Asset management company Franklin Templeton launched an exchange-traded fund tracking the XRP token on the NYSE Arca amid regulatory approvals clearing the way for other crypto investment vehicles.
On Monday, the Franklin XRP ETF launched on the NYSE Arca under the ticker XRPZ, providing investors with access to the cryptocurrency. Its trading debut coincides with the launch of the Grayscale XRP Trust ETF (GXRP) and follows other similar launches from Bitwise Asset Management and Canary Capital.
XRP (XRP) is the native asset of the XRP Ledger, an open-source blockchain developed by Ripple. The cryptocurrency has risen 8.25% over the past 24 hours, according to Cointelegraph Markets data.
“XRPZ offers investors a convenient and regulated way to access a digital asset that plays a foundational role in global settlement infrastructure, through the transparency and oversight of an ETF,” said Franklin Templeton’s head of ETF product and capital markets, David Mann.
Data on Franklin Templeton’s XRP ETF inflows for the first full day of trading was not available, but NYSE Arca showed 768,692 shares traded as of the time of publication. Bitwise CEO Hunter Horsley reported on Monday that the asset management company saw its XRP ETF with about $118 million in inflows last week.
The launch of Franklin Templeton’s XRP ETF followed the company’s creation of a crypto index fund and vehicles tied to Bitcoin (BTC) and Ether (ETH).
US interest in XRP after the end of SEC legal troubles?
The launch of the XRP ETF came almost five years after the US Securities and Exchange Commission filed a lawsuit against Ripple and its executives. The US regulator ultimately dropped the case in March while under new leadership and a new administration, officially ending in August with a $125 million settlement.
Franklin Templeton’s XRP offering required SEC approval to begin trading on the NYSE Arca.
The project confirmed acquiring and locking 609,000 tokens today.
Its total buyback for November surpasses 3 million AERO.
The altcoin’s performance mirrors broader market downsides.
While uncertainty engulfed the overall crypto landscape, Aerodrome Finance has showcased its dedication to supporting and strengthening its native AERO.
The project has taken it to X to announce a significant buyback of 609,000 AERO tokens.
Meanwhile, this repurchase is part of Aerodrome’s programmatic strategy to react to fluctuating market conditions without compromising the altcoin’s tokenomics.
Aerodrome has completed buybacks of more than 3 million AERO this month, reflecting the team’s commitment to boosting investor confidence and token stability. The official X post read:
The Aerodrome Public Goods Fund has acquired and locked 609K AERO as part of its programmatic market-aware buyback, bringing total buybacks this month to 3M+.
609K AERO Buyback ✈️
The Aerodrome Public Goods Fund has acquired and locked 609K $AERO as part of its programmatic market-aware buyback, bringing total buybacks this month to 3M+.
More than 150M AERO has been acquired and locked to date via the PGF, Flight School, and Relay. pic.twitter.com/XUO7vj825K
Notably, the project’s Public Goods Fund oversees AERO’s buybacks and has been monitoring the alt’s performance while strategically accumulating and locking native assets to reduce supply and potentially boost demand.
Such an approach remains crucial to stabilize price actions and ensure investor confidence as digital assets see increased fluctuations.
Inside Aerodrome’s buybacks, so far
The latest purchase brings total buybacks for November to over 3 million AERO coins, reflecting a significant step toward strengthening the asset’s market status.
Moreover, the Public Goods Fund has accumulated and locked over 150 million tokens since its debut, leveraging initiatives like Relay programs, Flight School, and the PGF itself.
These programs aim to reduce supply pressure on AERO while rewarding loyal holders.
The predictable supply reduction guarantees a resilient ecosystem even during heightened volatility.
Market players often interpret such buybacks as an indicator of the team’s confidence in the project.
Aerodrome hits fresh volume milestone
The project followed the buyback announcement with another post reflecting impressive user activity.
Notably, Aerodrome has topped $200 billion in trading volume this year – an approximately three-times increase year-to-date.
