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Сооснователь инвестфонда CMCC Crest Вилли Ву (Willy Woo) заявил, что в ближайшие две недели цена биткоина может продемонстрировать рост. Причина: увеличился приток ликвидности на крипторынок.

Last week proved quite volatile in the Bitcoin (BTC) market as prices retested the psychological $100,000 price level following a sustained price correction that began in early October. Amid this price decline, the US Bitcoin Spot ETFs suffered a similar tumultuous fate, registering a net outflow of over $1 billion.

Bitcoin ETFs See $1.28B In Net Withdrawals As Price Struggles Persist

According to data from SoSovalue, capital outflows of 12 Bitcoin ETFs reached $558.4 million on Friday, taking total net outflows in the first week of November to $1.28 billion. This development indicates significant caution among institutional investors as Bitcoin strives to find price stability. 

The largest outflows of the week came from BlackRock’s IBIT, which suffered net withdrawals of $580.98 million. The investment fund now holds net assets of $82.28 billion, accounting for 3.97% of the total Bitcoin market cap.  Fidelity’s FBTC also suffered the heavy brunt of investors’ fear as net outflows climbed to $438.30 million. However, with cumulative net inflows of $12 billion, FBTC still remains the second-best performing Bitcoin spot ETF.

Other market players with significant performances include Ark Invest’s ARKB and Grayscale’s GBTC, which recorded net capital drain of $128.92 million and $64.33 million, respectively. Meanwhile, VanEck’s HODL, Valkyrie’s BRRR, and Franklin Templeton’s EZBC suffered negative cash flow losses ranging $8 million – $13 million. 

Interestingly, Bitwise’s BITB and Grayscale’s BTC produced the net inflows of the week valued at $4.69 million and $21.61 million, respectively. However, Invesco’s BTCO, WisdomTree’s BTCW, and Hashdex’s DEFI all recorded zero netflow, despite heavy market activity.

At press time, the Bitcoin spot ETFs now report a net outflow of $1.22 billion for November. Nevertheless, the cumulative total net inflow for the 12 investment funds is valued at $59.97 billion, as aggregated net assets drop to $138.08 billion by 6.5% from last week in October.

BTC Price Overview

At press time, Bitcoin trades at $101,901 after a 0.98% decline in the past 24 hours.  Meanwhile, daily trading volume is down by 42.62% and valued at $53.58 billion. Following the intense price correction of the last week, the premier cryptocurrency is now 18.93% away from its all-time high of $126,198.

Coincodex analysts predict a market recovery in the next five days, tipping BTC to hit $129,442. However, they project some retracement after forcing the premier cryptocurrency to stabilize around $111,963 in a month.

Активно создающие запасы криптовалют компании должны переходить к более сложным инвестиционным стратегиям, иначе они рискуют потерять интерес со стороны вкладчиков, заявил инвестиционный директор Bitwise Мэтт Хоуган (Matt Hougan).

Испанская полиция задержала Альваро Ромильо Кастильо (Álvaro Romillo Castillo), известного под псевдонимом «Cryptospain». Он обвиняется в создании криптопирамиды, из-за которой примерно три тысячи инвесторов потеряли около $300 млн.

Финансовый аналитик Мел Мэттисон (Mel Mattison) заявил, что рост курса биткоина до $250 000 может вызвать «взрывной пик» — ситуацию, при которой инвесторы начнут массово фиксировать прибыль.

Global banking behemoth JPMorgan Chase has disclosed its increased exposure to the world’s largest cryptocurrency through BlackRock’s spot Bitcoin exchange-traded fund (ETF), iShares Bitcoin Trust (IBIT). 

JPMorgan Held 5.2 Million IBIT At End Q3

In the latest 13-F filing with the United States Securities and Exchange Commission (SEC), JPMorgan disclosed its holding of 5,284,190 IBIT shares, BlackRock’s spot Bitcoin ETF, as of September 30. This third-quarter figure represents a sharp 64% increase in the firm’s exposure to spot Bitcoin exchange-traded funds.

