For the first time since June this year, the primary cryptocurrency dipped below $100,000 (on a couple of occasions, in fact) this week, which is quite surprising given the overall positive developments on a macro and industry front.<\/p>\n
For instance, just last week, the US Federal Reserve cut<\/a> the interest rates by another 25 bps, which is typically regarded as a bullish move for risk-on assets. A day later, Washington and Beijing made significant progress in their trade war, which was followed by a trade deal.<\/p>\n And yet, neither of those benefited BTC. Just the opposite, its correction started after the two announcements with a price dip to $106,500 last Thursday. Nevertheless, the asset bounced by the weekend and stood mostly at around $111,000. The worst, though, was yet to take place.<\/p>\n As the new business week began, bitcoin went on another downfall and dropped to $105,000 on Monday. Its correction intensified<\/a> on Tuesday, and it plunged below $100,000 for the first time in nearly five months. Its bottom, at the time, came at $99,000.<\/p>\n The bulls tried to intercept the move and help the asset recover. They were successful at first as BTC quickly rebounded to over $104,000. However, this was a short-lived rally that was halted in its tracks. Earlier today, the cryptocurrency dipped<\/a> below $100,000 once again and now fights to stay above that crucial level.<\/p>\n Even more painful weekly declines come from the likes of ETH, which dumped to $3,200, XRP, which is close to breaking below $2.20, BNB, SOL, DOGE, ADA, LINK, BCH, and many others. In contrast, ZEC and ICP have stolen the show with price pumps of 73% and 163%, respectively.<\/p>\n <\/a>Weekly Market Overview: Source: QuantifyCrypto<\/p>\n Market Cap: $3.430T | 24H Vol: $198B | BTC Dominance: 58.2%<\/p>\n BTC: $100,160 (-8.6%) | ETH: $3,230 (-15.7%) | XRP: $2.19 (-12.7%)<\/p>\n All the Bullish Narratives Are Still There: So Why Is Bitcoin (BTC) Breaking Down?\u00a0<\/strong>As mentioned above, the bullish narratives and developments continue in the cryptocurrency markets, but the ongoing correction is quite painful. However, analysts outlined<\/a> some of the reasons behind the current crash, which include weak sentiment and deteriorating fundamentals.<\/p>\n OG DeFi Giant Balancer Exploited for $128M: Forks Are Now Bleeding Out Too<\/strong>. One of the oldest and largest names in the DeFi sphere, Balancer, was hit<\/a> with a massive $128 million hack this week. According to industry experts, the culprit for the painful exploit was a faulty smart contract check.<\/p>\n Ethereum Traders Just Flipped Bullish, But History Says This Is a Major Red Flag<\/strong>. Following ETH\u2019s bounce from under $3,200 to $3,500, investors turned bullish<\/a> on social media, which is typically a bearish sign, according to data from Santiment. Interestingly, the asset indeed tumbled in the following days to $3,200 as of press time.<\/p>\n Arthur Hayes Ties Next Bitcoin Rally to End of U.S. Government Shutdown<\/strong>. When it comes down to BTC\u2019s correction to under $100,000, market observers and commentators speculate that the main reason is the economic uncertainty in the US due to the government shutdown, which set a new record earlier this week. Arthur Hayes believes<\/a> that once that is resolved, BTC will be ready to rip. Interestingly, Raoul Pal had a somewhat similar idea, but he also included<\/a> the end of QT.<\/p>\n After Pardoning CZ, Trump Insists He Doesn\u2019t Know the Man<\/strong>. Last week, the POTUS pardoned Changpeng Zhao, the founder of Binance, who spent four months in prison and had to pay a $50 million penalty in 2024. In an interview conducted just days after the pardoning, Trump said<\/a> he didn\u2019t even know the man and admitted that his sons were behind the decision.<\/p>\n Brad Garlinghouse: Here\u2019s Ripple\u2019s Valuation Post\u2013$500M Capital Injection<\/strong>. Ripple had a big week, which included a $500 million funding round led<\/a> by Pantera Capital, Citadel Securities, and other big names. It put the company\u2019s valuation at a whopping $40 billion, said CEO Garlinghouse. Additionally, the firm acquired<\/a> a digital asset wallet and custody provider called Palisade.