The cryptocurrency market has started the new month in bearish territory as Bitcoin (BTC) , Ethereum (ETH) , and other tokens trade in the red. As a result, the crypto market cap is down nearly 3% at $3.61 trillion. BTC traded above $110,000 over the weekend as volatility dissipated. However, selling pressure returned on Monday as the flagship cryptocurrency fell below $110,000. BTC is down over 2% in the past 24 hours, trading around $107,761, with sellers in control.
ETH has followed a similar trajectory after holding steady around the $3,900 mark over the weekend, falling to a low of $3,721 on Monday. The world’s second-largest cryptocurrency is down nearly 4% over the past 24 hours, trading around $3,739. Ripple (XRP) is down almost 3%, while Solana (SOL) is down nearly 5%, trading around $177. Dogecoin (DOGE) and Cardano (ADA) are both down over 6%, while Chainlink (LINK) is down 5.50%, trading around $16.24. Stellar (XLM) , Hedera (HBAR) , Litecoin (LTC) , Toncoin (TON) , and Polkadot (DOT) have also registered substantial declines over the past 24 hours.
Crypto Market Sentiment Rooted In “Fear” Territory
The Crypto Fear & Greed Index, a metric that measures overall crypto market sentiment, posted a “Fear” score of 37 on Sunday, up 4 points from Saturday. The increase came as the White House released a comprehensive statement outlining the agreement between the US and China. The White House statement noted,
“A massive victory that safeguards US economic strength and national security while putting American workers, farmers, and families first.”
US-China relations have been closely watched by the crypto community, with tariffs often being linked to major developments in the cryptocurrency market. The Crypto Fear & Greed Index recorded a major jump after President Trump announced a 90-day pause of reciprocal tariffs in April. More recently, the threat of 100% tariffs on China was held responsible for the October 10 market crash, with over $19 billion liquidated in just over 24 hours. The market has been struggling to recover since, with Bitcoin (BTC) slipping below key levels, and starting the ongoing week below $110,000.
Coinbase Close To BVNK Acquisition
Coinbase is reportedly close to completing the acquisition of stablecoin infrastructure startup BVNK in a $2 billion deal, according to sources familiar with the matter. The cryptocurrency exchange is continuing its stablecoin push following the passage of key legislation in the US. Market watchers believe the acquisition will be completed by the end of the year or early 2026. Coinbase’s stablecoin push could bring in additional revenue for the exchange, lessening its reliance on trading fees to generate profits. Around 20% of Coinbase’s revenue came from stablecoins during the third quarter of 2025.
ARK Invest Expands Bullish Bet
Cathie Wood’s ARK Invest has doubled down on its Bullish bet after the exchange went public on the New York Stock Exchange (NYSE) under the BLSH ticker, purchasing over $5 million worth of shares across multiple ETFs. According to trade disclosures, ARK Innovation ETF (ARKK) bought 72,537 Bullish shares, while ARK Next Generation Internet ETF (ARKW) purchased 21,354, and ARK Fintech Innovation ETF (ARKF) purchased 11,122 shares. ARK Invest initially invested $8.27 million in Bullish shares in mid-October through two of its funds, and has continued investing since the exchange’s NYSE debut.
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) has started November deep in the red, with the price down nearly 3% during the ongoing session. The flagship cryptocurrency entered the weekend on a positive note, reaching an intraday high of $111,066 on Friday before settling at $109,555. Price action remained positive on Saturday and Sunday as BTC rose 0.45’% and 0.44% to end the weekend at $110,536. However, selling pressure has returned during the ongoing session, with the price at $107,472.
The flagship cryptocurrency briefly crossed $111,000 on Sunday, trading in positive territory over the weekend. However, traders were unsure about the weekend uptick despite the likes of Binance and Coinbase bidding on BTC. However, analysts noted that the trend contrasted what was noticed during the week. Crypto investor and entrepreneur Ted Pillows implied that the weekend upside would not hold once the TradFi markets resume on Monday.
“Binance and Coinbase are bidding on $BTC now. I would really appreciate it if they would bid on weekdays too. Another Sunday pump, and we know how this ends.”
Another analyst stated that BTC’s Sunday gains could top out at $114,000.
“If that’s going to happen, then due to the nature of Sunday, prices can easily tag 113k and 114k going into Monday, but have low conviction in this.”
Trader and analyst Rekt Capital noted that BTC must reclaim the 21-week exponential moving average (EMA).
“Bitcoin is not too far away from reclaiming the 21-week EMA (green) for a successful post-breakout retest.”
