Crypto prices today (Nov. 5): BTC, ETH, XRP, BNB fall sharply amid $2B in liquidations

Vivopower has formed a new alliance focused on climate initiatives, which is expected to significantly boost the value of XRP. This partnership highlights the growing intersection of cryptocurrency and environmental sustainability, showcasing how innovative collaborations can drive positive change.

XRP is experiencing a decline, currently trading below $2.30 and showing bearish signs. With resistance at $2.250 and a risk of further losses below $2.120, traders are closely monitoring the situation. A recovery could be possible if XRP stays above $2.150.

XRP has dropped by 6% as negative sentiment surrounding Bitcoin impacts the Ripple-linked token. Investors are reacting to the bearish trends in the cryptocurrency market, leading to a decline in XRP's value.

Bitcoin's price is facing a downturn, currently trading below $104,000 and struggling to break past the $103,500 resistance. With a bearish trend forming, analysts suggest that if it remains below the $100,000 mark, further declines could follow.

Bitcoin is showing some resilience near the $100,000 mark, but other cryptocurrencies like ETH, SOL, and XRP have experienced significant drops of 6-10%. This downturn has led to $1.6 billion in liquidations, raising concerns among investors.

The Depository Trust & Clearing Corporation has listed nine XRP ETFs, indicating a growing institutional interest in Ripple's token. These listings, which include both futures and spot products, suggest that the first U.S. spot XRP ETFs could launch this month, despite regulatory challenges.

Franklin Templeton has updated its XRP ETF filing, removing the delay provision and indicating that they are ready for a potential launch this month. This move comes as interest in the ETF grows, signaling a positive shift in the market.

Ripple has made a significant impact in the US digital asset market by launching Ripple Prime, a new brokerage service that integrates XRP and its stablecoin RLUSD. This innovative platform aims to provide clients with a secure and efficient way to engage in cryptocurrency transactions, marking a pivotal moment for institutional finance.

Charles Hoskinson, the founder of Cardano, recently addressed misleading headlines suggesting he blamed ADA users for the network's decentralized finance issues. In a video released on November 3, he clarified that his comments were misinterpreted, emphasizing a structural mismatch in participation within the ecosystem.

Bitcoin is at a crucial point as China has decided to suspend a 24% tariff on U.S. goods. This move could potentially boost the cryptocurrency market, providing a favorable environment for Bitcoin to thrive.

Solana's price has dropped significantly, falling below the $165 mark and now trading around $150. The bearish trend suggests further declines could occur unless bulls step in to defend these critical support levels.

Microsoft has shared insights on the challenges facing AI development, particularly focusing on the availability of power in data centers. As AI technology continues to advance, ensuring sufficient energy supply becomes crucial for sustaining operations and innovation.

Ethereum's price has been struggling recently, falling below $4,000 due to bearish trends influenced by Bitcoin's decline. Analysts are predicting a potential breakdown, with some suggesting a recovery followed by a crash. The outlook remains grim as the second-largest cryptocurrency faces increasing pressure.

The recent NYC election has seen significant financial losses for those betting against candidate Mamdani, with Polymarket contracts dropping nearly $1 million. This downturn highlights the unpredictable nature of political betting and the risks involved.