (ETFs) recorded their first net inflows for November 2025 on Thursday. Bitcoin ETFs attracted $240 million, while Ethereum ETFs brought in $12.5 million. The turnaround follows six consecutive days of nearly $2.9 billion in combined outflows. Bitcoin and Ethereum ETFs Finally See Green After Six Red Days BeInCrypto reported recently that demand for spot ETFs had declined amid broader market weakness. This was evidenced by the consecutive outflows. According to SoSo value data, between October 29 and November 5, Bitcoin ETFs recorded total outflows of approximately $2.05 billion. At the same time, investors pulled $837.66 million from Ethereum ETFs. However, both products reversed this six-day run of outflows yesterday. Bitcoin ETFs saw $240.03 million in net inflows. The recovery was led by BlackRock’s iShares Bitcoin Trust (IBIT), which attracted $112.44 million. Fidelity Wise Origin Bitcoin Fund (FBTC) followed with $61.64 million, while ARK 21Shares Bitcoin ETF (ARKB) added $60.44 million. Bitwise’s Bitcoin ETF (BITB) also contributed modestly with $5.5 million. Notably, no Bitcoin ETF reported outflows that day. Spot Ethereum ETFs took in $12.51 million on November 6. BlackRock’s iShares Ethereum Trust (ETHA) once again led the group with $8 million, trailed by Fidelity Ethereum Fund (FETH) with $4.95 million and Bitwise Ethereum ETF (ETHW) with $3.08 million. Grayscale Ethereum Trust ETF (ETHE) recorded $3.53 million in outflows. The remaining five Ethereum funds reported no flows for the day. Bitcoin and Ethereum Prices Fall Sharply Despite ETF Inflows The influx of capital has not done much to help the price. BeInCrypto Markets data showed that Bitcoin slipped 2.37% over the past day, extending its nearly 9% weekly decline. At the time of writing, the largest cryptocurrency traded at $100,768. Bitcoin Price Performance. Source: BeInCrypto Markets As the week draws to a close, analysts are closely monitoring the 50-week Exponential Moving Average (EMA-50) as a critical indicator for Bitcoin’s next move. “Everything depends on the weekly close. A weekly close above EMA-50 with strong buy volume means Bitcoin has bottomed. A weekly close below EMA-50 means the dump is just the beginning,” analyst Ted Pillows wrote. Meanwhile, Ethereum has also been trending downwards. Over the past week, the value of ETH has declined by around 15%. At press time, the altcoin’s trading price stood at $3,284, down 3.40% over the past day. “ETH is still hovering around the $3,300 level. If Ethereum loses the $3,100-$3,200 zone again, expect a correction to new monthly lows,” Pillows forecasted. Ethereum Price Performance. Source: BeInCrypto Markets As prices continue to face pressure, the coming weeks will be crucial in determining whether investors maintain their support through renewed ETF inflows or if further declines trigger another wave of selling across the crypto market. The post Bitcoin and Ethereum ETFs See First November Inflows After $2.9 Billion Outflow Streak appeared first on BeInCrypto.
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Spot Bitcoin and Ethereum exchange-traded funds (ETFs) recorded their first net inflows for November 2025 on Thursday. Bitcoin ETFs attracted $240 million, while Ethereum ETFs brought in $12.5 million. The turnaround follows six consecutive days of nearly $2.9 billion in combined outflows. Bitcoin and Ethereum ETFs Finally See Green After Six Red Days BeInCrypto reported recently that demand for spot ETFs had declined amid broader market weakness. This was evidenced by the consecutive outflows. According to SoSo value data, between October 29 and November 5, Bitcoin ETFs recorded total outflows of approximately $2.05 billion. At the same time, investors pulled $837.66 million from Ethereum ETFs. However, both products reversed this six-day run of outflows yesterday. Bitcoin ETFs saw $240.03 million in net inflows. The recovery was led by BlackRock’s iShares Bitcoin Trust (IBIT), which attracted $112.44 million. Fidelity Wise Origin Bitcoin Fund (FBTC) followed with $61.64 million, while ARK 21Shares Bitcoin ETF (ARKB) added $60.44 million. Bitwise’s Bitcoin ETF (BITB) also contributed modestly with $5.5 million. Notably, no Bitcoin ETF reported outflows that day. Spot Ethereum ETFs took in $12.51 million on November 6. BlackRock’s iShares Ethereum Trust (ETHA) once again led the group with $8 million, trailed by Fidelity Ethereum Fund (FETH) with $4.95 million and Bitwise Ethereum ETF (ETHW) with $3.08 million. Grayscale Ethereum Trust ETF (ETHE) recorded $3.53 million in outflows. The remaining five Ethereum funds reported no flows for the day. Bitcoin and Ethereum Prices Fall Sharply Despite ETF Inflows The influx of capital has not done much to help the price. BeInCrypto Markets data showed that Bitcoin slipped 2.37% over the past day, extending its nearly 9% weekly decline. At the time of writing, the largest cryptocurrency traded at $100,768. Bitcoin Price Performance. Source: BeInCrypto Markets As the week draws to a close, analysts are closely monitoring the 50-week Exponential Moving Average (EMA-50) as a critical indicator for Bitcoin’s next move. “Everything depends on the weekly close. A weekly close above EMA-50 with strong buy volume means Bitcoin has bottomed. A weekly close below EMA-50 means the dump is just the beginning,” analyst Ted Pillows wrote. Meanwhile, Ethereum has also been trending downwards. Over the past week, the value of ETH has declined by around 15%. At press time, the altcoin’s trading price stood at $3,284, down 3.40% over the past day. “ETH is still hovering around the $3,300 level. If Ethereum loses the $3,100-$3,200 zone again, expect a correction to new monthly lows,” Pillows forecasted. Ethereum Price Performance. Source: BeInCrypto Markets As prices continue to face pressure, the coming weeks will be crucial in determining whether investors maintain their support through renewed ETF inflows or if further declines trigger another wave of selling across the crypto market. The post Bitcoin and Ethereum ETFs See First November Inflows After $2.9 Billion Outflow Streak appeared first on BeInCrypto.
