Category: Crypto market

Forex Signals Nov 20: Earnings Preview – Walmart, Intuit, NetEase, Ross Stores Results Coming

Posted on by Skerdian Meta

The results lineup on Thursday includes a variety of businesses, such as Walmart, Intuit, NetEase, and Ross Stores, all of which offer fresh data on global demand, digital trends, and consumer health. Since markets have reacted significantly to corporate projections this season, any surprises from these names could affect trade direction through the end of the week. Continue reading “Forex Signals Nov 20: Earnings Preview – Walmart, Intuit, NetEase, Ross Stores Results Coming” →

GPU Gold Rush: Nvidia Blowout Lift Bitfarms, TeraWulf, CleanSpark,—Cipher Jumps 13% on AI Hype

Posted on by Olumide Adesina

Bitcoin and mining stocks saw an uptick late on Wednesday after Nvidia released its Q3 earnings, and guidance exceeded expectations.  Bitfarms, TeraWulf, CleanSpark, and IREN all experienced gains of approximately 10%, while Cipher Mining rose by over 13%. Nvidia helped stabilize the market with a solid quarterly earnings report, even as other markets continued their downward trend.

From Peak to Pullback: NVIDIA’s Rally Stalls as Risks Mount

Nvidia reported third-quarter revenue of $57 billion, which was below the consensus estimate of $61.98 billion, but projected fourth-quarter revenue between $63.7 billion and $66.3 billion. Colette Kress, CFO of Nvidia, mentioned during the earnings call that the useful lives of GPUs are being extended.

This positive announcement caused Nvidia’s stock to rise by 5%, pushing Bitcoin’s price up to about $92,000 after it had dipped below $89,000 earlier in the day.

Several Bitcoin miners have begun shifting portions of their operations to support AI and high-performance computing (HPC) infrastructure amid increasing demand for data center capacity alongside the growth of artificial intelligence. For instance, earlier this month, Cipher Mining announced a $5.5 billion AI hosting agreement with Amazon Web Services, while IREN signed a $9.7 billion AI cloud deal with Microsoft. Concerns regarding a potential AI bubble have led miners to sell off assets on two occasions.

IREN is taking on debt to purchase GPUs, and the supply-demand balance for GPUs is directly (and inversely) correlated with loan interest rates. In a post on X, Matthew Sigel, head of digital asset research at VanEck, remarked, “Falling BTC + widening spreads = double whammy given the capital expenditure needs.”

Although Bitcoin has remained relatively stable, analysts at JPMorgan mentioned last month that Bitcoin mining stocks have decoupled from the price of BTC, with their market capitalizations rising significantly since July.

BlackRock’s Ethereum Evolution: Launching a Staked Trust ETF

Posted on by Olumide Adesina

BlackRock appears to be planning to launch a new staked Ethereum fund. Daniel Schweiger, a managing director at BlackRock, who filed the asset manager’s initial iShares Ethereum fund in late 2023, has also filed the iShares Staked Ethereum Trust ETF.

One of the first indications that a new exchange-traded fund (ETF) is being developed is the registration of the fund’s name in Delaware.

 

According to senior Bloomberg ETF analyst Eric Balchunas, a filing for the new iShares ETH staking fund is “coming soon.”

Nasdaq submitted an amended 19b-4 to include staking in BlackRock’s existing iShares Ethereum Trust (ETHA). Competing cryptocurrency asset managers, such as Grayscale and 21 Shares, have also submitted proposals to update their Ethereum funds. As of November, ETHA, with nearly $11.5 billion in total holdings, is the largest Ethereum ETF by assets under management, according to SoSoValue.

Relatively few funds offering staking rewards have been approved despite a more lenient approach by the U.S. Securities and Exchange Commission (SEC) to allow additional cryptocurrency-related exchange-traded products to enter the market during the second Trump administration.

Grayscale recently became the first spot-market funds registered under the Securities Act of 1933 to permit staking rewards for holders, receiving approval in October for its U.S. Ethereum Trust ETF (ETHE) and Ethereum Mini Trust ETF (ETH) products.

REX-Osprey introduced a staking Solana ETF using the less common Investment Company Act of 1940. In September, REX-Osprey also launched an ETH staking fund under the 1940 Act ETF structure. Robert Mitchnick, Head of Digital Assets at BlackRock, has previously expressed his expectation that the SEC will approve ETH ETF staking as “a next phase.”

Bitwise Ignites Altcoin ETF Boom: Spot XRP Fund Goes Live Today on NYSE

Posted on by Olumide Adesina

Bitwise’s spot XRP ETF will begin trading under the ticker XRP. New altcoin ETFs have proliferated in the United States. SEC revised its guidelines to clarify the process for companies looking to launch cryptocurrency exchange-traded funds.