$200 Billion in Volume YTD ✈️
Aerodrome just surpassed $200B in volume in 2025—locking in ~3x growth year-over-year on @base.
Bitcoin is attempting a recovery from $80,600, which several analysts believe to be a bottom.
Several altcoins are struggling to start a rebound, indicating a lack of demand from buyers.
Bitcoin (BTC) dropped roughly 8% last week, but lower levels attracted buyers. The bulls are striving to push the price above $88,000 at the start of the new week. Inflows of $238.4 million into spot BTC exchange-traded funds on Friday, according to Farside Investors’ data, indicate that the bulls are again becoming active.
Analysts at wealth manager Swissblock said in a post on X that the sharply declining risk-off signal indicates a reduction in selling pressure, suggesting that the “worst of the capitulation” may be over for now. They added that fading selling pressure and a weaker second selling wave will confirm a more reliable bottom.
Crypto market data daily view. Source: TradingView
BitMEX co-founder Arthur Hayes said in a post on X that BTC may chop below $90,000 and possibly fall into the low $80,000 levels. The ex-BitMEX chief executive expects the $80,000 level to hold.
Could BTC and the major altcoins start a sustained recovery, or will higher levels attract sellers? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
S&P 500 Index price prediction
The S&P 500 Index (SPX) turned up from the 6,550 support on Friday, and the bulls are attempting to extend the recovery on Monday.
The relief rally is expected to face selling in the zone between the moving averages and the resistance line. If the price turns down from the overhead zone, the bears will again try to pull the index below 6,550. If they can pull it off, the index could plummet to the 6,350 level.
On the other hand, a break and close above the resistance line indicates that the corrective phase may be over. The index could then retest the all-time high at 6,920.
US Dollar Index price prediction
The US Dollar Index (DXY) has been facing resistance near the 100.50 level, but a positive sign is that the bulls have not ceded much ground to the bears.
The gradually upsloping moving averages and the relative strength index (RSI) in the positive territory indicate the path of least resistance is to the upside. If the price breaks above the 100.50 level, the index could surge to the 102 level. A close above the 102 resistance will complete a rounding bottom pattern, signaling a potential trend change.
Sellers will have to pull the price below the 20-day exponential moving average (99.62) to weaken the bullish momentum. The index could then drop to the 50-day simple moving average (98.81).
Bitcoin price prediction
BTC is attempting a recovery after having plunged to $80,600 on Friday, but higher levels are likely to attract sellers.
The 20-day EMA ($94,620) is likely to act as a major hurdle on the upside. If the Bitcoin price turns down sharply from the 20-day EMA, it suggests that the sentiment remains negative and the bears are selling on rallies. That heightens the risk of a drop to the $73,777 level, where the bulls are expected to step in.
Buyers will have to push and maintain the price above the 20-day EMA to gain strength. The BTC/USDT pair may then climb to the psychological level of $100,000.
Ether price prediction
Ether (ETH) is attempting to start a recovery, which may encounter significant resistance in the zone between the 20-day EMA ($3,148) and $3,350.
If the price turns down from the overhead zone, the bears will attempt to resume the downtrend. A break and close below $2,623 signals the start of the next leg of the downmove to $2,400 and then to the $2,111 level.
Instead, if buyers thrust the Ether price above $3,350, the ETH/USDT pair could reach the 50-day SMA ($3,659). A close above the 50-day SMA suggests the bulls are back in the game.
XRP price prediction
XRP (XRP) rebounded off the support line on Saturday, indicating that the bulls are trying to keep the price inside the descending channel pattern.
The bears are unlikely to give up easily and will try to halt the relief rally at the moving averages. If the price turns down sharply from the moving averages, the sellers will again attempt to pull the XRP/USDT pair to $1.61.
On the contrary, a break above the moving averages could push the price to the downtrend line. Buyers will have to pierce and sustain the XRP price above the downtrend line to suggest a potential trend change.
