BTC Defends $100k, ETH Slips Below $3.3k

Persevering with our crypto information replace from yesterday, the broader crypto market is hanging on for expensive life.

Bitcoin
BTC

$101,334.08

2.01%

was buying and selling round $103,000 yesterday, from the place it fell to $100,000 and is at present buying and selling at

, making an attempt to defend its present place.

(Supply: CoinMarketCap)

Its value is at present transferring between $100,412 and $103,478 and is exhibiting indicators of a slowing in momentum. The results of its earlier rally that led to its ATH have cooled down, and merchants are actually extra cautious.

For now, the short-term outlook seems bearish. The $100,000 stage is a key assist. If it holds, BTC may stabilize or bounce again from right here. Nonetheless, if it breaks under this stage, costs might fall additional, probably in direction of $94,000, relying on how the market situation worsens.

To show bullish once more, BTC wants to interrupt above the $110,000 – $112,000 resistance zone. With out that, it might proceed to maneuver sideways or drop.

Hanging by a thread

BTC is buying and selling proper on the sting of key assist at $100K.

Promoting strain is clearly dominating, whereas consumers are struggling to maintain the value afloat. Each dip under $100K will get purchased up quick ,,however these rebounds look weak.

If assist breaks and holds, we… pic.twitter.com/50zgrSv48r

— Cryptocapo_ (@iking_emkey1) November 7, 2025

Past the short-term ups and downs, BTC’s fundamentals stay strong and its long-term outlook seems promising. Lots of dangerous hypothesis has already been cleared out of the market, decreasing the dangers of massive value drops.

Furthermore, establishments and large traders proceed to see BTC as a secure various to conventional property.

Monetary advisers and establishments are scooping up BTC at low costs by way of ETFs like iShares Bitcoin Belief (IBIT), Constancy Sensible Origin Bitcoin Fund (FBTC), and Grayscale Bitcoin Belief (GBTC).

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Crypto Information Replace: ETH Drops Beneath $3,300

Ethereum
ETH

$3,357.49

3.37%

dropped by 4.61% within the final 24 hours, falling to

. It broke under its key assist at $3,400 although whales have been shopping for aggressively.

Sellers outnumbered consumers at key ranges, resulting in its value breaching the important thing assist. Its value motion tried to check the $3,415 stage, however was rejected, from the place it shortly dropped to $3,400.

As the value was falling, whales purchased the dip. They scooped up about 394,682 ETH price $1.37 billion between $3,247 and $3,515.

Since then, ETH has confronted points climbing again to $3,350 and has come all the way down to the place it’s at present buying and selling at $3,232.

Whales preserve accumulating $ETH — over the previous 3 days, many whales have collectively purchased 394,682 $ETH($1.37B).https://t.co/RhDYQM0yl6 pic.twitter.com/3qMSojTSTu

— Lookonchain (@lookonchain) November 6, 2025

On the technical facet, ETH’s community continues to be robust because it just lately hit a report of 24,192 transactions per second. However day by day energetic customers are down by 24% since August this yr.

$ETH simply hit a report 24,192 TPS, powered by Layer 2 Lighter, which has been constantly sustaining ~4,000 TPS since launch.

That is actual community execution.Throughput is up, charges are down, and effectivity is rising.@ethereum @VitalikButerin pic.twitter.com/qC0AA4auvc

— Crypto Patel (@CryptoPatel) November 6, 2025

Wanting forward, merchants are watching the value motion carefully. A transfer above $3,480 would assist reverse the present downtrend.

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Bitcoin ETFs See $240M Inflows After Six-Day Droop

By Arijit Mukherjee

Bitcoin lastly noticed some cash are available on 6 October 2025 after six straight days of outflows.

In accordance with SoSoValue’s information, 12 spot BTC ETFs purchased in $240 million, ending the dry spell, the place over $2 billion had been pulled out.

Nonetheless, it’s a drop in a bucket. November has been robust up to now, and US BTC ETFs have misplaced $661 million this month alone, in comparison with the robust inflows of $3.53 billion in October and $3.42 billion in September..

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Eire Fines Coinbase $25M (Approx.) Over Missed Transactions

By Arijit Mukherjee

The Central Financial institution of Eire has fined Coinbase Europe Restricted a complete of €21,464,734 for failing to satisfy its obligations underneath anti-money laundering and counter-terrorist financing guidelines.

The problems occurred between April 2021 and March 2025 and concerned vital gaps within the firm’s monitoring of transactions flowing by way of its platform. This enforcement marks the primary motion taken in opposition to a crypto agency underneath Eire’s up to date sanctions process.

Learn Extra Right here

SharpLink Strikes $14M In ETH To OKX Earlier than Earnings Report

By Arijit Mukherjee

SharpLink Gaming moved a big chunk of ETH price over $14 million to the crypto trade, OKX, simply earlier than its upcoming earnings report.

In accordance with Lookonchain’s information, a pockets linked to SharpLink withdrew 5,284 ETH, out of which 4,364 ETH (about $14.47 million) was despatched to OKX on November 7.

A pockets linked to SharpLink Gaming redeemed 5,284 $ETH($17.52M) and deposited 4,364 $ETH ($14.47M) into #OKX 4 hours in the past.https://t.co/aEOMGzxxOM pic.twitter.com/ljO14bxj7f

— Lookonchain (@lookonchain) November 7, 2025

The remaining 791 ETH continues to be sitting untouched within the pockets.

The entire worth of the ETH withdrawn was round $17.52 million on the time of the switch.

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$1.5M BTC? Cathie Woods Revises Her Prediction

By Arijit Mukherjee

ARK Make investments CEO, Cathie Wooden, has revised her ultra-bullish BTC value prediction of $1.5 million to $1.2 million. The explanation for a revision in value is stablecoins which have managed to steal BTC’s thunder.

Stablecoins like USDT and USDC have gained traction, particularly in rising markets the place they’re more and more getting used for funds and financial savings.

JUST IN: 💰 Cathie Wooden says Ark Make investments is trimming its bullish #Bitcoin forecast by $300K, citing stablecoins’ speedy development in rising markets, bringing the brand new high goal to $1.2M by 2030. pic.twitter.com/rln31NwhR1

— Bitcoin.com Information (@BTCTN) November 6, 2025

Wooden confirmed that stablecoins have absorbed among the development that was beforehand anticipated from BTC.

Nonetheless, she stays bullish on the digital gold. ARK’s up to date projections present BTC at $1.2 million in a bull case, $600,000 in a base case, and $500,000 in a bear case by 2030.

Inexperienced Crypto? Texans Aren’t Shopping for It

By Arijit Mukherjee

BTC mining corporations in Texas are selling their use of renewable vitality sources like wind and photo voltaic. They declare that their use of renewable vitality stabilizes the facility grid and helps the expansion of unpolluted vitality.

Nonetheless, native Texans aren’t shopping for it, and environmental activists are pushing again. They argue that crypto mining operations are noisy, pressure infrastructure, and divert inexperienced vitality from houses and companies.

Residents of Hood County, Texas, have voted in opposition to forming a brand new city to manage noise from a close-by Bitcoin mining website.

Solely 38% supported creating “Mitchell Bend,” a proposed two-square-mile municipality for roughly 600 residents. pic.twitter.com/vlEFys9OSb

— 0xMarioNawfal (@RoundtableSpace) November 6, 2025

On the one hand, miners declare that they’re contributing to the state’s vitality financial system. Critics beg to vary.

They argue that the environmental advantages are overstated and that offers are being made with out correct neighborhood enter.

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