<\/p>\n The post BTC Slides Below $100K, Balancer Exploited for $128M, Ripple\u2019s Big Announcements: Weekly Crypto Recap<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" For the first time since June this year, the primary cryptocurrency dipped below $100,000 (on a couple of occasions, in fact) this week, which is quite surprising given the overall positive developments on a macro and industry front. For instance, just last week, the US Federal Reserve cut the interest rates by another 25 bps, […]<\/p>\n","protected":false},"author":0,"featured_media":111295,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-111294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/111294"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=111294"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/111294\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/111295"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=111294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=111294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=111294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Market Data<\/h2>\n
This Week\u2019s Crypto Headlines You Can\u2019t Miss<\/h2>\n
![<\/a>Weekly Market Overview: Source: QuantifyCrypto<\/p>\nMarket Cap: $3.430T | 24H Vol: $198B | BTC Dominance: 58.2%<\/p>\nBTC: $100,160 (-8.6%) | ETH: $3,230 (-15.7%) | XRP: $2.19 (-12.7%)<\/p>\nThis Week\u2019s Crypto Headlines You Can\u2019t Miss<\/h2>\nAll the Bullish Narratives Are Still There: So Why Is Bitcoin (BTC) Breaking Down?\u00a0<\/strong>As mentioned above, the bullish narratives and developments continue in the cryptocurrency markets, but the ongoing correction is quite painful. However, analysts outlined<\/a> some of the reasons behind the current crash, which include weak sentiment and deteriorating fundamentals.<\/p>\nOG DeFi Giant Balancer Exploited for $128M: Forks Are Now Bleeding Out Too<\/strong>. One of the oldest and largest names in the DeFi sphere, Balancer, was hit<\/a> with a massive $128 million hack this week. According to industry experts, the culprit for the painful exploit was a faulty smart contract check.<\/p>\nEthereum Traders Just Flipped Bullish, But History Says This Is a Major Red Flag<\/strong>. Following ETH\u2019s bounce from under $3,200 to $3,500, investors turned bullish<\/a> on social media, which is typically a bearish sign, according to data from Santiment. Interestingly, the asset indeed tumbled in the following days to $3,200 as of press time.<\/p>\nArthur Hayes Ties Next Bitcoin Rally to End of U.S. Government Shutdown<\/strong>. When it comes down to BTC\u2019s correction to under $100,000, market observers and commentators speculate that the main reason is the economic uncertainty in the US due to the government shutdown, which set a new record earlier this week. Arthur Hayes believes<\/a> that once that is resolved, BTC will be ready to rip. Interestingly, Raoul Pal had a somewhat similar idea, but he also included<\/a> the end of QT.<\/p>\nAfter Pardoning CZ, Trump Insists He Doesn\u2019t Know the Man<\/strong>. Last week, the POTUS pardoned Changpeng Zhao, the founder of Binance, who spent four months in prison and had to pay a $50 million penalty in 2024. In an interview conducted just days after the pardoning, Trump said<\/a> he didn\u2019t even know the man and admitted that his sons were behind the decision.<\/p>\nBrad Garlinghouse: Here\u2019s Ripple\u2019s Valuation Post\u2013$500M Capital Injection<\/strong>. Ripple had a big week, which included a $500 million funding round led<\/a> by Pantera Capital, Citadel Securities, and other big names. It put the company\u2019s valuation at a whopping $40 billion, said CEO Garlinghouse. Additionally, the firm acquired<\/a> a digital asset wallet and custody provider called Palisade.<\/p>\nThe post BTC Slides Below $100K, Balancer Exploited for $128M, Ripple\u2019s Big Announcements: Weekly Crypto Recap<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"For the first time since June this year, the primary cryptocurrency dipped below $100,000 (on a couple of occasions, in fact) this week, which is quite surprising given the overall positive developments on a macro and industry front. For instance, just last week, the US Federal Reserve cut the interest rates by another 25 bps, […]<\/p>\n","protected":false},"author":0,"featured_media":111295,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-111294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/111294"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=111294"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/111294\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/111295"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=111294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=111294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=111294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-07-153614.png\"){kind=link}