BNB price prediction
BNB (BNB) is attempting a recovery after hitting $790 on Friday, but the sellers are expected to enter at higher levels.
If the price turns down sharply from the $860, it suggests that the bears have flipped the level into resistance. That increases the possibility of a break below $790. The BNB/USDT pair could then plummet to $730.
The 20-day EMA ($920) remains the key overhead resistance to watch out for. A break and close above the 20-day EMA suggests that the market has rejected the break below $860. The BNB price may then rally to $1,019.
Solana price prediction
Solana (SOL) is trying to take support at the $126 level, but the shallow rebound suggests a lack of aggressive buying by the bulls.
If the price turns down from the current level or the 20-day EMA ($145), it suggests that the bears are active at higher levels. The SOL/USDT pair then risks a drop below the $126 support. If that happens, the Solana price could tumble to $110 and subsequently to $95.
Contrarily, a break and close above the 20-day EMA indicates that the bulls are attempting a comeback. The pair could then attempt a rally to the 50-day SMA ($174).
The positive divergence on the RSI suggests that the selling pressure is reducing. Buyers will have to drive the Dogecoin price above the 20-day EMA (0.16) to signal strength. The DOGE/USDT pair may then climb to the 50-day SMA ($0.18).
Alternatively, if the price turns down sharply from the 20-day EMA, the bears will again try to drag the pair below $0.14. If they succeed, the pair could collapse to the Oct. 10 low of $0.10.
Cardano price prediction
Cardano (ADA) is attempting to take support at $0.38, but the weak bounce suggests the bears are in no mood to let go.
If the price turns down from the current level and breaks below $0.38, the ADA/USDT pair could resume its downtrend. The Cardano price could descend to the Oct. 10 low of $0.27.
The $0.50 resistance is the crucial level to watch out for on the upside. If the price turns down from $0.50, it suggests that the bears remain in control. That puts the $0.38 level at risk of breaking down.
Conversely, a close above $0.50 indicates that the bears are losing their grip. The pair could then rally toward the 50-day SMA ($0.60).
Bitcoin Cash price prediction
Bitcoin Cash (BCH) turned up sharply from the $443 support on Friday and soared above the resistance line of the falling wedge pattern.
The bears are trying to pull the price back into the wedge, but the bulls have held their ground. If the price turns up and breaks above $568, it signals the start of a new up move to $615 and then $651.
This positive view will be invalidated in the near term if the Bitcoin Cash price turns down and breaks below the moving averages. Such a move suggests the break above the resistance line may have been a bull trap. The BCH/USDT pair could then retest the $443 support.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Solana is facing a market structure crisis, as the vast majority of its investors are underwater.
This comes at a time when the blockchain has successfully courted Wall Street through spot Exchange-Traded Funds (ETFs) and is enjoying significant market momentum.
However, the SOL native token is buckling under a sustained selloff that has left it facing a 32% monthly drawdown and a broader risk-off environment that has pinned Bitcoin around $80,000.
As a result, the network’s developers have proposed a radical shift in SOL’s monetary policy that would accelerate its transition to scarcity.
The ‘top-heavy’ contraction
The pain in the SOL market is visible on-chain. As the token trades around $129, market intelligence firm Glassnode estimates that roughly 79.6% of the circulating supply is currently held at an unrealized loss.
Percentage Solana Supply in Profit (Source: Glassnode)
In a Nov. 23 tweet on X, Glassnode analysts described the positioning as “top-heavy,” a technical setup where a significant volume of coins was acquired at higher prices, creating a wall of potential sell pressure.
Historically, such extreme readings resolve in one of two ways: a flush of capitulation or a prolonged period of digestion.
However, the selloff has notably occurred despite a steady bid from traditional finance.
Since their launch roughly a month ago, US spot Solana ETFs have absorbed approximately $510 million in cumulative net inflows, with total net assets swelling to nearly $719 million, according to data compiled by tracker SoSoValue.