Crypto News Update: BTC Defends $100k, ETH Breaches $3,300 Support
99bitcoinsNov 07, 2025, 12:04 PM
Continuing our crypto news update from yesterday, the broader crypto market is hanging on for dear life. .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Bitcoin BTC $103,767.53 2.39% Bitcoin BTC Price $103,767.53 2.39% /24h Volume in 24h $72.55B ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); was trading around $103,000 yesterday, from where it fell to $100,000 and is currently trading at , trying to defend its current position. (Source: CoinMarketCap) Its price is currently moving between $100,412 and $103,478 and is showing signs of a slowing in momentum. The effects of its earlier rally that led to its ATH have cooled down, and traders are now more cautious. Market Cap 24h 7d 30d 1y All Time For now, the short-term outlook looks bearish. The $100,000 level is a key support. If it holds, BTC might stabilize or bounce back from here. However, if it breaks below this level, prices could fall further, possibly towards $94,000, depending on how the market condition worsens. To turn bullish again, BTC needs to break above the $110,000 – $112,000 resistance zone. Without that, it may continue to move sideways or drop. Hanging by a thread BTC is trading right on the edge of key support at $100K. Selling pressure is clearly dominating, while buyers are struggling to keep the price afloat. Every dip below $100K gets bought up fast ,,but those rebounds look weak. If support breaks and holds, we… pic.twitter.com/50zgrSv48r — Cryptocapo_ (@iking_emkey1) November 7, 2025 Beyond the short-term ups and downs, BTC’s fundamentals remain solid and its long-term outlook looks promising. A lot of risky speculation has already been cleared out of the market, reducing the risks of big price drops. Moreover, institutions and big investors continue to see BTC as a safe alternative to traditional assets. Financial advisers and institutions are scooping up BTC at low prices through ETFs like iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), and Grayscale Bitcoin Trust (GBTC). EXPLORE: Top 20 Crypto to Buy in 2025 Crypto News Update: ETH Drops Below $3,300 .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Ethereum ETH $3,463.30 3.37% Ethereum ETH Price $3,463.30 3.37% /24h Volume in 24h $35.95B ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); dropped by 4.61% in the last 24 hours, falling to . It broke below its key support at $3,400 even though whales were buying aggressively. Sellers outnumbered buyers at key levels, leading to its price breaching the key support. Its price action tried to test the $3,415 level, but was rejected, from where it quickly dropped to $3,400. Market Cap 24h 7d 30d 1y All Time As the price was falling, whales bought the dip. They scooped up about 394,682 ETH worth $1.37 billion between $3,247 and $3,515. Since then, ETH has faced issues climbing back to $3,350 and has come down to where it’s currently trading at $3,232. Whales keep accumulating $ETH — over the past 3 days, many whales have collectively bought 394,682 $ETH($1.37B).https://t.co/RhDYQM0yl6 pic.twitter.com/3qMSojTSTu — Lookonchain (@lookonchain) November 6, 2025 On the technical side, ETH’s network is still strong as it recently hit a record of 24,192 transactions per second. But daily active users are down by 24% since August this year. $ETH just hit a record 24,192 TPS, powered by Layer 2 Lighter, which has been consistently sustaining ~4,000 TPS since launch. This is real network execution.Throughput is up, fees are down, and efficiency is rising.@ethereum @VitalikButerin pic.twitter.com/qC0AA4auvc — Crypto Patel (@CryptoPatel) November 6, 2025 Looking ahead, traders are watching the price action closely. A move above $3,480 would help reverse the current downtrend. EXPLORE: Best New Cryptocurrencies to Invest in 2025 9 hours ago Bitcoin ETFs See $240M Inflows After Six-Day Slump By Arijit Mukherjee Bitcoin finally saw some money come in on 6 October 2025 after six straight days of outflows. According to SoSoValue’s data, 12 spot BTC ETFs bought in $240 million, ending the dry spell, where over $2 billion had been pulled out. Still, it’s a drop in a bucket. November has been tough so far, and US BTC ETFs have lost $661 million this month alone, compared to the strong inflows of $3.53 billion in October and $3.42 billion in September.. EXPLORE: The 12+ Hottest Crypto Presales to Buy Right Now 9 hours ago Ireland Fines Coinbase $25M (Approx.) Over Missed Transactions By Arijit Mukherjee The Central Bank of Ireland has fined Coinbase Europe Limited a total of €21,464,734 for failing to meet its obligations under anti-money laundering and counter-terrorist financing rules. The issues occurred between April 2021 and March 2025 and involved significant gaps in the company’s monitoring of transactions flowing through its platform. This enforcement marks the first action taken against a crypto firm under Ireland’s updated sanctions procedure. Read More Here 9 hours ago SharpLink Moves $14M In ETH To OKX Before Earnings Report By Arijit Mukherjee SharpLink Gaming moved a large chunk of ETH worth over $14 million to the crypto exchange, OKX, just before its upcoming earnings report. According to Lookonchain’s data, a wallet linked to SharpLink withdrew 5,284 ETH, out of which 4,364 ETH (about $14.47 million) was sent to OKX on November 7. A wallet linked to SharpLink Gaming redeemed 5,284 $ETH($17.52M) and deposited 4,364 $ETH ($14.47M) into #OKX 4 hours ago.https://t.co/aEOMGzxxOM pic.twitter.com/ljO14bxj7f — Lookonchain (@lookonchain) November 7, 2025 The remaining 791 ETH is still sitting untouched in the wallet. The total value of the ETH withdrawn was around $17.52 million at the time of the transfer. EXPLORE: Next 1000X Crypto – Here’s 10+ Crypto Tokens That Can Hit 1000x This Year 10 hours ago $1.5M BTC? Cathie Woods Revises Her Prediction By Arijit Mukherjee ARK Invest CEO, Cathie Wood, has revised her ultra-bullish BTC price prediction of $1.5 million to $1.2 million. The reason for a revision in price is stablecoins that have managed to steal BTC’s thunder. Stablecoins like USDT and USDC have gained traction, especially in emerging markets where they are increasingly being used for payments and savings. JUST IN: Cathie Wood says Ark Invest is trimming its bullish #Bitcoin forecast by $300K, citing stablecoins’ rapid growth in emerging markets, bringing the new top target to $1.2M by 2030. pic.twitter.com/rln31NwhR1 — Bitcoin.com News (@BTCTN) November 6, 2025 Wood confirmed that stablecoins have absorbed some of the growth that was previously expected from BTC. Still, she remains bullish on the digital gold. ARK’s updated projections show BTC at $1.2 million in a bull case, $600,000 in a base case, and $500,000 in a bear case by 2030. 10 hours ago Green Crypto? Texans Aren’t Buying It By Arijit Mukherjee BTC mining companies in Texas are promoting their use of renewable energy sources like wind and solar. They claim that their use of renewable energy stabilizes the power grid and supports the growth of clean energy. However, local Texans aren’t buying it, and environmental activists are pushing back. They argue that crypto mining operations are noisy, strain infrastructure, and divert green energy from homes and businesses. Residents of Hood County, Texas, have voted against forming a new town to regulate noise from a nearby Bitcoin mining site. Only 38% supported creating “Mitchell Bend,” a proposed two-square-mile municipality for roughly 600 residents. pic.twitter.com/vlEFys9OSb — 0xMarioNawfal (@RoundtableSpace) November 6, 2025 On the one hand, miners claim that they’re contributing to the state’s energy economy. Critics beg to differ. They argue that the environmental benefits are overstated and that deals are being made without proper community input. EXPLORE: 16+ New and Upcoming Binance Listings in 2025 The post Crypto News Update: BTC Defends $100k, ETH Breaches $3,300 Support appeared first on 99Bitcoins.
