Bitcoin briefly dipped below $108,000 overnight as the broader crypto market slid by several percent on October 30. The drop followed remarks from Fed Chair Jerome Powell, suggesting that Octoberβs rate cut might be the last one for 2025.
Market volatility increased further in the morning after U.S.βChina talks concluded with joint statements hinting at progress in trade negotiations.
Over the past 24 hours, total crypto market capitalization fell by more than 2%, nearing $3.74 trillion, with intraday losses reaching around 4%. As of 08:50 a.m. UTC, Bitcoin traded below $111,000, while Ethereum hovered near $3,930 β both down about 2%, having earlier touched lows of $108,000 and $3,840, respectively.
More than $800 million in long positions were liquidated across exchanges during the past day, according to Coinglass data. Over 150,000 traders saw forced position closures, with the largest losses coming from bullish bets on BTC and ETH.
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β€12π8
Crypto market rates this evening:
π Bitcoin (BTC): $108,100
2β£ Ethereum (ETH): $3,725
π BNB (BNB): $1,019
π XRP (XRP): $2.41
π§ Solana (SOL): $176
π Total crypto market capitalization: $3.61T
π Bitcoin dominance: 59.7%
π Fear & Greed Index: 36 (fear)
π Top gainer: Aster (ASTER) +7.9% (24h)
π Top loser: Virtuals Protocol (VIRTUAL) β15.3% (24h)
Have a good weekend! π
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π Top gainer: Aster (ASTER) +7.9% (24h)
π Top loser: Virtuals Protocol (VIRTUAL) β15.3% (24h)
Have a good weekend! π
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β€8π7
π‘ Market Basics #1 β PnL & Risk Tools
What is PnL β and why it matters every time you trade?
PnL stands for Profit and Loss β it shows how much youβve earned or lost on a trade.
Realized PnL β profit after closing a position.
Unrealized PnL β how much youβre up or down while the trade is still open.
To manage risk, watch:
π Margin ratio β shows how close you are to liquidation.
π Leverage β more leverage means higher potential gain, but also higher risk.
π Position size β the smaller it is, the easier it is to stay in control.
Trade smart. Trade on BlockBits: https://blockbitstech.com
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What is PnL β and why it matters every time you trade?
PnL stands for Profit and Loss β it shows how much youβve earned or lost on a trade.
Realized PnL β profit after closing a position.
Unrealized PnL β how much youβre up or down while the trade is still open.
To manage risk, watch:
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β€5π5
Crypto market rates this morning:
π Bitcoin (BTC): $102,392
2β£ Ethereum (ETH): $3,363
π XRP (XRP): $2.23
π BNB (BNB): $968
π§ Solana (SOL): $158
π Total crypto market capitalization: $3.41 trillion
π Bitcoin dominance: 60.42%
π Fear & Greed Index: 24 (βExtreme Fearβ)
π Among the top 100 cryptocurrencies by market cap, Filecoin (FIL) showed the largest gain over the past 24 hours β up 60%.
π The biggest loser in the last 24 hours was ZKsync (ZK) β down 6%.
Have a good Friday! π
π Trade on BlockBits: blockbitstech.com
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π Among the top 100 cryptocurrencies by market cap, Filecoin (FIL) showed the largest gain over the past 24 hours β up 60%.
π The biggest loser in the last 24 hours was ZKsync (ZK) β down 6%.
Have a good Friday! π
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π10β€7
How AI Models Traded Crypto β and How ChatGPT βBurnedβ Its Deposit
In October, six popular language models β including ChatGPT, Gemini, and DeepSeek β took part in a crypto trading experiment.
Each model received $10,000 in real funds and operated under identical conditions: every three minutes, they were fed the same market data for six major cryptocurrencies, but trading decisions were made independently.
After just two weeks, four models had lost money. ChatGPT was down 60% of its deposit, Gemini lost 57%. Only DeepSeek and QWEN3 finished in profit, though even their gains were partly eaten up by trading fees.
Curious how youβd perform against AI traders?
π Try your own strategy on BlockBits: https://blockbitstech.com
π BlockBits: β Telegram | Discord π¬
In October, six popular language models β including ChatGPT, Gemini, and DeepSeek β took part in a crypto trading experiment.
