HBAR Drops 4.2% to $0.173 as ETF Buzz Fades on Technical Selling

Asian markets are starting the week on a down note, with Bitcoin experiencing a 2% drop, falling below the $107,000 mark. This decline reflects negative investor sentiment driven by various events on local exchanges. Notably, profit-taking by large investors, often referred to as 'whales', and outflows from ETF funds are raising concerns. This 'Red October' continues to cast a shadow over the cryptocurrency market, highlighting the volatility and uncertainty that investors are currently facing.

XRP's price is facing a downturn, with predictions suggesting it could drop to a crucial support level of $2. If it falls below this threshold, it could invalidate a promising double-bottom pattern. Despite this setback, the growth of ETFs and milestones in the stablecoin sector provide a glimmer of hope for investors. Understanding these dynamics is essential as they could influence market sentiment and investment strategies moving forward.

BlackRock's plan to launch a Bitcoin ETF in Australia is a significant step forward for institutional cryptocurrency adoption. This move could not only enhance the local market but also set a precedent that may influence global regulatory trends. As more institutions consider crypto investments, the implications for the financial landscape could be profound, making this development one to watch closely.

The price of Solana (SOL) has plummeted to $158, raising concerns among investors despite the excitement surrounding Bitwise's staking ETF. This decline is significant as SOL is now testing a critical historical demand zone between $155 and $165. The situation prompts questions about whether the price will recover or continue to fall, highlighting the volatility and uncertainty in the cryptocurrency market.

Despite a significant influx of funds into Solana's SOL exchange-traded products, which recorded their second strongest weekly inflow on record, the cryptocurrency has seen a nearly 20% decline since the debut of these ETFs. This situation highlights the volatility and challenges faced by digital assets, even when there is positive market activity. Investors are left wondering about the sustainability of such inflows in the face of price drops.

A recent analysis by an XRP researcher has pointed out a pivotal moment for Ripple investors, as the REX-Osprey XRP ETF has crossed the $100 million mark. This milestone is significant because it suggests growing institutional interest in XRP, potentially leading to increased market confidence and investment opportunities. As Ripple continues to gain traction, this development could reshape the landscape for investors, making it an exciting time for those involved in the cryptocurrency.

In a surprising turn of events, Bitcoin ETFs have experienced a significant outflow of $799 million, highlighting investor concerns in the cryptocurrency market. Meanwhile, Solana ETFs have made a remarkable debut, attracting attention and capital. This contrast underscores the shifting dynamics in the crypto investment landscape, as investors reassess their strategies amidst market volatility. The performance of these ETFs is crucial as it reflects broader trends in investor sentiment and the future of cryptocurrency investments.

November has historically been a strong month for Bitcoin, often seeing average gains over 30% during bull years. Despite a pullback in October, Bitcoin's resilience, along with increasing ETF inflows and treasury accumulation, suggests that this November could be particularly explosive for the cryptocurrency. This matters because it indicates a potential upward trend, attracting more investors and possibly leading to new all-time highs.

The cryptocurrency Aster faced significant selling pressure after a brief price surge sparked by Binance founder Changpeng Zhao's endorsement. While his comment initially boosted the token's value, the excitement quickly faded as the overall market weakened, leading to a sharp decline in Aster's price, erasing most of its gains.

Fulcrum has just launched a fully insured crypto lending platform regulated in Switzerland, allowing users to access loans backed by popular cryptocurrencies and stablecoins.

The Berachain Foundation has successfully recovered $12.8 million following a recent exploit involving Balancer V2. This recovery was made possible through a hard fork and a coordinated chain restart, showcasing the resilience of the blockchain community.

CleanSpark is making strides by expanding its power capacity and securing a new site in Texas for its AI campus. This move highlights a significant trend among Bitcoin miners who are increasingly focusing on high-performance computing.

Bitcoin has dropped below $100,000, reaching its lowest point in four months. Analysts suggest that the market is currently dominated by sellers, and they believe that the effects of the recent sell-off on October 10 are still being felt.

Bitcoin faced its second worst day in 2025, experiencing significant losses and increased volatility due to macroeconomic pressures and technical selling trends.