JPMorgan’s IBIT holdings, which were worth about $333 million as of September 30, are now valued at around $312 million. While the bank’s expanded position places it amongst one of the major institutional holders of BlackRock’s Bitcoin ETF, it still sits behind other firms, like Goldman Sachs, with significantly larger holdings. Goldman Sachs disclosed that it held 30.8 million shares of IBIT in the first quarter of 2025. 

Furthermore, the filing with the SEC shows that JPMorgan held IBIT call options worth $68 million and put options worth $133 million as of September 30. 

The increased investment in spot Bitcoin ETFs is consistent with the bank’s price expectations for the flagship cryptocurrency. In a recent report, strategist Nikolaos Panigirtzoglou and his team shared that deleveraging in the crypto derivatives market, especially Bitcoin perpetual futures, appears to be mostly over.

The JPMorgan analysts revealed that the recent rise in gold volatility has made BTC a more attractive investment option on a risk-adjusted basis. Using this gold-based model, the pundits argued that Bitcoin is fairly undervalued compared to gold and could see a significant upward movement to around $170,00 over the next 6 to 12 months.

As of this writing, the price of BTC stands around $102,900, reflecting an over 1% jump in the past 24 hours. However, the premier cryptocurrency is still deep in the red on medium-term timeframes. According to data from CoinGecko, the BTC price is down by more than 6% in the last seven days.

BlackRock’s IBIT Struggles In Recent Weeks

BlackRock’s Bitcoin ETF has somewhat struggled over the past few weeks, registering significant withdrawals in the last two. According to data from SoSoValue, the exchange-traded fund posted a weekly net outflow of over $403 million in the previous week.

Excluding its performance on Friday, November 7, BlackRock’s IBIT looks set to record a weekly net outflow of roughly $450 million. Nevertheless, the iShares Bitcoin Trust still ranks as the largest spot BTC exchange-traded fund with a net asset of $80.58 billion under management.

As Ripple expands its offerings and operations to broader markets, the crypto company’s President, Monica Long, has unveiled its next phases of growth that could set the stage for a new era for XRP. The suggested roadmap points toward expanded innovation, deeper institutional adoption, and a broader role for the XRP Ledger (XRPL) in the global financial sector.

Ripple’s President Outlines Next Chapter For XRP

At the Ripple Swell 2025 event, held on November 4-5, Long shared the company’s ambitious roadmap for XRP, giving the crypto community a glimpse of Ripple’s future ecosystem plans. Speaking with CoinDesk, she explained that Ripple’s vision extends well beyond payments, focusing on developing a robust infrastructure that promotes financial inclusion globally. 

According to the Ripple President, the crypto payments company now runs two main parts of its business. One division focuses on helping financial institutions adopt digital assets, while the other is dedicated to enhancing the XRP Ledger through continuous innovation. She also emphasized that the XRP Ledger has grown a lot in the past few years, with numerous updates enhancing its strength, speed, and reliability.

Another big growth step the Ripple President mentioned for the ecosystem is a new lending protocol expected to expand how people and businesses interact and use XRP. Long added that Ripple is currently investing heavily in new use cases that show how its ledger can support more than just global digital asset payments. 

Long has reported that a significant part of Ripple’s roadmap involves bringing more institutions onto the crypto network by offering real, practical tools. She noted that stablecoins, for instance, enable companies to transfer value quickly and efficiently. By integrating stablecoins into the XRP Ledger, Ripple aims to enhance the cryptocurrency’s real-world utility and strengthen its liquidity. 

Commenting on the growth plans, prominent crypto analyst X Finance Bull noted that Ripple’s next big steps mark a shift away from speculation and toward global adoption. Long remarked that the crypto company’s development strategy reflects a “flywheel effect” between utility, trust, and liquidity.

More Updates And Milestones Revealed At The Ripple Swell

At the Swell 2025 event, Ripple also announced that it had recently closed a $500 million strategic investment round, valued at about $40 billion. The round was led by Fortress Investment Group and Citadel Securities, with participation from Panera Capital, Galaxy Digital, and others. Notably, the large-scale investment round highlights growing institutional confidence in Ripple’s leadership and business model after its most successful year to date. 

