Similarly, Ethereum ETFs listed in the US are posting consistent outflows, with nearly $178 million recorded on Friday. The last time ETH ETFs experienced inflows was on November 6, with $12.51 million. The analysts suggest that this signals a stretched market on the downside, particularly within altcoins, where speculative activity has diminished and retail interest is waning. In conjunction with these sentiment measures, the Relative Strength Index (RSI) for Bitcoin has returned to levels comparable to those of January 2023, when Bitcoin was valued around $20,000.
Bread Price
Hence, the steady outflows, particularly in the fourth quarter, paint a grim picture for investors even asthe fourth quarter has historically been bullish for crypto assets. Bread is a decentralized financial services platform that allows users to store, send, and receive digital assets securely. It is the first wallet to offer a full suite of financial services including buying, selling, and trading cryptocurrencies. The Bread platform also offers an easy-to-use interface for managing funds and making payments.
Bread Markets
The BRD token is a loyalty and rewards token that enables discounted trades and other loyalty and rewards within the BRD app. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes. Bitcoin is attempting to stabilize after a sharp breakdown that pushed price into one of its most important support zones of the year.
The bull market support band on the weekly timeframe has flipped into resistance between $109,000 and $113,000, marking the dominant macro barrier. A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move. Bitcoin is seeking stability above $92,000 at the time of writing on Thursday. Meanwhile, Ethereum and Ripple are holding key support levels at $3,000 and $2.00, respectively, which signals potential seller exhaustion. If traders book profits, the recovery would likely run out of steam, paving the way for a reversal targeting lows around $2.07, a support level tested on November 4.
The general outlook remains bearish despite a knee-jerk recovery from $130, which marked the previous day’s low. XRP is gaining momentum after testing an intraday support at $2.15 on Monday, driven by investor confidence and low bread crypto chart retail demand last week. The RSI at 43 is heading toward the bullish region, which, if achieved, would increase the odds of a short-term recovery. Ethereum is trading slightly below $3,200 at the time of writing, supported by a bullish RSI crossover on the daily chart. The RSI is at 37 after crossing above the signal line, suggesting that bullish momentum is increasing. However, it remains to be seen what the eventual direction of the digital asset market will be, as neither negative nor bullish cycles follow straight lines.
A consistently high and positive funding rate implies there is a bullish sentiment among market participants and there is an expectation of a price hike. A consistently negative funding rate for an asset implies a bearish sentiment, indicating that traders expect the cryptocurrency’s price to fall and a bearish trend reversal is likely to occur. Bitcoin is trading between $95,000 and $96,000 at the time of writing on Monday, buoyed by a mild bullish sentiment in the broader cryptocurrency market. The Relative Strength Index (RSI) has recovered to 34 on the daily chart after flirting with oversold conditions in the past few days. The live market cap, measured by multiplying the number of coins by the current price is .
Related Assets
This shift places cryptocurrencies on similar footing as securities and broadens participation for both retail and institutional investors. Alongside the fiscal package, Japan’s Financial Services Agency is preparing to classify Bitcoin and other digital assets as financial products, lowering the tax rate on gains from 55% to 20%. As reported by Reuters on Monday, Japan is assembling a fiscal package exceeding ¥17 trillion ($110 billion) as it shifts from three decades of deflation toward a higher-price, higher-rate environment. Bitcoin (BTC) market structure continues to deteriorate as the capitulation phase begins to take shape, with BTC sliding below $97,000 on Friday and extending losses to more than 7% so far this week. On the other hand, retail demand for XRP has not recovered since mid-October, characterised by a weak derivatives market. CoinGlass data shows the futures Open Interest (OI) averaging $3.61 billion on Monday, a minor pullback from $3.63 billion the previous day, but significantly down from record highs of $10.94 billion posted on July 22.
The Bull Theory analysts contend that this high leverage, coupled with thin markets, enables market makers to trigger substantial liquidations with minimal price movement, making the sell-offs appear more aggressive. Despite the unprecedented liquidations, many traders have reportedly returned to the market with increased leverage. One of the primary factors cited is the severe damage inflicted on market liquidity following the dramatic sell-off on October 10, which resulted in more than $20 billion liquidated from traders in a matter of minutes. Among all the assets available on CoinStats, these have the most similar market capitalization to Bread. Bread is committed to providing users with a safe and secure environment for managing their digital assets.
Solana builds recovery muscle on steady ETF inflows
With its intuitive design and advanced security features, it has become one of the most popular wallets in the cryptocurrency space. The Crypto Fear and Greed Index is meticulously calculated based on a comprehensive analysis of multiple key metrics that gauge investor sentiment within the cryptocurrency market, such as the following. Bitcoin (BTC) price steadies near $92,000 at the time of writing on Thursday, holding firmly above the key psychological level of $90,000 — a zone that could support a short-term recovery if preserved.
Mobile Apps
With liquidity diminished, the current market environment allows prices to fluctuate easily, meaning even minor sell-offs can lead to rapid price drops. Analysts from The Bull Theory examined the underlying causes of this behavior and identified significant issues causing such poor performance in what was expected to be a bullish fourth quarter for the industry. It also offers an easy way to buy Bitcoin directly from within the wallet using credit cards or bank transfers.
- BRD describes its iPhone and Android apps as ‘fully decentralized wallet(s)’ that connect directly to the blockchain using a securely generated 12-word paper key.
- As such, it is one of the few wallets that have been approved by regulators around the world.
- For Bitcoin, an increase in dominance often stems from a flight to safety, reducing speculative investments in alt-coins as Bitcoin becomes the preferred safe haven in the crypto space.
- Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 964 exchanges.
- The consequences of this thin liquidity are stark; a small volume of selling can generate significant downward price movements.
- Since the October 10 deleveraging event, which liquidated over $19 billion in crypto assets in a single day, Bitcoin has recorded a major exodus of institutional investment flows.
- A coin’s dominance represents its share of the total crypto market capitalization.
- At the time of writing, Bitcoin was leading Monday’s crypto market drop, trading at $91,940—a 3% drop within 24 hours and a 13% drop within a week.
The Fear and Greed Index (FGI) is a comprehensive tool for analyzing cryptocurrency sentiment. It also features a machine learning algorithm that evaluates sentiment in social media posts and how popular technical analysis are affecting the market. Each module is given a specific weight based on its statistical impact on the market. Funding fees bridge the difference between spot prices and prices of futures contracts of an asset by increasing liquidation risks faced by traders.
What non-essential monthly bills or purchases would you drop to keep putting money into crypto?
This suggests that despite the downtrend, a new recovery and future dips may occur, and vice versa. Compounding these issues, market sentiment has been plagued by fear, uncertainty, and doubt (FUD). Current narratives circulating, such as speculation regarding Strategy (previously MicroStrategy) facing forced liquidations if Bitcoin falls below $74,000, further exacerbate panic. South Korea is emerging as one of the most important global hubs for regulated digital assets, and Upbit sits at the center of this shift.