XRP Pulls Back From $2.27 Peak Yet Maintains Uptrend Structure Above $2.15

Nvidia reported earnings that exceeded expectations, leading to a positive outlook that calmed jittery markets. Following this announcement, Bitcoin's price rebounded, reclaiming the $90,000 mark. The strong performance of Nvidia's data center revenue contributed significantly to this recovery in the cryptocurrency market.

DeFi giant Spark has decided to halt its plans for a cryptocurrency application, shifting its focus towards developing institutional infrastructure. This strategic pivot indicates a response to the current market conditions and investor sentiment, which have been marked by volatility and uncertainty.

Selig, nominated by Trump to lead the Commodity Futures Trading Commission (CFTC), emphasized the importance of cryptocurrency as a 'critical mission' for the agency during a Senate hearing. He highlighted the need for regulatory clarity to foster innovation in the crypto space while ensuring consumer protection. Selig's appointment comes amid increasing scrutiny of the cryptocurrency market and calls for comprehensive regulations.

XRP investors are experiencing significant losses, with recent on-chain data indicating a sharp decline in profitable supply. The market remains fragile, despite XRP trading higher than its price from the previous year. Current statistics reveal increasing pressure on investors and a weakening market structure.

Bitcoin is currently trading around the $90,000 mark, reflecting a significant market shift. Analysts are divided on whether this decline below $100,000 signals the start of a bear market or if Bitcoin is poised for a recovery. Recent data indicates that nearly 7 million BTC are now at an unrealized loss, the highest since January 2024, highlighting the ongoing volatility and uncertainty in the cryptocurrency market.

New Hampshire is preparing to initiate its first state-backed Bitcoin bond effort, awaiting a buyer for a proposed $100 million municipal bond. This initiative aims to integrate Bitcoin into traditional finance, potentially reshaping municipal funding strategies.

Crypto leverage reached a record high in the third quarter of 2025, as decentralized finance (DeFi) continues to reshape the market structure, according to a report by Galaxy. This surge in leverage indicates a growing confidence among traders in the cryptocurrency market, despite ongoing volatility. The increasing dominance of DeFi platforms is influencing trading strategies and market dynamics.

Bitwise is set to launch an XRP ETF, expanding its cryptocurrency ETF portfolio beyond Bitcoin. This move is aimed at providing institutional-grade access to XRP, which could enhance market participation and investor interest in the cryptocurrency sector.