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Continuing our crypto news update from yesterday, the broader crypto market is hanging on for dear life. .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Bitcoin BTC $103,767.53 2.39% Bitcoin BTC Price $103,767.53 2.39% /24h Volume in 24h $72.55B ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); was trading around $103,000 yesterday, from where it fell to $100,000 and is currently trading at , trying to defend its current position. (Source: CoinMarketCap) Its price is currently moving between $100,412 and $103,478 and is showing signs of a slowing in momentum. The effects of its earlier rally that led to its ATH have cooled down, and traders are now more cautious. Market Cap 24h 7d 30d 1y All Time For now, the short-term outlook looks bearish. The $100,000 level is a key support. If it holds, BTC might stabilize or bounce back from here. However, if it breaks below this level, prices could fall further, possibly towards $94,000, depending on how the market condition worsens. To turn bullish again, BTC needs to break above the $110,000 – $112,000 resistance zone. Without that, it may continue to move sideways or drop. Hanging by a thread BTC is trading right on the edge of key support at $100K. Selling pressure is clearly dominating, while buyers are struggling to keep the price afloat. Every dip below $100K gets bought up fast ,,but those rebounds look weak. If support breaks and holds, we… pic.twitter.com/50zgrSv48r — Cryptocapo_ (@iking_emkey1) November 7, 2025 Beyond the short-term ups and downs, BTC’s fundamentals remain solid and its long-term outlook looks promising. A lot of risky speculation has already been cleared out of the market, reducing the risks of big price drops. Moreover, institutions and big investors continue to see BTC as a safe alternative to traditional assets. Financial advisers and institutions are scooping up BTC at low prices through ETFs like iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), and Grayscale Bitcoin Trust (GBTC). EXPLORE: Top 20 Crypto to Buy in 2025 Crypto News Update: ETH Drops Below $3,300 .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Ethereum ETH $3,463.30 3.37% Ethereum ETH Price $3,463.30 3.37% /24h Volume in 24h $35.95B ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); dropped by 4.61% in the last 24 hours, falling to . It broke below its key support at $3,400 even though whales were buying aggressively. Sellers outnumbered buyers at key levels, leading to its price breaching the key support. Its price action tried to test the $3,415 level, but was rejected, from where it quickly dropped to $3,400. Market Cap 24h 7d 30d 1y All Time As the price was falling, whales bought the dip. They scooped up about 394,682 ETH worth $1.37 billion between $3,247 and $3,515. Since then, ETH has faced issues climbing back to $3,350 and has come down to where it’s currently trading at $3,232. Whales keep accumulating $ETH — over the past 3 days, many whales have collectively bought 394,682 $ETH($1.37B).https://t.co/RhDYQM0yl6 pic.twitter.com/3qMSojTSTu — Lookonchain (@lookonchain) November 6, 2025 On the technical side, ETH’s network is still strong as it recently hit a record of 24,192 transactions per second. But daily active users are down by 24% since August this year. $ETH just hit a record 24,192 TPS, powered by Layer 2 Lighter, which has been consistently sustaining ~4,000 TPS since launch. This is real network execution.Throughput is up, fees are down, and efficiency is rising.@ethereum @VitalikButerin pic.twitter.com/qC0AA4auvc — Crypto Patel (@CryptoPatel) November 6, 2025 Looking ahead, traders are watching the price action closely. A move above $3,480 would help reverse the current downtrend. EXPLORE: Best New Cryptocurrencies to Invest in 2025 9 hours ago Bitcoin ETFs See $240M Inflows After Six-Day Slump By Arijit Mukherjee Bitcoin finally saw some money come in on 6 October 2025 after six straight days of outflows. According to SoSoValue’s data, 12 spot BTC ETFs bought in $240 million, ending the dry spell, where over $2 billion had been pulled out. Still, it’s a drop in a bucket. November has been tough so far, and US BTC ETFs have lost $661 million this month alone, compared to the strong inflows of $3.53 billion in October and $3.42 billion in September.. EXPLORE: The 12+ Hottest Crypto Presales to Buy Right Now 9 hours ago Ireland Fines Coinbase $25M (Approx.) Over Missed Transactions By Arijit Mukherjee The Central Bank of Ireland has fined Coinbase Europe Limited a total of €21,464,734 for failing to meet its obligations under anti-money laundering and counter-terrorist financing rules. The issues occurred between April 2021 and March 2025 and involved significant gaps in the company’s monitoring of transactions flowing through its platform. This enforcement marks the first action taken against a crypto firm under Ireland’s updated sanctions procedure. Read More Here 9 hours ago SharpLink Moves $14M In ETH To OKX Before Earnings Report By Arijit Mukherjee SharpLink Gaming moved a large chunk of ETH worth over $14 million to the crypto exchange, OKX, just before its upcoming earnings report. According to Lookonchain’s data, a wallet linked to SharpLink withdrew 5,284 