Bitcoin rebounded 1.2% to $103,450, stabilizing after the steep liquidation-driven drop below $100,000 earlier in the week.
Ethereum climbed 2.2% to $3,400, while Solana reclaimed $160; total market capitalization rose 2% to $3.46 trillion.
Spot Bitcoin ETFs posted $137 million in outflows, marking the sixth consecutive day of redemptions; Ethereum ETFs saw $119 million in outflows, while Solana ETFs recorded $9.7 million in inflows for a seventh straight day.
Ripple secured a $500 million strategic investment at a $40 billion valuation, signaling renewed venture appetite for digital asset infrastructure. Japan’s Metaplanet launched a $100 million Bitcoin accumulation fund, extending the regional corporate pivot into digital assets.
ADP employment beat expectations, printing +42,000 jobs in October, the strongest gain since July, tempering fears of a deeper U.S. slowdown.
The U.S. government shutdown hit 36 days, delaying crypto legislation and tightening liquidity across funding markets.
Bitcoin is now positive for 2025, but rising Japanese bond yields and potential capital repatriation threaten to drain liquidity from global markets, posing new risks for cryptocurrencies and stablecoins.
