Bitcoin dipped below ~$102,000 amid broad risk-asset weakness, but analysts argue the weakness isnβt fully supported by fundamentals. On-chain and ETF data suggest stablecoin liquidity and whale accumulation remain strong, indicating Bitcoin may be trading at a discount relative to its macro backdrop.
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Bitcoin Crashes Under $100K for First Time Since May, Liquidations Hit $1.3 Billionπ°
Bitcoin fell below $100,000 for the first time in six months, dropping to $99,954 before slightly rebounding. The decline sparked $1.3 billion in crypto liquidations, with Bitcoin down 18% this month. Ethereum and other major coins also tumbled β ETH nearly 10%, Solana 8%, XRP 7.5%, and Dogecoin 7% β extending the market-wide slump.
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Bitcoin fell below $100,000 for the first time in six months, dropping to $99,954 before slightly rebounding. The decline sparked $1.3 billion in crypto liquidations, with Bitcoin down 18% this month. Ethereum and other major coins also tumbled β ETH nearly 10%, Solana 8%, XRP 7.5%, and Dogecoin 7% β extending the market-wide slump.
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Bitcoin Falls Amid Investor Concerns About Steep AI Valuationsπ°
Bitcoin and Ether have fallen 6% and 10% in two days as investors grow wary of overvalued AI stocks, which share a similar investor base. The Nasdaq dropped 1%, with Palantir leading losses. Analyst Ed Engel said weak retail activity and selling by long-term holders could push Bitcoin below $100,000.
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Bitcoin and Ether have fallen 6% and 10% in two days as investors grow wary of overvalued AI stocks, which share a similar investor base. The Nasdaq dropped 1%, with Palantir leading losses. Analyst Ed Engel said weak retail activity and selling by long-term holders could push Bitcoin below $100,000.
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Rippleβs RLUSD to Power Mastercard Credit Card Settlements on XRP Ledgerπͺ
At Rippleβs Swell 2025, Ripple, Mastercard, WebBank, and Gemini launched a pilot using Rippleβs RLUSD stablecoin on the XRP Ledger to settle fiat credit card payments. The project, among the first of its kind by a regulated U.S. bank, showcases how stablecoins can make traditional payments faster and compliant. RLUSD is New Yorkβregulated and has over $1 billion in circulation.
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At Rippleβs Swell 2025, Ripple, Mastercard, WebBank, and Gemini launched a pilot using Rippleβs RLUSD stablecoin on the XRP Ledger to settle fiat credit card payments. The project, among the first of its kind by a regulated U.S. bank, showcases how stablecoins can make traditional payments faster and compliant. RLUSD is New Yorkβregulated and has over $1 billion in circulation.
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INSIGHT: Bitcoinβs $100K level is crucial for market direction πͺ
Analysts warn that if Bitcoin loses its $100K support, it could drop toward $87.8K. Any potential rebound is expected to face resistance near $107K, suggesting a limited relief rally before further consolidation.
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Analysts warn that if Bitcoin loses its $100K support, it could drop toward $87.8K. Any potential rebound is expected to face resistance near $107K, suggesting a limited relief rally before further consolidation.
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Will Bitcoin crash below $100k again this week?π°
Bitcoin (BTC) rebounded above $100,000 on Nov. 6, trading around $101,970, after briefly dipping below the key level for the first time since June. The coin remains down 5% this week and far from its $126,251 record high in early October. The drop reflects fading βUptoberβ momentum and broader crypto market losses of nearly $1 trillion in a month. Investor anxiety persists as Galaxy Digital cut its year-end BTC target to $120,000 from $185,000, signaling growing bearish sentiment.
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Bitcoin (BTC) rebounded above $100,000 on Nov. 6, trading around $101,970, after briefly dipping below the key level for the first time since June. The coin remains down 5% this week and far from its $126,251 record high in early October. The drop reflects fading βUptoberβ momentum and broader crypto market losses of nearly $1 trillion in a month. Investor anxiety persists as Galaxy Digital cut its year-end BTC target to $120,000 from $185,000, signaling growing bearish sentiment.
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Dogecoin vs. XRP vs. Digitap ($ TAP): Which Is the Best Banking Coin to Buy?πΆ πͺ
Investors are debating which crypto offers the best real banking utility as Dogecoin (DOGE), XRP, and newcomer Digitap ($ TAP) compete for dominance. While DOGE remains a meme coin and XRP focuses on bank partnerships, Digitap is emerging as an all-in-one digital banking ecosystem with low remittance fees (around 1%) versus banksβ 6.2%. Its upcoming presale has fueled excitement over its potential to become the leading βbanking coinβ of 2025.
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Investors are debating which crypto offers the best real banking utility as Dogecoin (DOGE), XRP, and newcomer Digitap ($ TAP) compete for dominance. While DOGE remains a meme coin and XRP focuses on bank partnerships, Digitap is emerging as an all-in-one digital banking ecosystem with low remittance fees (around 1%) versus banksβ 6.2%. Its upcoming presale has fueled excitement over its potential to become the leading βbanking coinβ of 2025.
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JPMorgan strategists argue that with Bitcoinβs recent pullback, it is now undervalued relative to gold β estimating it is about $68,000 too low on a volatility-adjusted basis. They suggest Bitcoin would need to rise toward $170,000 to align its valuation with goldβs private-sector investment scale.
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UK-listed company B HODL revealed that its first full month of operations resulted in an annualised Bitcoin yield of 6.04%, exceeding internal expectations. The firm also purchased an additional 5 BTC at an average price of Β£85,102 each, bringing total holdings to 153.039 BTC with an adjusted average cost basis of Β£84,610.
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As the GENIUS Act moves through Congress, Coinbase argues that entities other than stablecoin issuers should be allowed to offer interest on stablecoins. Major banking groups counter, urging the Treasury to completely ban yield-bearing stablecoin products.
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Bitcoin and Ethereum ETFs Snap 6-Day Outflow Streak With $252M Reboundπ° πΉ
After six days of withdrawals, Bitcoin spot ETFs returned to positive territory with $252 million in net inflows, led by BlackRockβs IBIT ($112M) and Fidelityβs FBTC ($61.6M). Analysts say the rebound reflects renewed institutional confidence in Bitcoin despite ongoing market volatility.
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After six days of withdrawals, Bitcoin spot ETFs returned to positive territory with $252 million in net inflows, led by BlackRockβs IBIT ($112M) and Fidelityβs FBTC ($61.6M). Analysts say the rebound reflects renewed institutional confidence in Bitcoin despite ongoing market volatility.
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The U.S. Senate is scheduled to vote on a continuing resolution to fund government operations, but a major crypto-market-structure bill, the successor to the CLARITY Act, remains stalled amid the current shutdown. Even though the bill passed the House in July and was expected to move through Senate committees by the fall, lawmakers now say delays have reduced the chance of a 2025 passage.
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Brazilβs central bank is introducing stricter regulatory measures aimed at combating the infiltration of organized crime into the crypto sector. Key steps include tougher oversight of fintechs and payment institutions, limits on certain high-risk transactions (such as through the PIX system), and expedited requirements for licensing and capital for service providers. Regulators say the move targets money-laundering channels that exploit digital assets, especially through unregulated platforms.
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