Additionally, Ripple highlighted recent milestones within its ecosystem. The company reported more than $95 billion in total payment volume across its global payments network and more than $1 billion in market capitalization for its RLUSD stablecoin. Ripple also discussed its six strategic acquisitions, completed in just over two years, which have expanded its reach across payments, custody, and stablecoins.

The price of Bitcoin began the new month on a rough note, continuing its tumultuous run from October. On the afternoon of Friday, November 7, the premier cryptocurrency briefly fell below the psychological $100,000 level for the second time in the past week.

The struggles of the Bitcoin price in recent weeks have been attributed to a shift in the behavior of investors, especially a class known as the long-term holders (LTHs). A prominent crypto expert on X has come forward with more insights as to the impact of the LTH behavior on BTC price.

BTC Apparent Demand Growth Turns Negative

In his latest post on the X platform, CryptoQuant’s Head of Research, Julio Moreno, acknowledged that the Bitcoin long-term holders have indeed been offloading their assets over the past few weeks. The crypto expert, however, noted that this increased selling activity by LTHs is not something new.

According to Moreno, it is quite normal for Bitcoin long-term investors to shave off some of their holdings during the bull markets, as they look to take some profits while prices are high. What has been different this time around is that there has been no corresponding demand to mop up these offloads.

To back this, Moreno shared a chart comprising the long-term holder spending and apparent demand growth in the past few years. For context, apparent demand growth measures the difference between how much of an asset (Bitcoin, in this case) is being acquired compared to the quantity being created (mined).

The CryptoQuant Head of Research noted that the Bitcoin price had reached new all-time highs in the past during periods of increased long-term holders selling—albeit with positive apparent demand growth. As observed in the chart, this occurred during all-time-high rallies of January-March 2024 and November-December 2024.  

The highlighted chart also shows that the Bitcoin long-term holders have been selling since October, which is not particularly out of place. However, the apparent demand growth has been contracting, implying that there has been no buy pressure to absorb the LTH supply at higher prices.

Ultimately, this on-chain observation suggests that less focus should be placed on the selling activity of the Bitcoin long-term holders. If there is to be a turnaround for the price of BTC over the coming weeks, a positive apparent demand growth would need to be in place first.

Bitcoin Price At A Glance

As of this writing, the flagship cryptocurrency has recovered back above $100,000 and is valued at around $103,700, reflecting an almost 3% jump in the past 24 hours.

In the volatile world of cryptocurrency trading, price discrepancies between exchanges can offer crucial insights into regional demand and market sentiment. Bitcoin is trading at a discount on Coinbase, a leading US-based crypto exchange, compared to its prices on global platforms. The exchange’s spot pricing has slipped into a discount relative to major offshore platforms.

Market Sentiment Softens Ahead Of Key Economic Data

A full-time crypto trader and investor, Daan Crypto Trades, has highlighted on X that it’s not unusual for Bitcoin to trade at a discount on Coinbase, and this happens quite often during a larger market pullback. However, the current discount is not as substantial as it was in the previous cycle.

The discount is fundamentally created when the market is oversupplied with spot selling pressure originating from the Coinbase platform, particularly from the ETFs, US investors, and institutional investors. Generally, this discount on Coinbase is not the strongest sign, but it points to downward momentum. As seen on the chart, the market rarely bottoms locally without first undergoing such a period of heavy selling, which generates the discount.

Daan noted that this data is similar to tracking ETF flows, and the fact that BTC’s price on Coinbase is negative is not a bullish indicator. However, if the BTC price can sustain or start grinding higher after absorbing this period of heavy selling pressure, which is indicated by the discount, that could be a bullish sign for BTC. “Always compare the data to know how the price is moving,” the expert mentioned.

Why This Cycle Might Last Longer Than Expected

Crypto analyst Batman has highlighted a fascinating perspective from giants like Wintermute, which suggests that the concept of the Bitcoin four-year cycle is no longer relevant. However, Wintermute is now calling for a BTC supercycle. Offering his insights on the statement, Batman is supporting the idea using the BTC chart against the Institute for Supply Management (ISM) and Purchasing Managers’ Index (PMI) composite.

