Will the Dogecoin price rebound ahead of the GDOG ETF launch?

Chainlink's price has dropped significantly, hitting a crucial support level at $12, marking a 55% decline from its peak this year and continuing a four-week downward trend. This decline coincides with a decrease in exchange supply, raising concerns among investors ahead of a potential ETF launch.

The cryptocurrency market is experiencing a notable increase today, November 23, as investors capitalize on recent price dips and stablecoin supply on exchanges begins to rise. Bitcoin's price has surged to $86,000, reflecting an almost 8% increase from its lowest point this year.

Bitcoin's price has fallen into a fragile state, trading in the mid-$80,000s after slipping below $90,000, raising concerns among analysts about the potential for a significant rally in the near future. Prominent crypto analyst Tony Severino has highlighted a bearish crossover in the 6-week LMACD momentum indicator, suggesting that the cryptocurrency is unlikely to recover anytime soon.

XRP's price has fallen below $2, with analysts indicating that it may be entering the final stages of a corrective structure, potentially dropping to $1.81 before a bullish reversal occurs. Technical analysis suggests that the current price movements align with an Elliott Wave formation, indicating further downside is likely.

Grayscale Investments has announced the launch of spot exchange-traded funds (ETFs) for Dogecoin and XRP on the NYSE Arca, set to begin trading on November 24, 2025, under the tickers GDOG and GXRP, respectively. This move allows everyday investors to access these cryptocurrencies through traditional brokerage accounts, marking a significant step in their mainstream adoption.

Coinbase has announced plans to introduce 24/7 trading for various altcoins, including SHIB, Bitcoin Cash, and Dogecoin, alongside U.S. perpetual-style futures that will settle on a five-year expiry. This move is part of Coinbase's strategy to enhance its trading offerings and attract a broader user base.

The New York Stock Exchange (NYSE) has approved the listing of Grayscale's XRP and Dogecoin exchange-traded funds (ETFs), with trading set to commence on Monday. This development is anticipated to enhance mainstream adoption of cryptocurrencies and may influence future regulatory frameworks.

Bitcoin is currently trading just above $83,000, amid a wave of liquidations totaling approximately $2 billion. This decline has been accompanied by significant outflows from spot exchange-traded funds (ETFs), indicating a challenging environment for major cryptocurrencies like BTC, ETH, XRP, and SOL.