Bitcoin at Make or Break Level as China Suspends 24% Tariff on U.S. Goods

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.

In a recent interview, President Donald Trump expressed concerns about China's rapid advancements in the cryptocurrency sector, particularly bitcoin. He emphasized the importance of the US maintaining its leadership in this evolving market.

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.

Crypto analyst Willy Woo believes that the Strategy will not have to liquidate its Bitcoin in the upcoming bear market, stating it would require an exceptionally prolonged downturn for that to happen.

Recent on-chain data suggests that an altcoin winter may be setting in, with Ethereum and Solana experiencing a notable decline in activity. Sentora, a provider of institutional DeFi solutions, highlighted this trend on X, indicating a cooling interest in altcoins. This shift comes amid broader concerns in the cryptocurrency market, including bearish trends for Bitcoin.

Strategy is planning an additional share offering to boost its Bitcoin purchases, signaling confidence in the cryptocurrency market. This move aims to attract more investors and enhance their portfolio, reflecting a positive outlook on Bitcoin's future.

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.

Gemini is set to launch a CFTC-regulated prediction market as it seeks approval from U.S. derivatives regulators. This move represents an exciting expansion for the crypto exchange, venturing into event-based financial products beyond traditional crypto trading.

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.