Solana ETF Daily Flows (Source: SoSo Value)
That these funds have continued to attract capital while the spot price crumbles shows a massive liquidity mismatch: legacy holders and validators are offloading tokens faster than institutional products can absorb them.
Proposal SIMD-0411
Against this backdrop, Solana network contributors introduced a new proposal, SIMD-0411, on Nov. 21.
The SIMD-0411 proposal aims to address this sell-side pressure directly. The authors characterize the current emissions schedule as a “leaky bucket” that perpetually dilutes holders.
Currently, Solana’s inflation rate decreases by 15% annually. The new parameter would double that rate of disinflation to -30% per year.
While the “terminal” inflation floor remains unchanged at 1.5%, the network would reach that milestone by early 2029, roughly 3 years sooner than the previous projection of 2032.
The move is designed as a single-parameter tweak rather than a complex mechanism change, a simplicity intended to soothe governance concerns and institutional risk departments. However, the economic implications are substantial.
According to baseline modeling:
Supply Shock: The change would reduce cumulative issuance over the next six years by 22.3 million SOL. At current market prices, this removes approximately $2.9 billion in potential sell pressure.
Terminal Supply: By the end of the six-year window, total supply would sit near 699.2 million SOL, compared to 721.5 million under the status quo.
Beyond simple supply and demand, the proposal aims to overhaul the Solana economy’s incentive structure.
In traditional finance, high risk-free rates (like T-bills) discourage risk-taking. In crypto, high-staking yields serve a similar function. With nominal staking yields currently hovering around 6.41%, capital is incentivized to sit passively in validation rather than entering the DeFi economy.
Under SIMD-0411, nominal staking yields would compress rapidly:
Year 1: ~5.04%
Year 2: ~3.48%
Year 3: ~2.42%
By lowering the “hurdle rate,” the network aims to force capital out of passive staking and into active use, such as lending, providing liquidity, or trading, thereby increasing the velocity of money on the chain.
Three Scenarios for Valuation
For investors, the critical question is how this supply shock translates to price. Analysts view the impact through three potential lenses:
The Bear Case: Slow Digestion If user demand remains flat, the supply cut will not act as an immediate catalyst. The “relief” comes from a slower drip of selling pressure rather than a surge in buying. In a market where four-in-five coins are underwater, this would result in a gradual stabilization rather than a V-shaped recovery.
The Base Case: Asymmetric Tightening If the network sees even modest demand growth, the “multiplier effect” kicks in. With 3.2% less supply entering the market over six years, and ETFs continuing to sequester circulating coins, the float available for purchase shrinks at the margin. This creates a setup where steady demand meets rigid supply, historically a recipe for price appreciation.
The Bull Case: The Deflationary Flip Solana burns 50% of its base transaction fees. Currently, issuance overwhelms this burn. However, once the inflation rate drops to 1.5% (circa 2029), periods of high network activity could offset issuance entirely. In high-throughput regimes with sustained spikes in DEX or derivatives volume, the network could experience effective supply stagnation or net deflation, aligning the asset’s value directly with usage rather than emissions math.
Risks
The primary risk vector lies with the validators who secure the network. Slashing inflation cuts their revenue. However, the proposal assumes a roughly six-month activation lag, coinciding with the rollout of the “Alpenglow” consensus upgrade.
Alpenglow is designed to drastically reduce vote-related costs for validators. The economic argument is that while topline revenue (rewards) will fall, operating expenses (vote fees) will fall in tandem, preserving profitability for the majority of node operators.
The cryptocurrency advocacy organization backed by Coinbase has started surveying federal and state candidates on their positions on digital assets ahead of the 2026 midterm elections in the United States.
In a Monday notice shared with Cointelegraph, Stand With Crypto said it had sent a questionnaire to an unspecified number of candidates in state and federal races, asking for information related to their positions on “digital assets, crypto innovation, de-banking, crypto mining and zoning, consumer protections,” and more. The organization also requested that respondents disclose whether they had ever held crypto or used blockchain technology.