According to the expert, risky assets like BTC historically flourish in a growing economy. When the economy shows signs of slowing down, as reflected by the ISM and PMI contracting, it usually coincides with the cycle top for BTC and ushers in a period of price slowdown.

Despite BTC not maintaining an all-time high level, the ISM and PMI are literally just beginning to expand, making this cycle different. A prolonged debt cycle due to the global Covid-19 shutdown may also cause the delay of the BTC cycle, as shown by the ISM and PMI starting to turn around toward an upward direction.

The co-founder of Samourai Wallet, Keonne Rodriguez, was given the maximum prison time this week after his guilty plea in a US federal case linked to tools that allowed Bitcoin users to attempt to conceal their transactions.

According to court filings, the sentence aims to close a chapter that began with an indictment unsealed in April 2024.

Pleas And Sentencing Dates

According to court documents, Rodriguez pleaded guilty in mid-2025 to running an unlicensed money transmitting business. The plea did not encompass all counts within the original indictment but did result in the scheduling of a sentencing hearing.

On November 6, 2025, a judge imposed the longest prison term of five years sought by prosecutors for that count. His co-founder, William Lonergan Hill, faces related proceedings after being arrested overseas; extradition efforts are underway.

Defense: He lived in a $250,000 home in Harmony, PA unlike SBF. He’s an engineer. He’s a warm family man. Keonne Rodriguez: I agree with what my counsel said. My letter, I wanted it to be personal. I’ve been silent for 18 months. I wanted to bring my story to you

— Inner City Press (@innercitypress) November 6, 2025

Samourai Wallet: Allegations And Figures

According to the Department of Justice, Samourai Wallet and associated services processed approximately $2 billion in transactions that the government says included funds tied to illegal activity.

Prosecutors say that more than $100 million of criminal proceeds were laundered through features allowing users to mix or route coins via extra hops.

The tools at the center of the case — known as Whirlpool and Ricochet — were repeatedly mentioned in filings as methods that made tracing funds difficult. The government also said the founders marketed these features in ways they said appealed to bad actors.

Records show the charge of unlicensed money-transmitting business carries up to five years in prison. The federal probation office had suggested a term below that, recommending about 42 months, but prosecutors asked the court to impose the full five-year sentence.

Those figures were based on court documents and public statements by the US Attorney’s Office in the Southern District of New York.

Charges Narrowed, Questions Remain

Reports have identified that the defendants did not plead guilty to each of the counts in the original complaint, with the plea agreement leaving some counts unresolved.

That has left defense lawyers and outside experts focusing on what the case means for software developers and privacy tools that operate in the cryptocurrency space.

Legal filings reflect a complex combination of criminal allegations and regulatory questions, and in various hearings, both parties used technical and legal arguments.

Legal And Community Reactions

The sentence has drawn sharp takes from different corners. Privacy advocates warn that criminal penalties aimed at developers could chill open-source work and set new limits on tools used by ordinary people to protect their financial privacy.

Featured image from Unsplash, chart from TradingView

Early in November, Bitcoin (BTC) went as far as slipping beneath its $100,000 psychological support, reaching about $98,900 before reclaiming its six-figure valuation. While this may suggest the predominance of a bearish sentiment among its investors, a recent on-chain evaluation has surfaced, explaining why the Bitcoin price might soon experience a major reversal.

Binance Sees Increased STH Activity; Triggers Liquidation Cascade

In a recent QuickTake post on CryptoQuant, on-chain analyst Amr Taha reveals a sudden shift in Bitcoin retail activity on the Binance network. Taha’s report dwells on the ‘[Bitcoin] LTH/STH Buy/Sell Binance’ metric, which tracks buying and selling activity on Binance, distinguishing between Long-Term Holders (LTHs) and Short-Term Holders (STHs). 

