Bitcoin Death Cross in 48 Hours — Is This the Real Bottom or a Drop to $70K?

Bitcoin fell below $100,000. It is now approaching a Bitcoin death cross, a technical event where the 50-day SMA crosses below the 200-day SMA.

Historically, this pattern has often appeared near market bottoms. However, the macro environment and the market structure of 2025 are no longer the same as in previous cycles. This raises a critical question: Is this the actual bottom, or merely one step in a more extended capitulation phase?

Death Cross Incoming: Data, History, and Short-Term Outlook

Several analysts have been watching the approaching Bitcoin death cross. The 50-day SMA is expected to cross below the 200-day SMA within the next few days.

According to analyst Colin, the upcoming Bitcoin death cross is expected around mid-November, which means it is only 1–2 days away. Before it happens, Colin expects BTC to decline further, with altcoins potentially dropping even more. This aligns with BTC’s recent retracement below $100,000.

“The projected Bitcoin ‘Death Cross’ (50 day crossing below 200 day SMA) is a timing element for when the bottom might be in.” Colin commented.

Multiple observations also support the idea that BTC typically forms a bottom around such events, although timing may vary. Another analyst on X detailed the pattern’s occurrence over the past 7 years.

Between 2018 and April 2025, Bitcoin has experienced at least eight death cross events. Each time, BTC formed a local bottom within 5–9 days and rallied at least 45% from the lows. If we consider the recent dip below $100,000 as a local bottom, projections suggest BTC could rise to at least $145,000 afterward.

BTC performance after each Bitcoin death cross. Source: X

Supporting this view, analyst Ash Crypto noted that in the last three death crosses, Bitcoin bottomed within a week before rallying strongly to new all-time highs.

Analysts predict the BTC price will reach an ATH after the death cross. Source: Ash Crypto

However, some analysts present a more cautious scenario. Another X user points out that while the Bitcoin death cross is indeed about to form, the average maximum loss following the cross is typically over 30% within 12 months. Historically, BTC takes an average of 141 days to reach a peak after a cross.

If the death cross occurs in mid-November with BTC hovering around $100,000, this model suggests a potential retracement toward the $70,000 region. A new upward cycle may then resume.

Future Scenarios: Quick Capitulation Followed by Recovery, or a Prolonged Downtrend?

If the Bitcoin death cross aligns with a final capitulation flush, history suggests a sharp rebound in the weeks that follow. Conversely, if macro conditions worsen, the death cross could instead signal a deeper correction, consistent with the historical average drawdown of roughly 30% within a year.

It is also essential to note that a death cross is primarily a timing indicator, not a guarantee of a bottom or a top. Traders should consider factors like trading volume, RSI/MACD divergences, on-chain activity, and stablecoin liquidity. These help assess the probability more accurately.

At the current moment, the higher-probability scenario is a short-term capitulation, followed by the formation of the Bitcoin death cross, and then a strong rebound. Still, short-term traders should manage risk carefully: set appropriate stop-loss levels and wait for recovery confirmation, such as a daily close above the SMA50 with rising volume, before allocating heavily.

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You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

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Ark Invest buys $15.6 million in Circle shares, adds BitMine and Bullish positions

The Block

Cathie Wood's Ark Invest purchased $15.56 million worth of Circle Internet Group shares on Thursday, along with millions of dollars in BitMine and Bullish shares, across three of its exchange-traded funds.

Ark Invest's Thursday trade filing shows that the ARK Innovation ETF (ARKK) bought 130,595 shares of Circle, while the ARK Next Generation Internet ETF (ARKW) added 38,313 Circle shares to its portfolio. The ARK Fintech innovation ETF (ARKF) also purchased 20,033 Circle shares.

The three ETFs also bought 242,347 shares of BitMine Immersion Technologies Inc., worth roughly $8.86 million, and 177,480 shares of Bullish valued at $7.28 million.

Ark’s purchases came as all three stocks fell sharply on Thursday. Circle closed down 4.59% at $82.34, according to The Block's price page. BitMine dropped 9.86% to $36.57, while Bullish fell 9.85% to $41.02.