“The next Congress will have a significant impact on whether or not the US adopts the pro-crypto policies that will foster continued economic growth, innovation, and access,” said Stand With Crypto community director Mason Lynaugh.
Stand With Crypto said it would utilize the questionnaire’s results to determine where to focus its efforts for the 2026 midterm elections, mobilizing through events and encouraging crypto-minded individuals to vote.
The organization has already turned out voters in the 2025 election for New Jersey’s governor, which could have influenced Democrat Mikie Sherrill’s victory by about 450,000 votes.
All 435 seats in the US House of Representatives and 33 seats in the Senate will be up for grabs in the 2026 elections, as well as many in state-level races. In 2024, Stand With Crypto reported that 274 candidates considered “pro-crypto” based on their public statements and voting records won election or reelection.
Cointelegraph reached out to Stand With Crypto for further details on the number of candidates targeted with the questionnaire and how the results could affect the organization’s efforts, but had not received a response at the time of publication.
Market structure paused during the US holidays?
This week, members of the House and Senate are scheduled for state work periods, meaning they will return to their home districts and states ahead of the Thanksgiving holiday on Thursday.
Although Congress has continued to make progress with a bill to establish a comprehensive digital asset market structure, the holidays and the longest government shutdown in US history are likely to slow Republican lawmakers’ plans to have the bill signed into law by 2026.
The latest estimate from Senate Banking Chair Tim Scott signaled passage early next year.
AVAX One’s treasury held over 13.8 million AVAX as of November 23, 2025.
Buys signal further commitment by the company towards the long-term growth of Avalanche.
Key sectors include decentralized finance and enterprise applications.
AVAX One, a treasury management firm specializing in blockchain assets, has added to its holdings of Avalanche’s native token.
The accumulation comes after the company’s rebranding and amid a broader market downturn.
However, it reflects the growing institutional interest in cryptocurrency for treasury asset portfolios.
Meanwhile, the price of Avalanche (AVAX) is showing resilience above $12 amid notable traction in the decentralized finance and enterprise applications market.
AVAX One adds to Avalanche treasury holdings
Digital asset treasuries remain a key ecosystem feature despite a slight dip in the hype around the various launches. Bitcoin, Ethereum, Solana, and XRP are among the top coins to attract billions of dollars in DAT moves.
AVAX One’s latest disclosure marks yet another pivotal expansion by a digital asset treasury company.
In a press release, AVAX One said it had added to its holdings of the asset.
Specifically, the company has elevated its AVAX holdings past the 13.8 million mark.
It acquired 9,377,475 AVAX between November 5 and November 23, 2025, for an average price of $11.73 per token. Total purchase was for around $110 million, and the buildup, executed through methodical acquisitions over recent weeks, positions the firm as one of the largest institutional custodians of Avalanche’s native cryptocurrency.
“Since launching our treasury strategy earlier this month, we have rapidly accumulated more than 13.8 million AVAX and completed our corporate rebrand — decisive steps that reflect our conviction in Avalanche’s high-speed, institutional-grade blockchain built for the future of finance,” said Jolie Kahn, chief executive officer of AVAX One. “We intend to remain highly opportunistic with our remaining cash position as we evaluate additional purchases of AVAX tokens and our own stock, both of which we believe represent compelling value at current levels.”
What’s the Avalanche price outlook?
Avalanche’s traction in real-world assets (RWA) and DeFi, amid initiatives such the AVAX One’s balance sheet move, contributes to Avalanche’s ecosystem growth.
The boost to liquidity and continued adoption by treasury companies could help price.
The token’s price trajectory in 2025 includes a breakdown to lows of $15 in April and a surge to above $35 in September.