Taha points out that as of the 3rd and 5th of November, Binance recorded a significant increase in the selling activity of Bitcoin’s STHs, especially from holders known as “clown wallets”. About 251 BTC flowed into Binance on the 3rd of November, while an even greater amount of BTC, approximately 517, was sent to Binance on the 5th of this month.

Owing to these STHs’ usual inclination to panic, their positions often serve as liquidity to the cryptocurrency’s long-term holders who grab the chance of accumulation amid a fear-driven retail market.

 

On another hand, the analyst highlights results from the BTC: Binance Liquidation Delta, a metric that measures the difference between long and short liquidations on Binance, thereby revealing if more long or short positions are being forcefully closed. 

According to Taha, most of the recent liquidations appear to be long positions that were both entered too late into the Bitcoin cycle, and with high leverage. These positions were forcefully closed within the $107,000-$100,500 range, triggering what is commonly known as a long squeeze. For context, a long squeeze is a series of sales that follows after traders with overleveraged long positions are threatened, or have been wiped out. 

Although a long squeeze typically causes the price to drop swiftly, it poses no significant issue to a cryptocurrency’s long-term investors. As a result, Bitcoin’s long-term holders have historically seen these events as accumulation chances, thereby standing as a soft cushion against the sharp nosedive the cryptocurrency’s price may be seeing. If historical trends were to recur, BTC may soon reach its price bottom, after which an accumulation and possible price expansion may ensue.

BTC Price Overview 

At the time of writing, Bitcoin holds a valuation of about $103,500. The cryptocurrency has seen a 24-hour growth of more than 2%, per data from CoinMarketCap.

The Dogecoin and Shiba Inu prices are down today after a brief rebound yesterday. Crypto pundit Nobler has suggested that these price declines are due to price manipulation rather than a wave of sell-offs among investors. 

Why The Dogecoin and Shiba Inu Prices Are Down

CoinMarketCap data shows that the Dogecoin and Shiba Inu prices are on the decline today, following significant gains yesterday. In an X post, Nobler stated that Binance, Wintermute, and BlackRock were all selling Bitcoin ahead of the Federal Reserve’s announcement. This explains the DOGE and SHIB decline given the meme coins’ correlation with the flagship crypto. 

Nobler alleged that these firms have sold over $1.5 billion in Bitcoin and continue to sell more. The pundit added that there was too much market manipulation. Bitcoin is currently struggling to hold above the $100,000 level, which has sparked a bearish sentiment towards the Dogecoin and Shiba Inu prices. 

The Dogecoin price is currently trading way below the psychological $0.2 level, while the Shiba Inu price continues to underperform, down over 53% since the start of the year. The foremost meme coins are also at risk of a further decline, with speculations that the crypto market might already be in a bear market.

Market maker Wintermute recently claimed that liquidity has stopped flowing into the crypto market, which is why the bull market has halted while the Dogecoin and Shiba Inu prices decline. The market maker further noted that momentum in stablecoins, ETFs, and digital asset treasuries (DATs) has slowed, highlighting a liquidity drain in the market. 

Notably, companies such as CleanCore and Bit Origin had accumulated DOGE earlier in the year but have since slowed their purchase of the foremost meme coin. Meanwhile, Santiment data also showed that there has been a drop in DOGE and SHIB whale transactions, which also explained the decline in the Dogecoin and Shiba Inu prices. 

Macro Target For DOGE Still Remains $1

Despite the recent decline in the Dogecoin price, crypto analyst XForce stated that the macro target for DOGE remains between $1 and $2, which would mark new all-time highs (ATHs) for the foremost meme coin. He noted that DOGE has arguably been one of the best idealized Elliot wave 5-wave structures on the macro up to the wave 4 termination point. 

Furthermore, XForce remarked that the only bullish option left will be observed as an Expanding Ending Diagonal, as impulsive options are now off the table. Meanwhile, crypto pundit SHIB Booster stated that the Shiba Inu price could rally soon as tokens from last bull season are now recording significant gains. The pundit added that a small wave of momentum could send the SHIB price back toward the mid-range, around $0.00001603.