Earlier this week, Circle reported strong third-quarter results, posting $740 million in total revenue, up 66% year-on-year. Its net income surged 202% to $214 million. USDC circulation ended the quarter at $73.7 billion, up 108% from a year earlier.

Analysts at investment bank William Blair gave Circle an "outperform" rating for its stock in a Wednesday report, saying they view the company as a clear leader in a winner-take-most market as it builds out key infrastructure, including the Circle Payments Network and Arc.

On Wednesday, Circle said it is "exploring the possibility" of launching a native token for its Arc blockchain as part of a broader push to expand onchain programmable finance. The company rolled out the Arc public testnet last month for its stablecoin-centric Layer 1 chain.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

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By The Numbers: First Spot XRP ETF Achieves Record Launch Amid 900 Competitors

NewsBTC

Canary Capital’s XRP ETF made a historic debut on Thursday, surpassing its competitors by hitting $58 million in trading volume on its first day, setting a record for the most traded ETF launch this year.

This milestone was lauded by Bloomberg expert Eric Balchunas on the social media platform X (formerly Twitter), underlining the remarkable success of the XRP ETF in the market.

The launch of the first XRP ETF in the United States earlier today had a notable impact on the XRP price, propelling it towards the crucial $2.5 level. However, subsequent market movements saw a 4% retracement, bringing the token’s current trading price to $2.3.

XRP ETF Potential

Canary Capital’s CEO, Steven McClur, recently expressed confidence in the potential of an XRP ETF, suggesting that it could outperform the achievements of Solana (SOL). He highlighted XRP’s strong liquidity and global utility, foreseeing substantial institutional investment influx in the near future.

The XRP ETF by Canary Capital has indeed outperformed Bitwise’s Solana Staking exchange-traded fund, with a trading volume of $57 million, falling just short of Canary’s fund by a mere million-dollar difference.

Analysts predict that the approval of asset managers like Franklin Templeton, Bitwise, and Grayscale in the upcoming days of November could attract significant institutional investments ranging from $4 to $8 billion, potentially leading to a substantial price surge due to the low liquidity in the market.

As a result, market analysts foresee a bullish rally for XRP, hinting that the token may be approaching the end of consolidation. They suggest long-term price targets ranging from $10 to $37.

If these bullish scenarios materialize, these surges could result in new all-time highs and significant potential gains, with projections of 334% and a staggering 1,500%, respectively, from current trading levels.

XRP Price Could See 150% Increase To $6 by 2030

In addition to the significant ETF debut by Canary Capital, industry experts like Dark Defender have shared key technical analyses that could complement the performance of the XRP ETF market.

Notably, Dark Defender highlighted signals on the weekly time frame indicating a potential surge for XRP, with resistance at $2.85, support at $2.22, and targets projected at $18.22 and $36.76.

Geoffrey Kendrick at Standard Chartered anticipates substantial gains in the forthcoming years, largely attributed to the potential of spot XRP ETFs. He has set a target price of $12.50 for 2028, implying annual returns of 73%.

Analysts at the Motley Fool have also weighed in, drawing parallels to Bitcoin’s (BTC) price appreciation following the SEC approval of spot Bitcoin ETFs in January 2024, projecting a 150% increase to $6 for XRP by 2030.

Featured image from DALL-E, chart from TradingView.com

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Bitget Lists Planck (PLANCK) for Spot Trading

Chainwire

Seychelles, Victoria, November 14th, 2025, Chainwire

Bitget, the world’s largest Universal Exchange (UEX), announced the listing of Planck (PLANCK) in the Innovation, AI and DePIN Zone, adding it to spot trading. Trading for the PLANCK/USDT pair began on 13 November 2025, 14:00 (UTC), with withdrawals available from 14 November 2025, 15:00 (UTC).