ETH, out of which 4,364 ETH (about $14.47 million) was sent to OKX on November 7. A wallet linked to SharpLink Gaming redeemed 5,284 $ETH($17.52M) and deposited 4,364 $ETH ($14.47M) into #OKX 4 hours ago.https://t.co/aEOMGzxxOM pic.twitter.com/ljO14bxj7f — Lookonchain (@lookonchain) November 7, 2025 The remaining 791 ETH is still sitting untouched in the wallet. The total value of the ETH withdrawn was around $17.52 million at the time of the transfer. EXPLORE: Next 1000X Crypto – Here’s 10+ Crypto Tokens That Can Hit 1000x This Year 10 hours ago $1.5M BTC? Cathie Woods Revises Her Prediction By Arijit Mukherjee ARK Invest CEO, Cathie Wood, has revised her ultra-bullish BTC price prediction of $1.5 million to $1.2 million. The reason for a revision in price is stablecoins that have managed to steal BTC’s thunder. Stablecoins like USDT and USDC have gained traction, especially in emerging markets where they are increasingly being used for payments and savings. JUST IN: Cathie Wood says Ark Invest is trimming its bullish #Bitcoin forecast by $300K, citing stablecoins’ rapid growth in emerging markets, bringing the new top target to $1.2M by 2030. pic.twitter.com/rln31NwhR1 — Bitcoin.com News (@BTCTN) November 6, 2025 Wood confirmed that stablecoins have absorbed some of the growth that was previously expected from BTC. Still, she remains bullish on the digital gold. ARK’s updated projections show BTC at $1.2 million in a bull case, $600,000 in a base case, and $500,000 in a bear case by 2030. 10 hours ago Green Crypto? Texans Aren’t Buying It By Arijit Mukherjee BTC mining companies in Texas are promoting their use of renewable energy sources like wind and solar. They claim that their use of renewable energy stabilizes the power grid and supports the growth of clean energy. However, local Texans aren’t buying it, and environmental activists are pushing back. They argue that crypto mining operations are noisy, strain infrastructure, and divert green energy from homes and businesses. Residents of Hood County, Texas, have voted against forming a new town to regulate noise from a nearby Bitcoin mining site. Only 38% supported creating “Mitchell Bend,” a proposed two-square-mile municipality for roughly 600 residents. pic.twitter.com/vlEFys9OSb — 0xMarioNawfal (@RoundtableSpace) November 6, 2025 On the one hand, miners claim that they’re contributing to the state’s energy economy. Critics beg to differ. They argue that the environmental benefits are overstated and that deals are being made without proper community input. EXPLORE: 16+ New and Upcoming Binance Listings in 2025 The post Crypto News Update: BTC Defends $100k, ETH Breaches $3,300 Support appeared first on 99Bitcoins.
Why Is Crypto Down Today? – November 7, 2025
CryptoNews.comNov 07, 2025, 11:59 AM
The cryptocurrency market is trading slightly lower today, with global market capitalization down 0.7% to $3.49 trillion, according to data from CoinMarketCap. Meanwhile, 24-hour trading volume stands at $180.4 billion, showing active participation despite broader weakness. TLDR: Global crypto market cap slipped 0.7% to $3.49T, with 24h volume at $180.4B; BTC fell 0.2% ($101,553), ETH dropped 0.1% ($3,336); Asian equities mirrored Wall Street losses after AI stock selloffs and weak US job data; Institutional demand for BTC slowed as treasuries and ETFs showed cooling inflows; Fear & Greed Index fell to 21 (Fear) from 24 yesterday and 62 a month ago; BTC ETFs rebounded with $240M inflows; ETH ETFs added $12.5M; Traders remain cautious amid the U.S. government shutdown, Fed rate-cut speculation. Crypto Winners & LosersAt the time of writing, most leading cryptocurrencies are down over the past 24 hours.Bitcoin (BTC) is trading at $101,553, down 0.2%, with a $2.02 trillion market capitalization.Ethereum (ETH) fell 0.1% to $3,336, while BNB (BNB) edged up 0.4% to $964.83.XRP (XRP) climbed 4.5% to $2.22, standing out as one of the few top gainers.Solana (SOL) slipped 1.2% to $157.21, while Cardano (ADA) rose 1.8% to $0.5455.Dogecoin (DOGE) gained 1.6%, now trading at $0.1663.Despite the overall decline, a few altcoins posted notable gains.DeAgentAI (DAI) surged 618.7%, Internet Computer (ICP) rose 4.4%, and Zcash (ZEC) gained 19.5% in the past 24 hours.Top gainers also include sudeng (+248.4%) and DUSK (+59.5%), signaling renewed speculative activity across smaller-cap tokens.Trending coins on CoinMarketCap are DeAgentAI, Internet Computer, and Zcash, reflecting rising investor interest in AI-linked and privacy-focused projects amid a cautious trading environment.Crypto and Asian Markets Fall as Investors Turn Risk-Averse Amid Weak Data and ETF OutflowsAsian markets opened lower on Friday, extending a global risk-off sentiment that weighed on both equities and cryptocurrencies.Bitcoin and other digital assets slipped further after data showed weakening demand and reduced treasury inflows from large holders. The total crypto market cap fell around 2% to $3.47 trillion, with Bitcoin down 1.5% to $101,545 and Ether down 2.5% to $3,320.Regional equity benchmarks mirrored the downturn, with Japan’s Nikkei 225 dropping 1.75% and Hong Kong’s Hang Seng Index falling 0.74%.The declines followed Wall Street’s overnight selloff led by tech and AI-linked stocks. The