The Decentralized Autonomous Organization (DAO) behind troubled DeFi protocol Balancer has issued a notice to the wallet behind a $128 million heist of the money maker project. The Balancer DAO is requesting that the hackers cooperate to resolve the situation or face an escalation in any form necessary.

Related Reading: Ripple CLO Sees ‘Skinny’ Fed Account As Solution To Banking Concerns, Touts Benefits Balancer To Hacker: Take Bounty Or Risk Persecution 

On Monday, Balancer suffered a major security breach resulting in the loss of assets worth over $100 million. According to the report by the protocol’s development team, the attack affected the balancer V2 composable stable pools, which were outside the pause window due to their long-standing live on-chain period. 

Bitcoinist reported that the hackers deployed a malicious contract targeting at altering vault calls during these pools’ initialization and eventually dodging security protocols to steal about $70 million in Ethereum, among other assets. 

In an X post on Friday, the Balancer DAO, which serves as the protocol’s governing body, shows its efforts in reaching out to the hacker’s wallet via a blockchain message. The DAO is presenting an opportunity for an amicable settlement without any escalation or legal involvement. 

The DAO said:

We understand this wallet is linked to the exploit of Balancer V2 Composable Stable Pools on Nov 3rd. We are treating this as an opportunity for cooperation and would prefer to resolve this without escalation.

If you are willing to cooperate, reply to this message and begin contact procedures before November 8th, 21:00 UTC. If we do not hear from you by that time, we will assume you are unwilling to help make the liquidity providers whole and will escalate our response.

Notably, the message also includes an offer of a bounty, which allows the hacker to keep a percentage of the loot legally. 

The DAO added: 

We would like to extend you an offer: return the funds to the DAO multisig address in exchange for a bounty. The details of this offer shall be arranged privately. Upon verification that the returned funds meet the criterias, Balancer will not pursue legal action or investigative steps aimed at identifying or prosecuting the owner of the returning wallet that are based solely on the fact of the return.

With no reply by the specified deadline, the governing body intends to employ all technical, on-chain, and legal means to identify the attacker and initiate a persecution. Interestingly, they have also warned that the bounty offer will be given as a reward to any potential informant with relevant information on the attackers.

BAL Price Overview

At the time of writing, BAL, the native token of Balancer, is now trading at $0.8547 following a 4.54% gain in the last day. However, the negative sentiment surrounding the recent hack amid a broader market correction is reflected in its weekly loss of 13.26%. 

Featured image from Securities.io, chart from Tradingview.com

Bitcoin’s mining industry is feeling growing strain as the key profitability gauge, hash price, slides toward levels that could push smaller operators offline and put pressure on mining equipment providers and service partners.

Hash Price Nears Danger Level

According to industry reports, hash price — the expected daily revenue per unit of computing power — is about $42 per PH/s today, down from above $62 per PH/s in July.

That dip toward the $40 mark is forcing some smaller and less efficient miners to weigh powering down their rigs. Reports have disclosed that when revenue falls this far, operators with thin margins can no longer cover power and maintenance bills.

Hardware makers and hosting firms are being affected. Orders for machines have slowed, and any income tied to Bitcoin has lost value after the market slide in October.

Some manufacturers have started mining with their own machines to offset weaker customer demand. Bitdeer and similar firms have been reported to expand self-mining operations to fill gaps in sales.

Miners Move Into AI Compute

High capital costs and steady increases in hashrate make running ASIC farms tougher, especially after the April 2024 halving cut the block reward to 3.125 BTC.

Back in 2009, the block reward was 50 BTC and people could mine with CPUs. Today, only specialized hardware makes mining viable for most operators. That shift has pushed some companies to convert capacity into general compute for AI workloads.

Based on reports, big deals show the trend is real. Cipher Mining signed a $5.5 billion, 15-year deal to supply compute power to Amazon Web Services in October.

IREN later agreed to provide GPU services to Microsoft in a contract valued at $9.7 billion. These moves are meant to bring steady revenue when Bitcoin mining profits shrink.

Market Slump Adds To Miner Stress

Bitcoin’s price weakness has compounded the problem. The token briefly fell below $100,000, trading as much as 20% below the October 6 high of above $126,000.