Each model received $10,000 in real funds and operated under identical conditions: every three minutes, they were fed the same market data for six major cryptocurrencies, but trading decisions were made independently.
After just two weeks, four models had lost money. ChatGPT was down 60% of its deposit, Gemini lost 57%. Only DeepSeek and QWEN3 finished in profit, though even their gains were partly eaten up by trading fees.
Curious how youβd perform against AI traders?
π Try your own strategy on BlockBits: https://blockbitstech.com
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β€2π1
πΈ Experts Calculate Crypto Market Losses for October
The news terminal Infinityhedge released consolidated statistics for the crypto market in October. The authors ironically dubbed the month βOCTOVERβ, referencing the sharp market crash and massive losses.
π Total crypto futures liquidations exceeded $45 billion.
π Among top cryptocurrencies: BTC fell 19%, ETH β 29%, SOL β 33%, XRP β 27%, BNB β 29%.
π The overall crypto market capitalization dropped by $1 trillion, now sitting 25% below its all-time high.
π Losses from crypto-related hacks reached around $100 million.
Interestingly, the month began with Bitcoin hitting a new all-time high β and was traditionally considered one of the most favorable periods for the crypto market.
β‘οΈ Trade the comeback on BlockBits: https://blockbitstech.com
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The news terminal Infinityhedge released consolidated statistics for the crypto market in October. The authors ironically dubbed the month βOCTOVERβ, referencing the sharp market crash and massive losses.
Interestingly, the month began with Bitcoin hitting a new all-time high β and was traditionally considered one of the most favorable periods for the crypto market.
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β€2π1
Cryptocurrency Zcash has risen to 13th place in the global ranking, showing a significant increase in value to $615 USD.
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β€1π1
Crypto market rates this morning:
π Bitcoin (BTC): $106,073
2β£ Ethereum (ETH): $3,603
π XRP (XRP): $2.45
π BNB (BNB): $1,006
π§ Solana (SOL): $167
π Total crypto market capitalization: $3.56 trillion
π Bitcoin dominance: 59.93%
π Fear & Greed Index: 29 (βFearβ)
π Among the top 100 cryptocurrencies by market cap, Decred (DCR) showed the biggest gain over the past 24 hours β up 70%.
π The steepest drop came from Internet Computer (ICP) β down 10% in the same period.
Have a good week! π
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π Among the top 100 cryptocurrencies by market cap, Decred (DCR) showed the biggest gain over the past 24 hours β up 70%.
π The steepest drop came from Internet Computer (ICP) β down 10% in the same period.
Have a good week! π
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π3β€1
Wintermute: Altcoin Rally Depends on Bitcoinβs Proximity to All-Time Highs
The crypto market has steadied after Octoberβs decline. Sentiment is improving and investors are gradually taking on selective risk, though capital inflows remain narrow and uneven, according to a new research note by market maker Wintermute. Analysts believe that a broader recovery still hinges on Bitcoin moving closer to its historical peak.
Historically, altcoins tend to outperform once Bitcoin trades within roughly 10% of its all-time high. At present, BTC is about 16% below that level β and in such conditions, Bitcoin itself outperforms altcoins in around 54% of cases. If the price retreats toward $100K, the likelihood of this scenario increases to 58%.
This, Wintermute notes, explains why the recent uptick in older tokens such as FIL, ICP, and FET was short-lived β the market lacked a confirming signal from Bitcoinβs trend.
Still, a few βblue chipsβ with strong individual catalysts, including HYPE, ENA, and UNI, continue to show relative strength, partly supported by expectations of shifts in U.S. regulatory policy. Overall, however, the altcoin space now behaves more like an options market β marked by brief spikes and limited follow-through unless Bitcoin leads the way.
Wintermute expects the next wave of volatility to likely be triggered by U.S. policy headlines.
π Chart insight:
π X-axis: how far Bitcoin is trading from its ATH (in %);
π Y-axis: the frequency (in %) that altcoins β excluding ETH β outperform BTC over the following 30 days.
π BlockBits: π Website | β Telegram | π¬ Discord
The crypto market has steadied after Octoberβs decline. Sentiment is improving and investors are gradually taking on selective risk, though capital inflows remain narrow and uneven, according to a new research note by market maker Wintermute. Analysts believe that a broader recovery still hinges on Bitcoin moving closer to its historical peak.