Bitwise Asset Management has announced the launch of its spot XRP exchange-traded fund on the New York Stock Exchange.

 

The ETF, which has a management fee of 0.34 percent that is waived for the first month on the first $500 million in assets, will begin trading on Thursday under the ticker XRP. “XRP is a really intriguing asset for several reasons,” stated Matt Hougan, CIO at Bitwise.

It processes large volumes of transactions, has a very robust and active community of supporters, and has been operating successfully for a very long time at incredibly low costs. With a market valuation of $127.3 billion, XRP is currently the third-largest non-stablecoin cryptocurrency in the world. Having enabled more than 4 billion transactions, XRP is posing a threat to the cross-border payments industry.

Canary Capital’s XRPC will be the top XRP product, followed by Bitwise’s fund. Since its launch last week, Canary’s fund has amassed net inflows totaling $276.8 million.

The Bitwise Physical XRP ETP (GXRP), which offers investors direct, physically backed exposure to the cryptocurrency, was previously introduced by Bitwise in Europe. After declaring earlier on Wednesday that its GXRP fund would soon launch, Grayscale is expected to be the next. James Seyffart, a Bloomberg analyst, stated on X that Grayscale’s Dogecoin ETF and spot XRP ETP are expected to launch next Monday, marking a first. Additionally, I believe that on Monday, the 24th, Franklin Templeton’s XRP ETF may also launch. Next week will be filled with events,” Seyffart wrote.

MSTR Meltdown: Strategy Crashes 8%+ to 1-Year Low as Bitcoin Breaches $90K

Posted on by Olumide Adesina

MicroStrategy, now known as Strategy, the enterprise analytics company turned aggressive Bitcoin treasury vehicle (ticker: MSTR), experienced a sharp sell-off, dropping approximately 10% to close at $185 per share, the lowest level since late 2024 and a new one-year low.

This continues a severe multi-week correction that has wiped out over 40% of the stock’s value since its early 2025 highs, aligning closely with the 8% + decline you mentioned.

Bitcoin’s Correction: BTC dropped 25–30% from its October 2025 all-time high of around $ 126,000 to the $ 90, 000 s range. Most of 2025’s gains have been erased by this’ sharp reset,’ driven by broader market anxiety and macroeconomic challenges like potential tariffs and slowing global growth. As’ Bitcoin on steroids,” MSTR declined even more.

Debt and Leverage Issues: To fund Bitcoin acquisitions, the company issues convertible debt and equity; it recently added 8,178 BTC for $835 million at a price of about $ 102,000 each. Rising yields and dilution risks have caused investors to doubt the sustainability of the more than $ 4 billion in debt maturing between 2027 and 2030. Critics have likened it to a Ponzi scheme due to its heavy reliance on capital raises, including analysts from Kobbeissi Letter.

The latest decline underscores ongoing risk aversion. After Bitcoin neared a record close to $ 126,000 in early October, the market struggled to stabilize, as shown by the Crypto Fear and Greed Index, which remained stuck in’ Extreme Fear.’ “Bitcoin has no future”: The cryptocurrency’s price has fallen nearly 30% since its peak, breaking key benchmarks and unsettling both long-term holders and ETF investors.

Traders hoping for a rebound are now facing increasing losses with the largest cryptocurrency in the world hovering around $ 89 500. Peter Schiff, a longtime critic of Bitcoin, reaffirmed his view that the cryptocurrency has fundamental flaws. Schiff posted on social media that “Bitcoin has no future,” claiming that stablecoins and tokenized gold are better options and that cryptocurrency is ineffective as a medium of exchange. Fund flows clearly indicate investor caution, especially on the US list.

Forex Signals Nov 19: Earnings Preview – Nvidia, Target, Palo Alto and TJX Companies Report

Posted on by Skerdian Meta

Nvidia, Palo Alto, Target, and TJX are just a few of the firms with a packed earnings calendar that might affect sentiment in the technology and retail sectors.
Continue reading “Forex Signals Nov 19: Earnings Preview – Nvidia, Target, Palo Alto and TJX Companies Report” →

Bullish Bet? BitMine Scoops More ETH While Price Clings to Crucial $3,000 Support

Posted on by Olumide Adesina

Ethereum failed to reach the $3,100 support level after losing 4% of its value over the previous day. The coin is currently trading at about $3,054 per coin after briefly falling below $3k.

 

ETH is still performing poorly despite BitMine Immersion Technologies, an Ethereum treasury company, announcing on Monday that it purchased 54,156 ETH last week, increasing its holdings to 3.56 million ETH. The company also stated that it had cut its $61 million investment in Worldcoin (WLD) Treasury Eightco Holdings (ORBS) to $37 million.

BitMine has made fewer acquisitions than this one since launching its ETH treasury in July.