As of November 24, 2025, AVAX traded around $13.30, just in the green on the day but still down 12% over the past week. The bulls will target a breakout above $14 and $15 to strengthen short-term upside momentum.
AVAX ETFs, broader market conditions could prove critical for bulls.
Matt Zhang, chairman of the AVAX One board, noted that the current price could be a good time to buy.
“Avalanche is quickly emerging as one of the most foundational technologies shaping the future of global finance. With the current market volatility, we believe this is an opportune time to accumulate AVAX and accrete value for our shareholders.
Grayscale has listed its Dogecoin spot ETF in the United States.
GDOG will trade on the NYSE Arca, and analysts expect $12 million in debut volume.
The ETF, which tracks the leading memecoin, is one of many expected in the coming days.
Cryptocurrency asset manager Grayscale has launched the first spot Dogecoin exchange-traded fund in the United States.
The spot ETF, which began trading on the NYSE Arca under the ticker ‘GDOG’ on November 24, 2025, marks another milestone in the crypto market – particularly for memecoins.
GDOG marks the next step as more ETFs come to the US market, says senior ETF analyst Eric Balchunas.
Dogecoin spot ETF enters the US market
Grayscale’s Dogecoin spot ETF, GDOG, is live for investors, who can now buy shares of the product via their brokerage accounts.
Structured under the Securities Act of 1933, GDOG is a spot exchange-traded fund that directly holds physical Dogecoin tokens in secure custody rather than relying on derivatives or futures contracts.
Very wow, big excite
Grayscale Dogecoin Trust ETF (Ticker: $GDOG) is here and now available in your brokerage account.
GDOG will closely track the real-time market price of DOGE.
This means investors have transparent and efficient exposure to Dogecoin, without the complexities of direct cryptocurrency ownership, such as managing private keys or navigating exchange risks.
As it looks to attract early inflows, Grayscale has implemented an aggressive fee structure. The sponsor fee is set at 0.35% annually.
However, it will be fully waived to 0% for the first three months or until the fund reaches $1 billion in assets under management, whichever comes first.
Grayscale’s fee waiver will end on February 24, 2026.
Crypto enthusiasts and analysts predict potential for GDOG to attract both retail and institutional players eyeing the top memecoin.
According to senior Bloomberg ETF analyst Eric Balchunas, the debut performance of GDOG could see a first-day volume of $12 million.
The first spot Dogecoin ETF* in US launches today from Grayscale, ticker $GDOG (sounds like a late ’80s one hit wonder rapper). Fee is 35bps but is waived to 0.00% for first 1b or until 3mo. Day One volume predictions welcome. I’m going with $12m. *33 Act pic.twitter.com/QbdLLxejhr
The US saw its first spot crypto ETFs launch in 2024, with Bitcoin and Ethereum.
Over the past few months, this offering has increased with the rollout of multiple funds.
Notably, the flurry is expected to accelerate following the SEC’s new listing standard, and could see more added to ETFs on Solana, Hedera, XRP and Litecoin.
Balchunas says GDOG will soon be followed by more, including nearly 100 over the next six months.
The launch comes as Dogecoin trades at $0.14 amid broader market turmoil.
Despite macroeconomic pressures and sector-wide sell-offs, DOGE price could see a bounce to $0.20 and higher in the coming days.
As well as the ETF buzz, other catalysts for DOGE could be a memecoin rally, treasury company purchases and broader altcoin market resilience.
Ethereum price struggles below $3,000 with buyers defending $2,750–$2,800 support.
Open interest rises as leveraged longs increase, raising volatility risk.
Fusako upgrade sparks interest, but market remains cautious amid outflows.
Ethereum price remains under pressure after a week of sharp declines, institutional outflows, and renewed macro uncertainty.
The cryptocurrency has attempted several intraday rebounds, but none have been strong enough to shift the broader downtrend.
As investors assess shifting liquidity conditions and await the upcoming Fusako upgrade, the key question is whether Ethereum (ETH) is preparing for a relief rally or bracing for another leg lower.