Historically, altcoins tend to outperform once Bitcoin trades within roughly 10% of its all-time high. At present, BTC is about 16% below that level β and in such conditions, Bitcoin itself outperforms altcoins in around 54% of cases. If the price retreats toward $100K, the likelihood of this scenario increases to 58%.
This, Wintermute notes, explains why the recent uptick in older tokens such as FIL, ICP, and FET was short-lived β the market lacked a confirming signal from Bitcoinβs trend.
Still, a few βblue chipsβ with strong individual catalysts, including HYPE, ENA, and UNI, continue to show relative strength, partly supported by expectations of shifts in U.S. regulatory policy. Overall, however, the altcoin space now behaves more like an options market β marked by brief spikes and limited follow-through unless Bitcoin leads the way.
Wintermute expects the next wave of volatility to likely be triggered by U.S. policy headlines.
π Chart insight:
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β€3π1
π¨πΏ The Czech Central Bank Becomes the First in the World to Add Bitcoin to Its Portfolio
The Czech National Bank (CNB) has announced the creation of a $1 million test crypto portfolio that includes Bitcoin, USD-backed stablecoins, and a tokenized deposit. This marks the first known instance of Bitcoin appearing on a central bankβs balance sheet.
The pilot project was approved by the CNB Board on October 30. According to the bank, the goal is to gain practical experience working with digital assets and to test the processes of purchasing, storing, and managing them.
The investment is not part of the countryβs foreign exchange reserves and will not be increased. CNB Governor AleΕ‘ Michl recalled that the idea of creating this portfolio was proposed by him back in January 2025 to examine Bitcoin from a regulatorβs perspective and assess its potential as a diversification tool.
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The Czech National Bank (CNB) has announced the creation of a $1 million test crypto portfolio that includes Bitcoin, USD-backed stablecoins, and a tokenized deposit. This marks the first known instance of Bitcoin appearing on a central bankβs balance sheet.
The pilot project was approved by the CNB Board on October 30. According to the bank, the goal is to gain practical experience working with digital assets and to test the processes of purchasing, storing, and managing them.
The investment is not part of the countryβs foreign exchange reserves and will not be increased. CNB Governor AleΕ‘ Michl recalled that the idea of creating this portfolio was proposed by him back in January 2025 to examine Bitcoin from a regulatorβs perspective and assess its potential as a diversification tool.
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β€1π1
Conspiracy interpretations of Changpeng Zhaoβs posts have gone viral on X
Posts attempting to βdecodeβ messages from Binance founder Changpeng Zhao have gained popularity on X, with users searching for hidden signals about Bitcoinβs price movements.
In March, when the price dropped to $84,000, Zhao wrote: βFinally put the draft of the book on paper. 114,000 words. It will probably take three times more effort to rewrite everything.β
About a month later, Bitcoin began to rise, surpassing both $114,000 and later reaching new all-time highs. Until November, the price did not fall below $100,000.
On November 8, with Bitcoin trading around $103,000, Zhao posted: β97,000 words, 300 pages.β
During the night of November 13β14, Bitcoin fell to $96,000 and then started recovering. When the price returned to $97,000 the next morning, Zhao posted again:
βEvery bottom is taken by someone as the end of the world. But time goes on.β
Users continue to speculate about hidden meanings in his posts β especially what Zhao meant by the number 300.
BlockBits:π Website | β Telegram | π¬ Discord
Posts attempting to βdecodeβ messages from Binance founder Changpeng Zhao have gained popularity on X, with users searching for hidden signals about Bitcoinβs price movements.
In March, when the price dropped to $84,000, Zhao wrote: βFinally put the draft of the book on paper. 114,000 words. It will probably take three times more effort to rewrite everything.β
About a month later, Bitcoin began to rise, surpassing both $114,000 and later reaching new all-time highs. Until November, the price did not fall below $100,000.
On November 8, with Bitcoin trading around $103,000, Zhao posted: β97,000 words, 300 pages.β
During the night of November 13β14, Bitcoin fell to $96,000 and then started recovering. When the price returned to $97,000 the next morning, Zhao posted again:
βEvery bottom is taken by someone as the end of the world. But time goes on.β
Users continue to speculate about hidden meanings in his posts β especially what Zhao meant by the number 300.