BTC’s “Uptober” streak finally ended as it ended the month in the red for the first time since October 2018. The flagship cryptocurrency ended the month down between 3.5% and 4%, catching even seasoned traders off guard. Market analysts attribute the disappointing performance to the October 10 market crash, which led to over $19 billion in liquidations in 24 hours. BTC has struggled to recover since and traded below the $115,000 level. Selling pressure has intensified in recent sessions, with the price dipping below $110,000.
President Trump’s threats to restrict key software imports and impose 100% tariffs on Chinese imports intensified the ongoing trade war between the US and China, spooking an already jittery market. The Federal Reserve’s delay in implementing additional rate cuts has also weakened investor sentiment. Adam McCarthy, Senior Analyst at Kaiko, stated,
“Even top coins like Bitcoin and Ether can experience 10% drawdowns in minutes. October’s drop was a sharp reminder of how narrow and volatile this market remains.”
BTC started the previous weekend on a bullish note, rising 0.84% on Friday and 0.56% on Saturday to settle at $111,666. Bullish sentiment intensified on Sunday as the flagship cryptocurrency rose nearly 3% to cross $114,000 and settle at $114,548. BTC reached an intraday high of $116,410 on Monday. However, it lost momentum after reaching this level and settled at $114,087, ultimately dropping 0.40%. Selling pressure and volatility persisted on Tuesday as the price fell 1.03% to $112,906. Bearish sentiment intensified on Wednesday as BTC fell 2.55% and settled at $110.032.
Source: TradingView
Volatility and selling pressure persisted on Thursday as BTC reached an intraday high of $111,629, fell to an intraday low of $106,279, and settled at $108,308. Despite the overwhelming selling pressure, BTC returned to positive territory on Friday, rising 1.15% and settling at $108,555. Price action remained positive over the weekend, with BTC increasing 0.45% on Saturday and 0.44% on Sunday to settle at $110,536. However, selling pressure has intensified during the ongoing session, with the price down nearly 3% at $107,357. The MACD and RSI also indicate that sellers have the upper hand.
Ethereum (ETH) Price Analysis
Ethereum (ETH) has registered a sharp jump during the ongoing session, down over 5% at $3,714. The world’s second-largest cryptocurrency traded in positive territory over the weekend, rising 1.14% on Friday and 0.67% on Saturday. Buyers retained control on Sunday as the price rose 0.87% and settled at $3,908 before dropping during the current session.
ETH’s decline came as markets became cautious ahead of US Jobs Data, due later this week, and comments by Treasury Secretary Scott Bessent, who suggested that high interest rates are beginning to strain the economy. Bessent stated during an interview that the Federal Reserve’s restrictive policies “may have driven parts of the economy, particularly housing, into recession.” He urged the Federal Reserve to cut interest rates, adding that keeping borrowing costs high could risk economic pressure, especially for leveraged households. The crypto market responded positively to Bessent’s remarks, but gains faded as traders debated whether cuts driven by slowing economic activity could spur near-term volatility.
Despite ETH’s latest decline, its tightening structure indicates strong potential for an upward price swing. According to analysts, a break above $4,000 would validate bullish predictions. However, a dip towards $3,500 could see short-term weakness. However, analysts believe ETH’s major support level at $3,500 remains intact.
Meanwhile, the total monthly stablecoin volume on Ethereum reached a new all-time high in October as traders sought yield-bearing opportunities during the market slowdown. According to the available data, stablecoins on Ethereum registered $2.82 trillion in on-chain volume, far more than their previous all-time high of $1.94 trillion in September. Circle’s USDC registered $1.62 trillion in monthly volume, followed by USDT, which registered $895.5 billion.
ETH started the previous weekend in positive territory, rising over 2% on Friday and settling at $3,935. The price rose 0.45% on Saturday and rallied over 5% on Sunday to cross $4,000, settling at $4,157. ETH reached an intraday high of $4,266 on Monday. However, it lost momentum after reaching this level and dropped 0.87% to $4,120. Selling pressure intensified on Tuesday as the price fell 3.37%, slipping below $4,000 to $3,982. Sellers retained control on Wednesday as ETH dropped 1.92% and settled at $3,905.
Source: TradingView
Bearish sentiment intensified on Thursday as ETH fell nearly 3% to a low of $3,682 before reclaiming $3,800 and settling at $3,805. Despite the overwhelming selling pressure, the price recovered on Friday, rising 1.14% to $3,848. Price action remained positive over the weekend as ETH rose 0.67% on Saturday and 0.87% on Sunday to settle at $3,908. However, selling pressure has returned during the ongoing session, with the price down nearly 5% trading around $3,711.