Nasdaq fell 1.9%, driven by profit-taking after months of AI-fueled gains.Fresh labor data showing 153,074 job cuts in October, nearly triple last year’s total, added to concerns about an economic slowdown. Really feels like equities are cooked, and if equities are cooked, then our coins are about to get smacked— Flood (@ThinkingUSD) November 6, 2025 Analysts said the losses highlight investors’ cautious positioning as the earnings season ends and the US government shutdown continues to cloud visibility on official economic indicators.Meanwhile, institutional appetite for Bitcoin is showing signs of cooling. Kraken economist Thomas Perfumo said demand from major treasuries like MicroStrategy has slowed, while crypto ETFs have seen notable outflows.Despite weaker sentiment, analysts maintain that markets remain orderly, with traders watching for potential Federal Reserve support if funding stress increases. Treasury yields stayed firm, while the dollar slipped 0.4%, and the euro rose to $1.1547, signaling growing expectations for another Fed rate cut later this year.Levels & Events to Watch NextAt the time of writing, Bitcoin is trading at $101,440, up 0.15% on the day. The coin remains under pressure after repeated failed attempts to reclaim the $103,000 zone. Its intraday range sits between $100,800 and $102,300, reflecting cautious sentiment and low trading volume following this week’s market-wide decline.A strong daily close above $103,000 could open the path toward $105,000–$107,000, where previous resistance levels remain intact. On the downside, losing $100,000 support risks deeper retracements toward $98,500 and $96,800, key zones where buyers previously stepped in.Meanwhile, Ethereum (ETH) trades at $3,337, gaining 0.72% over the past 24 hours. Despite the small rebound, ETH continues to hover near monthly lows after a steep correction earlier this week.A recovery above $3,400 could pave the way toward $3,600–$3,750, while failure to hold above $3,300 may expose the token to a further drop toward $3,150 or even $3,000.Traders are watching macroeconomic cues, including the ongoing U.S. government shutdown and Fed rate expectations, as potential catalysts that could shape short-term momentum in both Bitcoin and Ethereum.Meanwhile, market sentiment continues to deteriorate, with the CMC Crypto Fear and Greed Index dropping to 21, signaling “Fear.”The index stood at 24 yesterday, 31 last week, and 62 a month ago, marking a sharp shift from a previously “Greedy” environment to deep caution.The US Bitcoin spot ETFs saw a strong rebound on November 6, recording $240.03 million in total net inflows, according to data from SoSoValue.Cumulative inflows across all Bitcoin ETFs now stand at $60.52 billion, with total net assets reaching $135.43 billion, representing 6.73% of Bitcoin’s total market capitalization. The total trading volume for the day came in at $4.77 billion, reflecting steady institutional participation despite recent market volatility.Among individual funds, BlackRock’s IBIT led the day’s inflows with $112.44 million, followed by Fidelity’s FBTC with $61.64 million and Ark & 21Shares’ ARKB adding $60.44 million. Bitwise’s BITB also posted $5.5 million in net inflows, while Grayscale’s GBTC remained flat for the day.Likewise, spot Ethereum ETFs saw moderate inflows on November 6. Among individual funds, BlackRock’s ETHA led the inflows with $8.01 million, followed by Fidelity’s FETH with $4.95 million and Bitwise’s ETHW adding $3.08 million.Cumulative net inflows now stand at $13.91 billion, with total net assets reaching $21.75 billion, representing 5.45% of Ethereum’s total market capitalization. The day’s total trading volume came in at $1.62 billion, reflecting steady participation across major issuers.The post Why Is Crypto Down Today? – November 7, 2025 appeared first on Cryptonews.
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The cryptocurrency market is trading slightly lower today, with global market capitalization down 0.7% to $3.49 trillion, according to data from CoinMarketCap. Meanwhile, 24-hour trading volume stands at $180.4 billion, showing active participation despite broader weakness. TLDR: Global crypto market cap slipped 0.7% to $3.49T, with 24h volume at $180.4B; BTC fell 0.2% ($101,553), ETH dropped 0.1% ($3,336); Asian equities mirrored Wall Street losses after AI stock selloffs and weak US job data; Institutional demand for BTC slowed as treasuries and ETFs showed cooling inflows; Fear & Greed Index fell to 21 (Fear) from 24 yesterday and 62 a month ago; BTC ETFs rebounded with $240M inflows; ETH ETFs added $12.5M; Traders remain cautious amid the U.S. government shutdown, Fed rate-cut speculation. Crypto Winners & LosersAt the time of writing, most leading cryptocurrencies are down over the past 24 hours.Bitcoin (BTC) is trading at $101,553, down 0.2%, with a $2.02 trillion market capitalization.Ethereum (ETH) fell 0.1% to $3,336, while BNB (BNB) edged up 0.4% to $964.83.XRP (XRP) climbed 4.5% to $2.22, standing out as one of the few top gainers.Solana (SOL) slipped 1.2% to $157.21, while Cardano (ADA) rose 1.8% to $0.5455.Dogecoin (DOGE) gained 1.6%, now trading at $0.1663.Despite the overall decline, a few altcoins posted notable gains.DeAgentAI (DAI) surged 618.7%, Internet Computer (ICP) rose 4.4%, and Zcash (ZEC) gained 19.5% in the past 24 hours.Top gainers also include sudeng (+248.4%) and DUSK (+59.5%), signaling renewed speculative activity across smaller-cap tokens.Trending coins on CoinMarketCap are DeAgentAI, Internet Computer, and Zcash, reflecting rising investor interest in AI-linked and privacy-focused projects amid a cautious trading environment.Crypto and Asian Markets Fall as Investors Turn Risk-Averse Amid Weak Data and ETF OutflowsAsian markets opened lower on Friday, extending a global risk-off sentiment that weighed on both equities and cryptocurrencies.Bitcoin and other digital assets slipped further after data showed weakening demand and reduced treasury inflows from large holders. The total crypto market cap fell around 2% to $3.47 trillion, with Bitcoin down 1.5% to $101,545 and Ether down 2.5% to $3,320.Regional equity benchmarks mirrored the downturn, with Japan’s Nikkei 225 dropping 1.75% and Hong Kong’s Hang Seng Index falling 0.74%.The declines followed Wall Street’s overnight selloff led by tech and AI-linked stocks. The Nasdaq fell 1.9%, driven by profit-taking after months of AI-fueled gains.Fresh labor data showing 153,074 job cuts in October, nearly triple last year’s total, added to concerns about an economic slowdown. Really feels like equities are cooked, and if equities are cooked, then our coins are about to get smacked— Flood (@ThinkingUSD) November 6, 2025 Analysts said the losses highlight investors’ cautious positioning as the earnings season ends and the US government shutdown continues to cloud visibility on official economic indicators.Meanwhile, institutional appetite for Bitcoin is showing signs of cooling. Kraken economist Thomas Perfumo said demand from major treasuries like MicroStrategy has slowed, while crypto ETFs have seen notable outflows.Despite weaker sentiment, analysts maintain that markets remain orderly, with traders watching for potential Federal Reserve support if funding stress increases. Treasury yields stayed firm, while the dollar slipped 0.4%, and the euro rose to $1.1547, signaling growing expectations for another Fed rate cut later this year.Levels & Events to Watch NextAt the time of writing, Bitcoin is trading at $101,440, up 0.15% on the day. The coin remains under pressure after repeated failed attempts to reclaim the $103,000 zone. Its intraday range sits between $100,800 and $102,300, reflecting cautious sentiment and low trading volume following this week’s market-wide decline.A strong daily close above $103,000 could open the path toward $105,000–$107,000, where previous resistance levels remain intact. On the downside, losing $100,000 support risks deeper retracements toward $98,500 and $96,800, key zones where buyers previously stepped in.Meanwhile, Ethereum (ETH) trades at $3,337, gaining 0.72% over the past 24 hours. Despite the small rebound, ETH continues to hover near monthly lows after a steep correction earlier this week.A recovery above $3,400 could pave the way toward $3,600–$3,750, while failure to hold above $3,300 may expose the token to a further drop toward $3,150 or even $3,000.Traders are watching macroeconomic cues, including the ongoing U.S. government shutdown and Fed rate expectations, as potential catalysts that could shape short-term momentum in both Bitcoin and Ethereum.Meanwhile, market sentiment continues to deteriorate, with the CMC Crypto Fear and Greed Index dropping to 21, signaling “Fear.”The index stood at 24 yesterday, 31 last week, and 62 a month ago, marking a sharp shift from a previously “Greedy” environment to deep caution.The US Bitcoin spot ETFs saw a strong rebound on November 6, recording $240.03 million in total net inflows, according to data from SoSoValue.Cumulative inflows across all Bitcoin ETFs now stand at $60.52 billion, with total net assets reaching $135.43 billion, representing 6.73% of Bitcoin’s total market capitalization. The total trading volume for the day came in at $4.77 billion, reflecting steady institutional participation despite recent market volatility.Among individual funds, BlackRock’s IBIT led the day’s inflows with $112.44 million, followed by Fidelity’s FBTC with $61.64 million and Ark & 21Shares’ ARKB adding $60.44 million. Bitwise’s BITB also posted $5.5 million in net inflows, while Grayscale’s GBTC remained flat for the day.Likewise, spot Ethereum ETFs saw moderate inflows on November 6. Among individual funds, BlackRock’s ETHA led the inflows with $8.01 million, followed by Fidelity’s FETH with $4.95 million and Bitwise’s ETHW adding $3.08 million.Cumulative net inflows now stand at $13.91 billion, with total net assets reaching $21.75 billion, representing 5.45% of Ethereum’s total market capitalization. The day’s total trading volume came in at $1.62 billion, reflecting steady participation across major issuers.The post Why Is Crypto Down Today? – November 7, 2025 appeared first on Cryptonews.
昨日比特币现货ETF净流入 2.2086 亿美元
BitRSSNov 07, 2025, 04:46 AM
ChainCatcher 消息，据 Trader T 监测，昨日比特币现货 ETF 净流入 2.2086 亿美元，其中 BlackRock 的 IBIT 贡献 9328 万美元，Fidelity 的 FBTC 流入 6164 万美元，Bitwise 的 BITB 流入 550 万美元，Ark Invest 的 ARKB 流入 6044 万美元。Invesco 的 BTCO、Franklin 的 EZBC、Valkyrie 的 BRRR、VanEck 的 HODL、WisdomTree...