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β€2π1
Crypto market rates this morning:
π Bitcoin (BTC): $95,122
2β£ Ethereum (ETH): $3,181
π XRP (XRP): $2.24
π BNB (BNB): $933
π§ Solana (SOL): $140
π Total crypto market capitalization: $3.23 trillion
π Bitcoin dominance: 59.39%
π Fear & Greed Index: 14 (βExtreme fearβ)
π Among the top 100 cryptocurrencies by market cap, the strongest 24-hour growth came from Aster (ASTER) β up 6.5%.
π The biggest drop over the last 24 hours was Starknet (STRK) β down 9%.
Have a good week! π
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π Among the top 100 cryptocurrencies by market cap, the strongest 24-hour growth came from Aster (ASTER) β up 6.5%.
π The biggest drop over the last 24 hours was Starknet (STRK) β down 9%.
Have a good week! π
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β€2π1
Crypto market rates this morning:
π Bitcoin (BTC): $90,282
2β£ Ethereum (ETH): $3,007
π XRP (XRP): $2.13
π BNB (BNB): $916
π§ Solana (SOL): $136
π Total crypto market capitalization: $3.09T
π Bitcoin dominance: 58.94%
π Fear & Greed Index: 15 (βExtreme fearβ)
π Among the top 100 cryptocurrencies by market cap, Starknet (STRK) showed the biggest gain over the past 24 hours β up 17%.
π The biggest drop in the last 24 hours came from Filecoin (FIL) β down 13%.
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π Among the top 100 cryptocurrencies by market cap, Starknet (STRK) showed the biggest gain over the past 24 hours β up 17%.
π The biggest drop in the last 24 hours came from Filecoin (FIL) β down 13%.
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β€3π2
$523 million withdrawn from BlackRockβs Bitcoin ETF in 24 hours β a record since launch
BlackRockβs iShares Bitcoin Trust (IBIT) recorded its largest single-day outflow since its launch in January 2024 during the trading session on November 19. Investors withdrew $523.15 million, surpassing the previous record of $463 million set last week.
IBIT remains the worldβs largest spot Bitcoin ETF with approximately $73 billion in assets. However, the fund has been experiencing consistent outflows since late October. Over the past five trading days, outflows reached $1.43 billion, and since the beginning of the month, the total has climbed to $2.19 billion.
When investors exit, ETF issuers such as BlackRock or Fidelity are required to redeem ETF shares and sell an equivalent amount of the underlying bitcoin that backs them. As a result, outflows from these funds lead to additional selling pressure on the market and may contribute to downward pressure on the price.
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BlackRockβs iShares Bitcoin Trust (IBIT) recorded its largest single-day outflow since its launch in January 2024 during the trading session on November 19. Investors withdrew $523.15 million, surpassing the previous record of $463 million set last week.
IBIT remains the worldβs largest spot Bitcoin ETF with approximately $73 billion in assets. However, the fund has been experiencing consistent outflows since late October. Over the past five trading days, outflows reached $1.43 billion, and since the beginning of the month, the total has climbed to $2.19 billion.
When investors exit, ETF issuers such as BlackRock or Fidelity are required to redeem ETF shares and sell an equivalent amount of the underlying bitcoin that backs them. As a result, outflows from these funds lead to additional selling pressure on the market and may contribute to downward pressure on the price.
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β€2π2
Crypto market rates this morning:
π Bitcoin (BTC): $87,441
2β£ Ethereum (ETH): $2,866
π XRP (XRP): $2.09
π BNB (BNB): $853
π§ Solana (SOL): $133
π Total crypto market capitalization: $2.98T
π Bitcoin dominance: 59.09%
π Fear & Greed Index: 11 (βExtreme fearβ)
π Among the top-100 cryptocurrencies by market cap, Canton (CC) showed the biggest daily gain at +11%.
π The largest 24-hour drop came from Starknet (STRK) at β8%.
Have a good week! π
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π Among the top-100 cryptocurrencies by market cap, Canton (CC) showed the biggest daily gain at +11%.
π The largest 24-hour drop came from Starknet (STRK) at β8%.
Have a good week! π
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β€3π1
New Yorkers will receive $12,000 in USDC as part of a basic-income pilot program.
