Key Takeaways
- 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.
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