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Cryptocurrency Market Steadies After Turbulent Day, With Altcoins Leading Gains
(MENAFN- The Rio Times) The global cryptocurrency market has shown signs of stabilization on November 7, 2025, with a total capitalization hovering around $3.39 trillion.
Bitcoin, the sector's bellwether, traded at $102,312.56, down 0.87% in early morning sessions, while Ethereum stood at $3,361.17, reflecting a similar 0.85% dip.
This follows a partial rebound on November 6, where Bitcoin briefly surpassed $103,000 amid positive U.S. economic indicators, only to cool overnight due to lingering volatility.
Notable performers included altcoins with extraordinary surges, such as AIA, which skyrocketed 653.42% to $12.89, and UAI, up an astonishing 1,059% to $0.116, fueled by speculative interest in AI-themed tokens.
Privacy coins like Zcash gained 20%, adding over $2.2 billion to the sector's value, highlighting a rotation toward decentralized innovations that prioritize user autonomy.
On the downside, XRP fell 4.39% to $2.23 despite Ripple's $500 million funding round at a $40 billion valuation, underscoring broader market pressures.
Market drivers point to institutional dynamics and regulatory headwinds. U.S. spot Bitcoin ETFs saw $240 million in net inflows on November 6, breaking a six-day outflow streak, with hedge funds increasing exposure-a testament to growing confidence in free-market digital assets.
However, Ethereum ETFs faced $118.6 million in outflows, and cumulative Bitcoin ETF losses exceeded $2 billion weekly, exacerbating liquidity strains.
Analysts attribute the cooldown to U.S. economic uncertainties, including risks of a government shutdown driven by fiscal disputes and inconsistent Federal Reserve policies that some view as overly interventionist.
Technical charts reveal a bearish correction for Bitcoin, with daily views showing a reversal from $112,000 highs and four-hour frames indicating failed rebounds, suggesting oversold conditions but potential for a relief rally if $102,000 holds.
JPMorgan strategists remain optimistic, forecasting Bitcoin could reach $170,000 in 6-12 months, emphasizing its appeal over traditional assets like gold in a deleveraging environment.
This resilience amid challenges underscores the crypto sector's maturation, bolstered by pro-innovation regulatory steps like the advancing Market Structure Act, which promises historic advancements for digital finance.
Bitcoin, the sector's bellwether, traded at $102,312.56, down 0.87% in early morning sessions, while Ethereum stood at $3,361.17, reflecting a similar 0.85% dip.
This follows a partial rebound on November 6, where Bitcoin briefly surpassed $103,000 amid positive U.S. economic indicators, only to cool overnight due to lingering volatility.
Notable performers included altcoins with extraordinary surges, such as AIA, which skyrocketed 653.42% to $12.89, and UAI, up an astonishing 1,059% to $0.116, fueled by speculative interest in AI-themed tokens.
Privacy coins like Zcash gained 20%, adding over $2.2 billion to the sector's value, highlighting a rotation toward decentralized innovations that prioritize user autonomy.
On the downside, XRP fell 4.39% to $2.23 despite Ripple's $500 million funding round at a $40 billion valuation, underscoring broader market pressures.
Market drivers point to institutional dynamics and regulatory headwinds. U.S. spot Bitcoin ETFs saw $240 million in net inflows on November 6, breaking a six-day outflow streak, with hedge funds increasing exposure-a testament to growing confidence in free-market digital assets.
However, Ethereum ETFs faced $118.6 million in outflows, and cumulative Bitcoin ETF losses exceeded $2 billion weekly, exacerbating liquidity strains.
Analysts attribute the cooldown to U.S. economic uncertainties, including risks of a government shutdown driven by fiscal disputes and inconsistent Federal Reserve policies that some view as overly interventionist.
Technical charts reveal a bearish correction for Bitcoin, with daily views showing a reversal from $112,000 highs and four-hour frames indicating failed rebounds, suggesting oversold conditions but potential for a relief rally if $102,000 holds.
JPMorgan strategists remain optimistic, forecasting Bitcoin could reach $170,000 in 6-12 months, emphasizing its appeal over traditional assets like gold in a deleveraging environment.
This resilience amid challenges underscores the crypto sector's maturation, bolstered by pro-innovation regulatory steps like the advancing Market Structure Act, which promises historic advancements for digital finance.
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