The initiative covers 160 low-income residents. Each participant will get:
π $8,000 upfront
π Followed by five monthly payments of $800
The experiment aims to test whether stablecoins work better than traditional cash assistance, including speed, convenience, and lower transfer costs.
The program is funded by Coinbase and executed through GiveDirectly.
The focus areas β South Bronx and East Harlem β were chosen because they are among NYCβs most economically challenged neighborhoods and have shown openness to fintech innovation.
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The initiative covers 160 low-income residents. Each participant will get:
The experiment aims to test whether stablecoins work better than traditional cash assistance, including speed, convenience, and lower transfer costs.
The program is funded by Coinbase and executed through GiveDirectly.
The focus areas β South Bronx and East Harlem β were chosen because they are among NYCβs most economically challenged neighborhoods and have shown openness to fintech innovation.
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β€3π1
Renaissance or just another βpumpβ? Why Zcash surged 800%
A post by Naval Ravikant in support of Zcash became the starting point for a new wave of interest in the coin. Soon after, other well-known figures in the English-speaking crypto community voiced their support as well, and Zcash multiplied in price β landing in the spotlight for the first time in years.
The sudden rally split the community. Some call it a long-overdue revaluation: the project is evolving, the focus on privacy is strengthening, and major investors are getting involved. Others point to signs of a coordinated price-push, noting how suspiciously synchronised the praise from influential players has been.
Even with technical upgrades and fresh capital flowing in, itβs hard to ignore how simultaneously the coin received backing from high-profile market participants.
Is the rise of Zcash driven by genuine demand β or is it a βcoordinated pumpβ?
BlockBits:π Website | β Telegram | π¬ Discord
A post by Naval Ravikant in support of Zcash became the starting point for a new wave of interest in the coin. Soon after, other well-known figures in the English-speaking crypto community voiced their support as well, and Zcash multiplied in price β landing in the spotlight for the first time in years.
The sudden rally split the community. Some call it a long-overdue revaluation: the project is evolving, the focus on privacy is strengthening, and major investors are getting involved. Others point to signs of a coordinated price-push, noting how suspiciously synchronised the praise from influential players has been.
Even with technical upgrades and fresh capital flowing in, itβs hard to ignore how simultaneously the coin received backing from high-profile market participants.
Is the rise of Zcash driven by genuine demand β or is it a βcoordinated pumpβ?
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β€1π1
Crypto market rates this morning:
π Bitcoin (BTC): $87,544
2β£ Ethereum (ETH): $2,945
π XRP (XRP): $2.19
π BNB (BNB): $861
π§ Solana (SOL): $139
π Total crypto market capitalization: $3.01T
π Bitcoin dominance: 58.60%
π Fear & Greed Index: 15 (βExtreme fearβ)
π Top gainer in the top-100: Ethena (ENA), up 8% in the last 24 hours.
π Biggest loser: Zcash (ZEC), down 3% over the same period.
Have a good Wednesday! π
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π Top gainer in the top-100: Ethena (ENA), up 8% in the last 24 hours.
π Biggest loser: Zcash (ZEC), down 3% over the same period.
Have a good Wednesday! π
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What crypto projects are interesting to investors in 2026
The venture arm of Coinbase has published a list of areas it is ready to invest in. The fund is targeting not only traditional blockchain projects, but also intersections with AI, robotics, and trading infrastructure:
π Futures for tokenized assets β synthetic trading of real-world assets (RWA) through perpetual futures (perps). They donβt require physical collateral and allow markets to be launched for almost anything with demand.
π Specialized exchanges and terminals, for example, tools for professional trading on prediction markets or infrastructure that protects liquidity providers from aggressive trading strategies.
π Next-generation DeFi β trading venues integrated with lending protocols.
π Uncollateralized lending using on-chain reputation and external data sources.
π Privacy in on-chain products, including protection of trading strategies.
π AI and robotics.
π Data collection for training humanoid AI systems through decentralized models.
π βProof of humanityβ as a way to distinguish human actions from AI-driven bots.
π AI agents for generating, auditing, and monitoring smart contracts, simplifying the development of on-chain applications.
Coinbase Ventures expects a new wave of strong startups in these sectors and invites teams working on similar solutions to reach out. According to CryptoRank, the companyβs average investment round ranges from $3 million to $10 million.
