Bitcoin trades at $101,800, holding the key $100,000 support amid volatile intraday action between $100,000–$103,000. Total crypto market capitalization steadied at $3.41 trillion, marking the first stabilization after a volatile start to November.
Spot Bitcoin ETFs recorded $240 million in net inflows, breaking a six-day outflow streak; Ethereum ETFs added $12.51 million, and Solana ETFs maintained inflows of $29 million.
Onchain trackers noted a wallet associated with Tether’s BTC reserve withdrew 961 BTC ($97.18 million), a typical end-of-quarter accumulation move that often precedes market recoveries.
BTC whales added nearly 30,000 BTC this week, worth nearly $3 billion, while retail flows remain muted.
U.S. job cuts surged 175% YoY to 153,074 in October, the highest for any October since 2003, underscoring rising corporate caution.
Robinhood EU lists Bitcoin, signaling renewed retail access and regulatory confidence in the region.
For the first time since it began accumulating Bitcoin in 2020, Michael Saylor signalled the company may sell part of its holdings — a shift in the buy-and-hold model that has defined Strategy's identity and underpinned its equity premium.
The exchange's third major headcount reduction in three years tracks closely with the crypto market cycle, even as Armstrong points to AI as a structural reason to operate with fewer people.
The SEC this week delayed the launch of more than two dozen prediction market ETFs, citing concerns about product mechanics and disclosures. A Bloomberg analysis published last week suggests the retail-friendly pitch underpinning these products doesn't quite hold up to scrutiny.
A wave of exchange-traded funds designed to give investors exposure to prediction market outcomes was expected to begin trading as early as Thursday — until U.S. regulators intervened.