Crypto News Today: BTC Bulls Still In Play? ETH Targets $4k As Big Money Moves In
99bitcoinsNov 06, 2025, 10:27 AM
In crypto news today, Bitcoin (BTC) is trading at , barely scraping by above the $100,000 mark. It is up by 1.2% on the daily chart, and still down by 6.95% on the weekly. Market Cap 24h 7d 30d 1y All Time However, all hope is not lost. Bitwise’s Chief Investment Officer, Matt Hougan, believes that BTC’s steep selloff, causing its price to dip temporarily below $100,000 for the first time since June this year, is more panic than based on the fundamentals. In an interview with CNBC, he said, “It’s almost a tale of two markets.” He said that retail traders have faced months of losses and failed leveraged bets, causing the market to become downbeat. On the flipside, financial advisers and institutions are scooping up BTC at low prices through ETFs like iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), and Grayscale Bitcoin Trust (GBTC). JUST IN: $12 billion Bitwise CIO Matt Hougan on CNBC: “I am optimistic that we are going to rally at the end of the year.” pic.twitter.com/QsEOKaeKBS — Bitcoin Magazine (@BitcoinMagazine) November 5, 2025 Although the pace of accumulation has slowed down since mid-year, Hougan pointed out that the inflows are still positive, meaning institutional investors have not lost confidence in the digital gold. “When I talk to advisors and institutions,” he said, “they’re still excited to allocate to an asset class that, if you zoom out, is delivering strong returns over the past year.” For now, BTC has stabilized above the $103,000 level. However, it is still not in the clear. It is still trading below its recent high at $110,000. However, technical signals suggest that BTC might be gearing up for a potential uptrend. $BTC is back above the $103,000 level. This is a key level for Bitcoin to hold; otherwise, there'll be another low. I still don't feel confident about this rally and think that BTC could fill the CME gap at the $92,000 level. pic.twitter.com/09sKmA5ak1 — Ted (@TedPillows) November 6, 2025 Trading volumes highlight that investors are buying and holding near the $103,000 level. According to a crypto analyst SatochiTrader, BTC formed a higher low, meaning the price did not fall as much as before, and that it might be looking to climb again. (Source: TradingView) EXPLORE: The 12+ Hottest Crypto Presales to Buy Right Now Crypto News Today: ETH Targets $4k, Short Sellers Cornered? Currently, is trading at after bouncing back by 2.23% in the last 24 hours from $3,055, which triggered over $1.3 billion in long liquidations. Market Cap 24h 7d 30d 1y All Time The sudden crash wiped out many overleveraged bullish positions, especially around $3,200 levels. The market is currently heavily tilted towards short positions, setting the stage for a $7 billion short squeeze if the price rebounds. (Source: CoinGlass) Technical indicators suggest that ETH might be bottoming out. However, a hidden bullish divergence on the daily chart suggests a potential trend reversal. ETH/BTC is still fighting this massive resistance level. We are so close to a breakout though. I remain optimistic here for $ETH. pic.twitter.com/0UjYU1LHIp — Mister Crypto (@misterrcrypto) November 6, 2025 ETH is testing long-term support levels between $3000 and $2,800 that have historically held strong. If its price starts to recover, it could trigger a wave of short liquidations that can potentially push the price towards $4,000. Regarding the fundamentals, ETH has continued to gain institutional traction. Swiss banking giant UBS recently used Chainlink’s Digital Transfer Agent to redeem digital fund shares (called uMINT) on ETH. ETH is down by 13% on the weekly chart, but has managed a small win of 2.57% in the last 24 hours. EXPLORE: Top Solana Meme Coins to Buy in 2025 1 day ago SharpLink Sees Ethereum Skyrocketing 90% Toward Record High By Arijit Mukherjee SharpLink believes that ETH could rally up to 90% and create an all-time high. Matt Sheffield, CIO at SharpLink Gaming, said the scale of the 10 October crash (also known as Black Friday) has led to tighter credit conditions among institutional investors. These firms have become more cautious as they reassess risks and are selling off assets like ETH to manage exposure. He also noted that some companies are selling crypto to lock in tax losses before year-end, adding more downward pressure. However, Sheffield expects a strong rebound once the selling slows. However, the timing is complicated because of the ongoing US government shutdown. SharpLink Chairman Joseph Lubin agreed with the assessment. Based on past trends, a 90% push could see ETH create a new all-time high (ATH). SharpLink has been steadily building a world class team for the long haul. And yes, for the near term as well. Matt @sheffieldreport is one of the sharpest minds at the intersection of DeFi and TradFi and he is surrounded on the team by equally gifted De/Trad Fi specialists.… https://t.co/Bv56DSXrQL — Joseph Lubin (@ethereumJoseph) November 6, 2025 Moreover, whales have been buying heavily during ETH’s recent dip. Over 394,000 ETH, worth $1.37 billion, were purchased in just three days, according to Lookonchain. Whales keep accumulating $ETH — over the past 3 days, many whales have collectively bought 394,682 $ETH($1.37B).https://t.co/RhDYQM0yl6 pic.twitter.com/3qMSojTSTu — Lookonchain (@lookonchain) November 6, 2025 EXPLORE: The 12+ Hottest Crypto Presales to Buy Right Now 1 day ago Arthur Hays: Bull Market Still In Play By Arijit Mukherjee The Maelstrom chief investment officer noted in a Tuesday post that the Bitcoin price has fallen 27% over the past month. Even so, he believes the Federal Reserve could still pave the way for another rally. Hayes said the next chapter for Bitcoin may start when the Fed begins what he calls “stealth quantitative easing,” a quiet return of liquidity disguised as cautious policy. For now, he said, markets are feeling the strain from a liquidity squeeze tied to the ongoing US government shutdown. Hayes also admitted there’s no way to know when that shift will arrive. Fed Chair Jerome Powell has said quantitative tightening will end by Dec. 1, though there’s no guarantee of another rate cut next month. Read More Here 1 day ago ETH Nightmare Scenario? Analysts Warns of A Downside Risk By Arijit Mukherjee Crypto analyst Ali Martinez, known as @ali_charts on X, has outlined a worst-case scenario for ETH. He has warned that ETH’s price could drop as low as $1,700. He believes that ETH might not recover to $4,000 and could lose momentum near the $3,800 support level. The worst-case scenario: Ethereum $ETH fails to reclaim $4,000, breaks through $3,800 support, and drops to $2,400 or $1,700. pic.twitter.com/oKK5VbVRd0 — Ali (@ali_charts) November 4, 2025 Based on his chart’s analysis, ETH could drop to $2,400 or even $1,700 by mid-2026. If that comes to pass, it would mean a 46% decline from its current price. EXPLORE: Next 1000X Crypto – Here’s 10+ Crypto Tokens That Can Hit 1000x This Year The post Crypto News Today: BTC Bulls Still In Play? ETH Targets $4k As Big Money Moves In appeared first on 99Bitcoins.