π Trade on BlockBits: blockbitstech.com
BlockBits:β Telegram | Discord π¬
The venture arm of Coinbase has published a list of areas it is ready to invest in. The fund is targeting not only traditional blockchain projects, but also intersections with AI, robotics, and trading infrastructure:
Coinbase Ventures expects a new wave of strong startups in these sectors and invites teams working on similar solutions to reach out. According to CryptoRank, the companyβs average investment round ranges from $3 million to $10 million.
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β€2π1
π°π· Hackers steal $37M from Upbit one day after its $10B acquisition deal
South Koreaβs largest crypto exchange, Upbit, has suspended deposits and withdrawals after detecting an unauthorized transfer of roughly $37 million. According to the exchange, on November 27 a portion of Solana-based tokens worth around 54 billion won was moved to an external wallet. Upbit stated that all customer losses will be fully compensated.
The incident occurred just a day after the announcement of a major deal between Upbit and internet giant Naver, often called βthe Korean Google.β Naver plans to acquire the exchange for $10.3 billion.
At a press conference held on the day of the breach, Naverβs leadership reaffirmed its intent to invest 10 trillion won ($6.8 billion) into AI and blockchain technologies over the next five years. The acquisition of Upbit is seen as a strategic bet on fintech and the crypto market.
Upbit is the largest crypto exchange in South Korea, and trading volumes in Korean won (KRW) are comparable to those in U.S. dollars (excluding stablecoin pairs such as USDT), making South Korea the worldβs second-largest crypto market.
BlockBits:π Website | β Telegram | π¬ Discord
South Koreaβs largest crypto exchange, Upbit, has suspended deposits and withdrawals after detecting an unauthorized transfer of roughly $37 million. According to the exchange, on November 27 a portion of Solana-based tokens worth around 54 billion won was moved to an external wallet. Upbit stated that all customer losses will be fully compensated.
The incident occurred just a day after the announcement of a major deal between Upbit and internet giant Naver, often called βthe Korean Google.β Naver plans to acquire the exchange for $10.3 billion.
At a press conference held on the day of the breach, Naverβs leadership reaffirmed its intent to invest 10 trillion won ($6.8 billion) into AI and blockchain technologies over the next five years. The acquisition of Upbit is seen as a strategic bet on fintech and the crypto market.
Upbit is the largest crypto exchange in South Korea, and trading volumes in Korean won (KRW) are comparable to those in U.S. dollars (excluding stablecoin pairs such as USDT), making South Korea the worldβs second-largest crypto market.
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πΊπΈ How Bitcoin Moves on Thanksgiving in the U.S.
The United States is celebrating Thanksgiving today β one of the countryβs major national holidays. Traditional markets, including NASDAQ, are closed, but the crypto market operates as usual.
The team at Protos reviewed Bitcoinβs performance over the past 15 years during the Thanksgiving weekend β from Wednesday evening before the holiday through Monday morning. The data shows no clear pattern: in eight years BTC went up, in seven it went down. Both average and median returns over the period are close to zero.
The biggest swings happened in Bitcoinβs early years: in 2010 BTC fell 26.5%, while in 2015 it jumped 16%. More moderate moves appeared later. Notable volatility also occurred in 2017 (+13%) and 2018 (β13.3%).
In recent years, price changes have been small, within roughly 3%. Protos attributes this to reduced activity and lower trading volumes over the holiday period.
BlockBits:π Website | β Telegram | π¬ Discord
The United States is celebrating Thanksgiving today β one of the countryβs major national holidays. Traditional markets, including NASDAQ, are closed, but the crypto market operates as usual.
The team at Protos reviewed Bitcoinβs performance over the past 15 years during the Thanksgiving weekend β from Wednesday evening before the holiday through Monday morning. The data shows no clear pattern: in eight years BTC went up, in seven it went down. Both average and median returns over the period are close to zero.
The biggest swings happened in Bitcoinβs early years: in 2010 BTC fell 26.5%, while in 2015 it jumped 16%. More moderate moves appeared later. Notable volatility also occurred in 2017 (+13%) and 2018 (β13.3%).
In recent years, price changes have been small, within roughly 3%. Protos attributes this to reduced activity and lower trading volumes over the holiday period.
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β€7π5