This coincides with the recent weeks of bearish price movement in the larger cryptocurrency market. Thomas Lee, the chairman of BitMine, claims that the market’s current weakness is a sign that a major market maker’s balance sheet is deteriorating.

He went on to say that when a market maker has a “hole” in their balance sheet, they are trying to raise money and cutting back on their market liquidity functions. This has the effect of dampening prices and is the crypto equivalent of quantitative tightening, or QT. This QT effect persisted for six to eight weeks in 2022. And this is most likely taking place right now. Lee, however, thinks that cryptocurrency prices haven’t reached their peak for this cycle and that the market may continue to rise for another 12 to 36 months.

According to CryptoQuant’s on-chain data, BitMine currently has an unrealized loss of $3 billion because of ETH’s recent, steady decline.

Maartunn, a contributor to CryptoQuant, noted that MicroStrategy’s unrealized loss peaked at $1.9 billion during the worst of the bear market. BitMine continues to hold the largest ETH treasury, surpassing both The Ether Machine (ETHM) and SharpLink Gaming (SBET). Additionally, US spot Ethereum exchange-traded funds are revealed by data from SoSoValue.

Ripple’s XRP Dives Deep into Oversold – Buying Opportunity Just Flashed Green!

Posted on by Olumide Adesina

XRP is now priced at $2.20 after losing over 10% this week. The market’s focus has shifted to whether this situation may signal a brief recovery. The asset is now near technical levels that have previously triggered rebounds, and trading volume remains high. According to the Stochastic RSI, recent charts indicate that XRP is entering oversold territory, with the current weekly reading at 2.73, which is within the lower range.

Historically, sharp upward movements—such as gains of 53%, 216%, and 591%—have often followed previous dips to this level. Traders are watching to see if the price structure can change in favor of a bounce, even though the current reading suggests less downward momentum. A bullish divergence has appeared on the daily chart, as the RSI shows higher lows while the asset makes lower lows. This signal, shared by EGRAG CRYPTO, often emerges when downward pressure begins to ease. However, for confirmation, XRP would need to rise and regain its previous strength.

 

Data from CryptoQuant shows that XRP experienced significant inflows to Binance over the past month. Exchange wallets saw substantial increases in deposits on October 25 and November 15, with the largest one exceeding 70 million tokens. These occurrences took place during a period of steady price decline, raising concerns about potential additional selling pressure. Typically, increased inflows to exchanges can bring about heightened selling pressure. The timing of the largest inflow suggests that some holders may have decided to sell their positions, contributing to the current correction.

 

Ripple CTO David “JoelKatz” Schwartz has recently made remarks indicating that the network’s next phase might require reevaluating how value flows across its infrastructure. This discussion has drawn fresh attention to the long-established design of the XRP Ledger. It began as developers and community members examined the growing role of the XRP Ledger (XRPL), fueled by new tokenization use cases and the ongoing expansion of decentralized finance applications.

Forex Signals Nov 18: Earnings preview for Home Depot, Baidu and Klarna

Posted on by Skerdian Meta

Home Depot, Baidu, and Klarna are just a few of the well-known retail, IT, and finance companies that are reporting today. Their findings offer insightful information about consumer power, worldwide demand, and trends in digital purchasing. Continue reading “Forex Signals Nov 18: Earnings preview for Home Depot, Baidu and Klarna” →

Bear Claws XRP—Down 20% Already, $2 Support on Ripple’s Brink!

Posted on by Olumide Adesina

XRP is currently experiencing a downward trend, even following the historic launch of spot XRP ETFs.

The cryptocurrency has seen a decline of about 20% from its recent highs, and the profitability of holders has dropped to levels not witnessed since earlier this year. Currently, XRP is trading at $2.1551, continuing its descent from the $2.60 level reached just a few weeks ago.

 

Despite the improved regulatory clarity that accompanied the introduction of the spot XRP ETF in September—the first U.S.-listed fund providing direct exposure to the asset—profitability among XRP holders has significantly decreased throughout November. According to data from Glassnode, approximately one-third of all XRP holders are now facing unrealized losses, with the percentage of supply in profit falling from around 85-90% in October to current levels between 65-70%.

This marks a considerable shift from earlier periods when nearly all the supply remained profitable. For instance, when XRP was trading near $3.50 in July and August, as well as during the January rally to $4, nearly all holders experienced gains. This is the lowest profitability level since November 2024.

The connection between declining prices and supply profitability shows that holders are experiencing increasing pressure. As more wallets enter a loss position, the likelihood of capitulation selling rises. If support levels do not hold, this could speed up the downward trend. Currently, XRP’s Relative Strength Index (RSI) is at 37.81, indicating that while conditions are approaching oversold territory, they have not fully developed yet. This suggests that there may be further price declines before a potential technical rebound takes place.