Analysts point to heavy selling by long-term holders: since late June, net sales from that group have topped 1 million bitcoin, according to Compass Point analyst Ed Engel.

A large liquidation of leveraged positions on Oct. 10 also shook the market and knocked out support levels near $117,000 and $112,000.

Markus Thielen, founder and CEO of 10X Research, said the market’s failure to reclaim key levels suggests bearish conditions, and his firm maintains that bitcoin could still fall further before a bottom appears.

His team had earlier forecast a drop to $100,000 and now says a buyable bottom may be “a few weeks away.”

Featured image from Pexels, chart from TradingView

The recent crypto market downturn triggered a sharp decline in the Dogecoin price that saw it erase its gains from prior days. However, this move has also exposed a critical level that the cryptocurrency must hold if there is to be any hope of a recovery. As with any critical support level, holding above it with momentum has its upsides, but also, breaking below it could have some dire consequences for Dogecoin holders, who are already seeing a lot of losses.

Why Dogecoin Price Must Hold $0.15

In a shared post on TradingView, crypto analyst The Alchemist Trader highlighted how the Dogecoin price is now facing critical support just above $0.15. This level has held through the last drawdown as buyers seem to have chosen this level to stage their defense. However, the meme coin is still not out of the woods, making the next moves all the more important.

The analyst explained that the last recovery attempt stopping so abruptly was a testament to the lack of bullish momentum. Given this, it is possible that bears might push the Dogecoin price back down enough to actually revisit the $0.15 level, and here, the strength of the support would be tested once again.

With the Dogeocin price still holding above $0.15, it points to some bullish sentiment that still remains. The Alchemist Trader also added that it is keeping the meme coin within a broader range, and this means that there is still the potential that the price will recover.

If the cryptocurrency is able to hold $0.15, bouncing off with momentum, then it could maintain its short-term bullish structure. A bounce could see it rise by more than 20%, with the next major resistance lying at the $0.2 level that has been a hurdle in the past.

What Happens If Support At $0.15 Fails?

The support at $0.15 is currently the level holding the Dogecoin price from crashing further. Therefore, if this level fails to hold, then it means that the digital asset risks a deeper decline from here. As the analyst’s post highlights, the Dogecoin price is already suffering from a weak rebound and declining volume.

These two factors suggest that Dogecoin is in a phase of consolidation, which is historically a very volatile phase for any cryptocurrency. So, a break below this level could see the price crash further to fill the wick from the October 10 crash. “If Dogecoin maintains its footing above $0.15, a gradual rotation toward $0.20 is likely, but a clean break below support could trigger a deeper correction in the short term,” the analyst explained.

American bankers are urging the US Treasury Department to enforce the prohibition on interest for payment stablecoins in the GENIUS Act. In response, cryptocurrency exchange Coinbase, has called on the Treasury to ensure that the forthcoming regulations align with Congress’s original intentions regarding the act.

Coinbase Pushes Back On GENIUS Act’s Interest Restrictions

According to the bill, signed by President Trump back in July, “No permitted payment stablecoin issuer or foreign payment stablecoin issuer shall pay the holder of any payment stablecoin any form of interest or yield (whether in cash, tokens, or other consideration) solely in connection with the holding, use, or retention of such payment stablecoin.” 

However, companies like Coinbase are exploring a potential loophole that they believe allows them to continue offering yields on stablecoin deposits. They argue that since these platforms are not the issuers of the stablecoins, the prohibition does not apply to them.

Coinbase’s letter to the Treasury was a direct response to an advanced notice regarding the GENIUS Act’s implementation. In this letter, dated November 4, Coinbase argued that interpreting third-party rewards or loyalty programs as prohibited “interest” would fundamentally alter the intent of Congress and contradict the statute’s text and purpose. 

The letter warned that any misinterpretation of the GENIUS Act could harm consumers by eliminating market-based incentives that reduce payment costs, encourage merchant acceptance, and assist new users in adopting regulated US stablecoins.