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In crypto news today, Bitcoin (BTC) is trading at , barely scraping by above the $100,000 mark. It is up by 1.2% on the daily chart, and still down by 6.95% on the weekly. Market Cap 24h 7d 30d 1y All Time However, all hope is not lost. Bitwise’s Chief Investment Officer, Matt Hougan, believes that BTC’s steep selloff, causing its price to dip temporarily below $100,000 for the first time since June this year, is more panic than based on the fundamentals. In an interview with CNBC, he said, “It’s almost a tale of two markets.” He said that retail traders have faced months of losses and failed leveraged bets, causing the market to become downbeat. On the flipside, financial advisers and institutions are scooping up BTC at low prices through ETFs like iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), and Grayscale Bitcoin Trust (GBTC). JUST IN: $12 billion Bitwise CIO Matt Hougan on CNBC: “I am optimistic that we are going to rally at the end of the year.” pic.twitter.com/QsEOKaeKBS — Bitcoin Magazine (@BitcoinMagazine) November 5, 2025 Although the pace of accumulation has slowed down since mid-year, Hougan pointed out that the inflows are still positive, meaning institutional investors have not lost confidence in the digital gold. “When I talk to advisors and institutions,” he said, “they’re still excited to allocate to an asset class that, if you zoom out, is delivering strong returns over the past year.” For now, BTC has stabilized above the $103,000 level. However, it is still not in the clear. It is still trading below its recent high at $110,000. However, technical signals suggest that BTC might be gearing up for a potential uptrend. $BTC is back above the $103,000 level. This is a key level for Bitcoin to hold; otherwise, there'll be another low. I still don't feel confident about this rally and think that BTC could fill the CME gap at the $92,000 level. pic.twitter.com/09sKmA5ak1 — Ted (@TedPillows) November 6, 2025 Trading volumes highlight that investors are buying and holding near the $103,000 level. According to a crypto analyst SatochiTrader, BTC formed a higher low, meaning the price did not fall as much as before, and that it might be looking to climb again. (Source: TradingView) EXPLORE: The 12+ Hottest Crypto Presales to Buy Right Now Crypto News Today: ETH Targets $4k, Short Sellers Cornered? Currently, is trading at after bouncing back by 2.23% in the last 24 hours from $3,055, which triggered over $1.3 billion in long liquidations. Market Cap 24h 7d 30d 1y All Time The sudden crash wiped out many overleveraged bullish positions, especially around $3,200 levels. The market is currently heavily tilted towards short positions, setting the stage for a $7 billion short squeeze if the price rebounds. (Source: CoinGlass) Technical indicators suggest that ETH might be bottoming out. However, a hidden bullish divergence on the daily chart suggests a potential trend reversal. ETH/BTC is still fighting this massive resistance level. We are so close to a breakout though. I remain optimistic here for $ETH. pic.twitter.com/0UjYU1LHIp — Mister Crypto (@misterrcrypto) November 6, 2025 ETH is testing long-term support levels between $3000 and $2,800 that have historically held strong. If its price starts to recover, it could trigger a wave of short liquidations that can potentially push the price towards $4,000. Regarding the fundamentals, ETH has continued to gain institutional traction. Swiss banking giant UBS recently used Chainlink’s Digital Transfer Agent to redeem digital fund shares (called uMINT) on ETH. ETH is down by 13% on the weekly chart, but has managed a small win of 2.57% in the last 24 hours. EXPLORE: Top Solana Meme Coins to Buy in 2025 1 day ago SharpLink Sees Ethereum Skyrocketing 90% Toward Record High By Arijit Mukherjee SharpLink believes that ETH could rally up to 90% and create an all-time high. Matt Sheffield, CIO at SharpLink Gaming, said the scale of the 10 October crash (also known as Black Friday) has led to tighter credit conditions among institutional investors. These firms have become more cautious as they reassess risks and are selling off assets like ETH to manage exposure. He also noted that some companies are selling crypto to lock in tax losses before year-end, adding more downward pressure. However, Sheffield expects a strong rebound once the selling slows. However, the timing is complicated because of the ongoing US government shutdown. SharpLink Chairman Joseph Lubin agreed with the assessment. Based on past trends, a 90% push could see ETH create a new all-time high (ATH). SharpLink has been steadily building a world class team for the long haul. And yes, for the near term as well. Matt @sheffieldreport is one of the sharpest minds at the intersection of DeFi and TradFi and he is surrounded on the team by equally gifted De/Trad Fi specialists.… https://t.co/Bv56DSXrQL — Joseph Lubin (@ethereumJoseph) November 6, 2025 Moreover, whales have been buying heavily during ETH’s recent dip. Over 394,000 ETH, worth $1.37 billion, were purchased in just three days, according to Lookonchain. Whales keep accumulating $ETH — over the past 3 days, many whales have collectively bought 394,682 $ETH($1.37B).https://t.co/RhDYQM0yl6 pic.twitter.com/3qMSojTSTu — Lookonchain (@lookonchain) November 6, 2025 EXPLORE: The 12+ Hottest Crypto Presales to Buy Right Now 1 day ago Arthur Hays: Bull Market Still In Play By Arijit Mukherjee The Maelstrom chief investment officer noted in a Tuesday post that the Bitcoin price has fallen 27% over the past month. Even so, he believes the Federal Reserve could still pave the way for another rally. Hayes said the next chapter for Bitcoin may start when the Fed begins what he calls “stealth quantitative easing,” a quiet return of liquidity disguised as cautious policy. For now, he said, markets are feeling the strain from a liquidity squeeze tied to the ongoing US government shutdown. Hayes also admitted there’s no way to know when that shift will arrive. Fed Chair Jerome Powell has said quantitative tightening will end by Dec. 1, though there’s no guarantee of another rate cut next month. Read More Here 1 day ago ETH Nightmare Scenario? Analysts Warns of A Downside Risk By Arijit Mukherjee Crypto analyst Ali Martinez, known as @ali_charts on X, has outlined a worst-case scenario for ETH. He has warned that ETH’s price could drop as low as $1,700. He believes that ETH might not recover to $4,000 and could lose momentum near the $3,800 support level. The worst-case scenario: Ethereum $ETH fails to reclaim $4,000, breaks through $3,800 support, and drops to $2,400 or $1,700. pic.twitter.com/oKK5VbVRd0 — Ali (@ali_charts) November 4, 2025 Based on his chart’s analysis, ETH could drop to $2,400 or even $1,700 by mid-2026. If that comes to pass, it would mean a 46% decline from its current price. EXPLORE: Next 1000X Crypto – Here’s 10+ Crypto Tokens That Can Hit 1000x This Year The post Crypto News Today: BTC Bulls Still In Play? ETH Targets $4k As Big Money Moves In appeared first on 99Bitcoins.