Selling pressure meets fragile support
Ethereum has fallen nearly 12% over the past seven days, extending a multi-month decline and keeping price action locked inside a steep descending channel that has guided every move since early autumn.
The latest rebound from the $2,525 liquidity pocket lifted sentiment briefly, yet the overall structure remains heavy as sellers continue to defend each approach toward the channel’s upper boundary near $3,050 to $3,120.
Momentum indicators highlight this tension, with the daily RSI hovering near oversold territory, signalling exhaustion but not a confirmed reversal.
Earlier rebounds at similar RSI levels failed to build strength, giving sellers repeated opportunities to push Ethereum lower.
ETH also trades beneath the 20-day, 50-day, and 200-day EMAs, which have compressed tightly above price and formed a broad resistance zone.
This overhead pressure has pinned Ethereum below the $2,947 to $3,000 region, which remains the market’s first and most critical barrier.
A decisive break above this area is needed to shift momentum, because without it, each recovery attempt risks fading as seen throughout November.
Ethereum price squeezes between key levels
The wider technical picture shows Ethereum caught between fragile support and heavily defended resistance levels.
The $2,750 to $2,800 band has served as a demand shelf throughout the year, and buyers are once again fighting to maintain it.
Losing this zone would open a path toward deeper support levels at $2,450, $2,300, and possibly $2,150.
A clean breakdown below $2,500 would expose thin liquidity and could drive ETH toward the broader accumulation range between $2,050 and $2,200.
A sustained move above $2,947 would clear the first obstacle and potentially spark a rally toward $3,132, where the 200-day EMA converges with heavy volume resistance.
A breakout above that level could extend recovery efforts toward $3,450 and ease pressure heading into December.
Derivatives data show traders increasing exposure during the recent bounce, with the Ethereum futures open interest climbing above $34 billion and signalling that market participants are adding positions rather than unwinding them.
Long-short ratios on major exchanges have leaned toward longs, suggesting optimism but also raising the risk of sharper volatility if resistance levels hold and leveraged buyers become trapped.
Institutional flows continue to weigh on sentiment, with ETH investment products seeing more than half a billion dollars in outflows last week, led by US spot ETFs.
The retreat highlights ongoing caution among large investors who remain sensitive to interest-rate expectations and regulatory developments.
Also, Ethereum’s correlation with equity markets remains elevated, leaving the cryptocurrency exposed to broader macro swings even as the upcoming Fusako upgrade draws interest but has yet to shift market mood.
Bitcoin should have bottomed out at $80,000 last week, according to former BitMEX CEO Arthur Hayes.
Liquidity conditions are poised to turn in the crypto bulls’ favor, with the US Federal Reserve set to end QT.
The buzz around future Fed rate-cut moves remains highly volatile.
Bitcoin (BTC) should retain $80,000 support as US liquidity conditions change to boost crypto bulls.
In his latest X content, Arthur Hayes, former CEO of crypto exchange BitMEX, predicted an inbound BTC price recovery.
Hayes on BTC price: “I think $80,000 holds”
Bitcoin fell more than 35% from all-time highs as it hit its latest floor of $80,500 last week, but for Hayes, the worst is now over.
The reason, he told X followers, is US liquidity trends. The Federal Reserve is due to end its latest quantitative tightening (QT) phase next month — its balance sheet will stop shrinking, ushering in more liquidity for crypto and risk assets.
“Minor improvements in $ liq,” he summarized.
Hayes predicted that the Fed’s balance sheet should stop shrinking after this week, while noting that bank lending went up in November.
For crypto, the knock-on effect should be clear: a classic rising tide of liquidity that lifts Bitcoin and altcoins.
“We chop below $90k, maybe one more stab down into low $80k’s but i think $80k holds,” Hayes continued.
The ex-BitMEX executive stayed bullish throughout Bitcoin’s descent from its October record, earlier this month reiterating the need for quantitative easing (QE) to return for BTC price pressure to lift.