Solana (SOL) Price Analysis
Solana (SOL) is down over 6% during the ongoing session as the cryptocurrency market starts the week in bearish territory. The altcoin struggled to build momentum over the weekend, rising 1.34% on Friday before dropping 0.45% on Saturday and settling at $186. The price recovered on Sunday, increasing 0.76% to end the weekend at $187.
Meanwhile, Solana ETFs continue to garner investor interest, recording the fourth consecutive day of inflows as traders rotate capital from BTC and ETH funds. According to SoSoValue data, spot Solana ETFs registered $44.48 million in inflows on Friday, taking cumulative inflows to $199 million and total assets to over $500 million, with the Bitwise Solana ETF (BSOL) leading the inflows.
In comparison, spot Bitcoin ETFs registered $191.6 million in net outflows on Friday as investors continued taking profits. Bitcoin ETFs saw $470 million in outflows on Wednesday and $488 million on Thursday. Meanwhile, spot Ethereum ETFs saw $98.2 million in net outflows on Friday.
According to analysts, Solana ETF momentum can be attributed to capital rotation as market appetite for crypto investment products grows. Vincent Liu, Chief Investment Officer at Kronos Research, stated,
“Solana ETFs are surging on fresh catalysts and capital rotation, as Bitcoin and Ether see profit-taking after strong runs. The shift signals rising appetite for new narratives and staking-driven yield opportunities. Solana momentum may extend next week, with rotation staying alive while majors pause, unless macro news sparks extreme volatility.”
Solana (SOL) rose 1.18% on Friday (October 24) and settled at $193. Price action remained positive over the weekend as SOL registered a marginal increase on Saturday before rallying over 3% on Sunday to reclaim $200. The altcoin reached an intraday high of $205 on Monday as bullish sentiment intensified. However, it lost momentum after reaching this level and fell 0.65% to $198. Sellers retained control on Tuesday as the price dropped by over 2% and settled at $194. SOL faced volatility on Wednesday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as the price registered a marginal decline.
Source: TradingView
Bearish sentiment intensified on Thursday as SOL fell nearly 5% and settled at $184. Despite the overwhelming selling pressure, the price recovered on Friday, rising 1.34% and settling at $187. Price action was mixed over the weekend as SOL registered a marginal drop on Saturday before rising 0.76% on Sunday and settling at $187. Bearish sentiment has returned during the ongoing session, with SOL down nearly 7%, trading around $175.
Internet Computer (ICP) Price Analysis
Internet Computer (ICP) registered a 3.62% increase on Friday (October 24) and settled at $3.15. Price action was mixed over the weekend as ICP fell 0.95% on Saturday before rising nearly 6% on Sunday and settling at $3.30. Selling pressure returned on Monday as the price dropped almost 4% and settled at $3.17. Sellers retained control on Tuesday as ICP fell 2.52% to $3.09. Price action remained bearish on Wednesday and fell 1.29% to $3.05.
Source: TradingView
Selling pressure intensified on Thursday as ICP fell over 5%, slipping below $3 and settling at $2.89. Despite the overwhelming selling pressure, ICP recovered on Friday, rising almost 2% and settling at $2.94. Bullish sentiment returned over the weekend as ICP rallied, rising over 17% on Saturday and over 24% on Sunday to cross $4 and settle at $4.28. However, selling pressure has returned during the ongoing session, with the price down over 11% at $3.79.
Uniswap (UNI) Price Analysis
Uniswap (UNI) has struggled to regain momentum over the past few sessions. As a result, the altcoin’s price has fallen below key levels. UNI is down over 8% during the ongoing session, trading around $5.385.
UNI started the previous weekend in the red, dropping 0.98% to $6.249. The price registered a marginal drop on Saturday before rallying on Sunday, rising nearly 7% and settling at $6.665. However, it was back in the red on Monday, dropping over 2% to $6.513. Sellers retained control on Tuesday as the price fell nearly 3% and settled at $6.341. Selling pressure persisted on Wednesday as UNI fell almost 1% to $6.341.
Source: TradingView
Bearish sentiment intensified on Thursday as UNI fell over 7%, slipping below $6 to $5.844. The price continued declining on Friday, dropping 1.71% and settling at $5.744. UNI recovered over the weekend despite overwhelming selling pressure, rising 2.04% on Saturday and registering a marginal increase on Sunday to settle at $5.860. Bearish sentiment has returned during the ongoing session, with the price down over 7% at $5.427.
