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Bitcoin dropped below $106,505.22 on Nov. 3, down 3.6% in 24 hours, as a strengthening US dollar and sustained ETF outflows pressured crypto across the board. As of press time, Bitcoin has lost that key support level, now trading below $104,000 for the first sustained time since June.Ethereum trades at $3,490, falling 9%, while Solana declined 13% to $159. XRP, Cardano, Dogecoin, and BNB each posted double-figure losses.The DXY dollar index traded at 99.886 as of press time, up 0.2% and near a three-month high following a 0.8% weekly gain.The dollar’s strength typically weighs on Bitcoin because crypto functions as…

In a significant step for Solana’s growing institutional presence, Invesco Galaxy has amended its Solana ETF filing with the U.S. Securities and Exchange Commission (SEC). The updated S-1 form outlines key details, including the fund’s fees, initial seed investment, and plans for listing on the Cboe BZX Exchange. The amendment arrives as part of a broader push among asset managers to offer regulated exposure to Solana (SOL), following the successful debuts of Bitwise’s BSOL and Grayscale’s GSOL. Despite the extended U.S. government shutdown, Invesco Galaxy remains on track, signaling strong confidence in Solana’s long-term outlook. Invesco Galaxy Solana ETF Discloses…

In brief Bitcoin dropped below $104K Tuesday morning, down 17.5% from its peak, amid a broad market sell-off. A DeFi crisis with $284 million in bad debt and macro fears is influencing the investors’ risk-off move, according to analysts. The leverage flush could reset the market for a more sustainable recovery, analysts told Decrypt. The cryptocurrency market extended Monday’s losses on Tuesday morning as Bitcoin slipped below $104,000, dropping to levels not seen since late June.At time of publication, the price of Bitcoin is $103,849, down 3.2% on the day, per data from CoinGecko.The sudden drop stems from a combination…

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According to CoinDesk Research’s technical analysis data model, ether ETH$3,873.99 advanced on heavier-than-usual trading, then slipped late after an upper-band rejection, leaving a tighter range and a clear set of checkpoints above and below.Analyst commentCrypto analyst Michaël van de Poppe said on X that Ethereum is the best ecosystem to invest in and that ether is near a push to a new all-time high above $5,000.In plain English: he’s arguing that developer activity, products and network effects make the ethereum ecosystem attractive, and that price action is getting close to the kind of strength seen before record highs.How that fits…

Steak ’n Shake is making history as the first major restaurant to establish a Strategic Bitcoin Reserve.  All payments received in Bitcoin will now be added to their Strategic Bitcoin Reserve (SBR), marking a fun and major step into bitcoin adoption for the fast-food chain. As part of the initiative, the company will donate 210 sats from every Bitcoin Meal sold to the Open Sats Initiative, Inc. over the next 12 months.  Customers who purchase and register their Bitcoin Steakburger through the Fold App will also receive $5 in free Bitcoin, with instructions provided on their receipts. The move comes…

The recent Ethereum price rejection that pushed it back below the $4,000 level has created a concerning trend that could send the price spiraling. The major point of interest lies at the 0.618 Fibonacci retracement level, where the last rejection occurred. Given this, it is likely that the Ethereum price could see more declines in the coming days, although there is still the possibility of the bulls taking over and invalidating the entire bearish setup. Ethereum Price Is Showing A Lot Of Weakness The rejection from the 0.618 Fibonacci retracement level marked the start of the decline from the $4,200 level…

Bitcoin price has rebounded slightly to $109,600 after yesterday’s dip to $106,000, ending what has been a tumultuous October for bitcoin. Traders are now cautiously optimistic as the market transitions from the failed “Uptober” rally to the historically stronger month of November. Yesterday, Bitcoin tumbled over 3% amid renewed risk-off sentiment sparked by Federal Reserve Chair Jerome Powell’s hawkish comments on future rate cuts and renewed U.S.–China trade tensions.  The dip extended a week-long decline that began after the Fed delivered a modest 25 basis point cut but signaled uncertainty for December’s meeting. Bitcoin price had a disappointing October Bitcoin…

U.S. Treasury Secretary Scott Bessent marked the 17th anniversary of the Bitcoin white paper on Friday with a post on X praising the network’s resilience and adding a jab at Senate Democrats, saying the system “never shuts down” and implying lawmakers could “learn something from that.” The comment doubled as a policy signal and a partisan elbow.Oct. 31 carries special weight in crypto. It is the date Satoshi Nakamoto released the nine-page Bitcoin white paper in 2008, the document that sketched a peer-to-peer electronic cash system and set the stage for a network that has run continuously since January 2009.…

Spot Solana exchange-traded funds (ETFs) continue to attract investor interest, recording their fourth straight day of inflows amid “capital rotation” from Bitcoin and Ether funds. According to data from SoSoValue, spot Solana (SOL) ETFs added $44.48 million on Friday, bringing cumulative inflows to $199.2 million and total assets to over $502 million. The Bitwise Solana ETF (BSOL) led the charge, contributing the bulk of new capital with a 4.99% daily gain.In contrast, spot Bitcoin (BTC) ETFs saw $191.6 million in daily net outflows on the same day, continuing a week-long trend of profit-taking. The funds saw $488.43 million in outflows…