Bitcoin is stabilizing around $73,500, about 10% below its monthly high, due to a shortage of new buyers rather than increased selling. Despite broader risk assets gaining from easing geopolitical tensions around the Strait of Hormuz, Bitcoin's weakness appears crypto-specific. Long-term Bitcoin holders have reached a record supply, but this reflects inactivity rather than fresh buying. Additionally, Bitcoin ETFs have seen a record nine consecutive days of outflows, signaling cooling demand that may limit Bitcoin's ability to rise above $78,000 in the near term.
Stacks (STX) surged 9.99% to $0.360, leading gains among the 90 largest cryptocurrencies as 77 advanced over 24 hours. Other notable winners included Injective (INJ) up 9.37%, Pearl (PEARL) up 8.29%, Render (RENDER) up 7.26%, and PancakeSwap (CAKE) u...
Stellar (XLM) fell 8.5% in 24 hours, following Bitcoin's 5.6% drop after a Nasdaq chip sector sell-off hit major cryptocurrencies. No specific news affected Stellar; its price movement closely tracks Bitcoin with a strong correlation. Key support lev...
Uniswap (UNI) fell 10.7% in 24 hours, following a broader crypto market decline led by Bitcoin's 5.6% drop. The sell-off was triggered by a Nasdaq chip sector rout, causing liquidations of leveraged positions across cryptocurrencies. UNI's price rema...
Litecoin fell 7.9% in 24 hours, closely following Bitcoin's 5.6% drop after a Nasdaq chip sector sell-off impacted major cryptocurrencies. There was no Litecoin-specific event causing the decline; instead, it mirrored Bitcoin's market movement with h...
Ethena (ENA) token price fell sharply by 12.26% to $0.1607 as of November 5, 12:51 p.m. ET, marking the largest percentage decline among major digital assets including Bitcoin, Ether, and Solana. Bitcoin dropped 5.49% to $75,915, Ether fell 7.16% to ...
