XRP fell roughly $2 after Whale Alert flagged Ripple’s routine monthly transfer of 500 million XRP, reviving trader concerns about added sell-side pressure. Market participants are watching on-chain flows and exchange inflows for signs of distribution.
Robert Kiyosaki is urging investors to rotate into Bitcoin as a rapid unwind of the yen carry trade raises fears of a broader market sell-off. He positions BTC as a potential hedge as volatility intensifies.
Bitcoin plunged below $100,000, sliding past $98,000 as a cascade of liquidations wiped out roughly $655 million of bullish positions; the move leaves BTC probing a key $95,000 support level.
On-chain flows show whales and institutional players moving large amounts of BTC and ETH as Bitcoin drops 6.15% and Ethereum falls 9.43%, suggesting accumulation. These moves could be positioning for a market reversal but macro risks remain.
Bitcoin fell with risk assets as unreliable US data, shifting Fed expectations and rising BTC–equity correlation hit investor confidence. A clearer macro picture or Fed guidance could spark a rebound.
Bitcoin slipped about 3% to roughly $98,600, pushing crypto-linked equities lower; MicroStrategy (MSTR), the largest corporate bitcoin holder, tumbled over 6.6% to around $210. The move has renewed questions about whether MSTR should trade as a bitcoin proxy or a standalone software/holdings play.
Circle shares slid to $85 even after beating estimates and reporting a record third quarter. Bernstein analysts say fundamentals remain intact and highlight USDC's "Prime Network" as a competitive advantage.
Binance's listing announcement sent two altcoins higher, with one surging roughly 60% in pre-listing trading while the other posted a smaller rally. The move highlights how major exchange listings can quickly reshape short-term liquidity and price action.
The U.S. shutdown has wrapped up, but the loss of October inflation data leaves markets without a crucial read on price pressures as year-end approaches, increasing uncertainty for Bitcoin. Traders will likely rely more on market signals and Fed communications in the near term.
Zcash fell sharply on Nov. 12 before recovering as Bitcoin billionaire Arthur Hayes warned holders to withdraw ZEC from exchanges, citing custody and regulatory concerns.