Last week, he added that stocks needed to “puke” in a similar manner to crypto before the recovery sets in.
“We are playing for more money printing, and for that we need AI tech stocks to crater,” he concluded.
BTC/USD drawdowns from all-time highs. Source: Glassnode
From hawkish to dovish in an instant
Market expectations of Fed changes to financial policy have undergone considerable fluctuations over the course of the US government shutdown and beyond.
Amid a lack of macroeconomic data, bets of another interest-rate cut at the Fed’s December meeting were hard to place.
The latest data from CME Group’s FedWatch Tool puts the odds of a 0.25% cut at around 79% as of Monday, compared to just 42% a week ago.
Fed target rate probability comparison (screenshot). Source: CME Group
The volatility did not go unnoticed in professional circles. Commenting, economist Mohamed El-Erian described the phenomenon as “stunning.”
“This kind of wild volatility is the opposite of the ‘predictability and stability’ the Fed usually strives for, especially as the central bank at the core of the global payments system,” he argued on X on the day.
“It’s the result of shutdown-disrupted data, a dual-mandate squeeze, a lame-duck Chair, and the lack of a clear strategic framework from the world’s most powerful central bank, which has been overly data-dependent for a protracted period.”
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
ZEC charts mirror BNB’s pre-crash parabola, hinting at a potential correction to the $220–$280 range next.
Analysts warn of “pump-and-dump” dynamics amid paid promotions, although some crypto veterans remain bullish long term.
Zcash (ZEC) has dropped about 30% from its November peak of $750, raising fears of deeper losses ahead, with some analysts warning of a potential “pump-and-dump.”
ZEC/USDT four-hour chart. Source: TradingView
Symmetrical triangle hints at 50% ZEC price drop
As of Monday, Zcash traded within a symmetrical triangle pattern on the four-hour chart, reflecting indecision among traders following its 1,500% price rally since late September.
The setup also followed a rebound from the 200-4H exponential moving average (200-4H EMA; the blue line), a key support trendline, suggesting a possible move toward the triangle’s upper boundary near the 0.786 Fib level at $686 in November.
Thus, a breakdown below the triangle’s lower trendline appeared to be the most likely outcome if prevailing macroeconomic conditions persist in the coming weeks.
Such a move could push ZEC toward its $282 downside target, which is approximately 50% below current levels, by early 2026.
The level aligns with the local tops established in early October, as well as the 20-period EMA (represented by the green wave) on the weekly chart.
ZEC/USDT weekly chart. Source: TradingView
BNB parabola warns of 60% Zcash price correction
Zcash’s current structure resembles the parabolic rise and breakdown previously seen in BNB (BNB) before its steep correction, according to trader Nebraskangooner.
ZEC/USDT and BNB/USDT daily chart comparison. Source: TradingView/Nebraskangooner
Much like BNB’s 2021 setup, ZEC has lost momentum after an overextended rally. Its price failed to reclaim its parabola support, as anticipated by Zcash bulls who projected a $1,000 target earlier in November.
As NebraskanGooner noted, such patterns often preceded deeper retracements of at least 60%. That brings ZEC’s potential downside target to the $220–$280 range.
Source: X
Analysts back pump-and-dump narratives
Adding to bearish sentiment, Mark Moss, a Bitcoin-focused venture capitalist and educator, shared screenshots of outreach messages from marketing agencies offering paid ZEC collaborations.
Market analyst Rajat Soni cautioned that the recent hype around ZEC may be an effort to “find exit liquidity,” citing fabricated headlines that falsely claimed Fidelity analysts predicted Zcash could hit $100,000.
Against the bearish tide, crypto bigwigs, such as BitMEX founder Arthur Hayes and Gemini co-founders Tyler and Cameron Winklevoss, remain bullish on Zcash, with the former expecting ZEC price to hit $10,000.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