Banking Sector Unites Against Stablecoin Interest

The response from the banking sector was robust, with the Consumer Bankers Association, the American Bankers Association, the Bank Policy Institute, the Financial Services Forum, and The Clearing House Association collectively representing the interests of American banks. 

They asserted that Congress intended the prohibition on stablecoin interest to be broadly interpreted. Their letter indicated that any interest or yield payments that the GENIUS Act prohibits should encompass any economic benefits provided by issuers, directly or indirectly, including those through affiliates or partners. 

They cautioned that allowing stablecoin interest would effectively transform these digital assets into investment products, which could lead consumers to perceive stablecoins as akin to bank accounts, potentially resulting in a “deposit flight” that threatens banks’ ability to generate credit.

Beyond concerns related to interest payments, Coinbase also raised issues regarding the taxation of stablecoins. The firm argued that stablecoins should be classified as pure payment instruments for tax purposes, rather than as forms of debt or investment. 

They posited that treating payment stablecoins as debt would introduce unnecessary complexity into the financial system. Instead, Coinbase advocated for these stablecoins to be considered cash equivalents, which would simplify their tax treatment and support their intended use as payment mechanisms.

Featured image from DALL-E, chart from TradingView.com

Самая большая экзистенциальная угроза биткоину, связанная с расшифровкой криптоалгоритмов RSA, может быть реализована намного быстрее ожидаемого, заявил криптоаналитик и основатель инвестиционной компании Capriole Invest Чарльз Эдвардс (Charles Edwards).

The price of Bitcoin is trading just below $103,000 after falling by 16% over the past month, and even the market’s most optimistic believers are tempering expectations. 

ARK Invest CEO Cathie Wood, known for her bold projections for Bitcoin, said during an interview on CNBC’s Squawk Box that she has revised her bullish Bitcoin price target downward by $300,000, citing the rapid rise of stablecoins as the main reason for the adjustment.

Stablecoins Taking Over Part Of Bitcoin’s Role

Wood explained that stablecoins are fulfilling a function she and her team initially believed Bitcoin would dominate, i.e., serving as a financial tool for emerging economies. She noted that stablecoins have become the preferred digital assets in many markets. According to her, this trend has expanded far more quickly than anyone expected, leading ARK Invest to trim its long-term bullish projection for Bitcoin by $300,000. This brings down the Bitcoin projection from $1.5 million by 2030 to about $1.2 million.

Wood said the firm’s models now recognize that stablecoins are scaling faster than anticipated. In her words, “stablecoins are scaling here much faster than anyone,” and their growth is effectively taking a slice of the market Bitcoin was once expected to capture.

Gold, Institutions, And The Bigger Picture

When asked if gold is factored into her forecast, Wood explained that the $300,000 reduction assumes all other things being equal, and gold continues to grow the way it is. 

However, since gold has also doubled in value since ARK Invest’s initial Bitcoin forecast, the comparison has become more nuanced. She reiterated that Bitcoin’s investment case remains intact because it is both digital gold and a technological innovation forming the foundation of a global monetary system.

Wood noted that Bitcoin is the “lead in a new asset class” while distinguishing stablecoins as digital cash equivalents. The relationship between gold, stablecoins, and Bitcoin represents what she described as a dynamic interplay of “puts and takes.” Despite trimming her price forecast, Wood stressed that ARK is fundamentally bullish on Bitcoin’s long-term potential.

Even as ARK Invest moderates expectations, Wood highlighted that institutional interest in Bitcoin and blockchain-based payment systems is still at an early stage. She noted that large financial players are only beginning to test the waters, with early experiments in new payment rails and digital asset integration just beginning to take shape.

For Wood, this early stage of institutional involvement is the first of a long runway for Bitcoin’s growth. Despite the current short-term market weakness and competition from stablecoins, she also maintained her belief in Bitcoin’s technological role as the lead in a new asset class.

“We have just started,” she said, adding that there is still “a long way to go.”

At the time of writing, Bitcoin is trading at $102,413, up by 1% in the past 24 hours but down by 7% and 16% in the past seven and 30 days, respectively.

Featured image from Unsplash, chart from TradingView

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