Planck Network is the world's first layer-0 blockchain for AI and DePIN, delivering scalable, cost-effective compute infrastructure for decentralized AI applications. With a modular two-layer architecture, enterprise-grade GPUs, and a robust token ecosystem, Planck Network is redefining the intersection of blockchain, AI, and physical infrastructure.

Planck is an infrastructure-focused protocol introducing a layer-0 blockchain built specifically for decentralized AI ecosystems. Designed to power DePIN networks and emerging AI applications, it offers an open, distributed alternative to today’s highly centralized cloud computing landscape. By decentralizing access to GPU resources, Planck supports scalable, verifiable AI development and aligns with the broader Web3 shift toward open, interoperable machine intelligence. The protocol generates revenue through transaction fees, SDK usage, and developer tools, while its dual-reward model incentivizes GPU operators with the native token based on uptime (proof-of-connectivity) and actual workload usage (proof-of-delivery). This framework is intended to create a sustainable, high-performance compute layer for AI developers and onchain systems.

Bitget’s Universal Exchange (UEX) combines exchange grade infrastructure with OnChain access, giving users a single account to discover and trade millions of tokens across leading networks. While this open gateway enables broad market access without traditional listing bottlenecks, Bitget’s listing highlights a different tier of assets—projects with real backing, clear utility, strong community and partner support. Together, UEX offers both breadth and quality: universal discovery at scale, and curated opportunities for users who prefer to explore crypto's vastness. The addition of Planck (PLANCK) further broadens these opportunities, strengthening Bitget’s role in expanding access to next-generation AI and infrastructure projects within the UEX ecosystem.

For more details on Planck (PLANCK), users can visit here.

About Bitget

Established in 2018, Bitget is the world's largest Universal Exchange (UEX), serving over 120 million users with access to millions of crypto tokens, tokenized stocks, ETFs, and other real-world assets, while offering real-time access to Bitcoin price, Ethereum price, XRP price and other cryptocurrency prices, all on a single platform. The ecosystem is committed to helping users trade smarter with its AI-powered trading tools, interoperability across tokens on Bitcoin, Ethereum, Solana, and BNB Chain, and wider access to real-world assets. On the decentralized side, Bitget Wallet runs as the leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built-in the platform.

Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP, one of the world’s most thrilling championships.

For media inquiries, users can contact: media@bitget.com

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, users can refer to the Terms of Use.

Contact

Simran Alphonso

media@bitget.com

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Altcoin ETFs Smash Records, But Altcoins Crash: When Will XRP, SOL, HBAR And ETH Rally?

Coinpedia

The crypto market is going through one of its strangest weeks. Altcoin ETFs are breaking trading records, but altcoin prices are still falling. Bitcoin has dropped below $98,000, marking its worst November in years, and altcoins are sliding even harder.

Altcoins Fall Even As New ETFs Surpass Records

The big shock is that this crash is happening while new altcoin ETFs are performing better than anyone expected. The Canary XRP ETF, named XRPC, launched on Nasdaq and recorded $58.5 million in first day volume. This beat the previous altcoin ETF record held by Bitwise Solana at $57 million. More than 2.26 million shares were traded, and XRP price failed to hit the $3 mark.

Why ETFs Did Not Trigger A Rally

Investors expected a strong rally after these ETF launches. Instead, the market dipped. According to Canary Capital CEO Steven McClurg, ETF growth will be strong for a while because crypto is a new asset class, but only top coins will benefit long term. He compared crypto ETFs to commodity ETFs where gold dominates, silver follows, and smaller metals barely attract attention. Crypto may follow the same pattern with only a few strong winners and many weak performers.

Altcoin Crash Has A Bigger Cause

The drop is not only happening to XRP or SOL. The broader crypto market is falling with Bitcoin weakness pulling everything down. Rising dominance, macro pressure and profit taking have all added to the sell off. Even strong ETF launches are not enough to fight the wider negative trend.

When Will Altcoins Finally Pump

Analysts are watching Bitcoin dominance closely. It was rejected again at the 50 week EMA, the same pattern seen before the 2021 altcoin season. A sharp fall in dominance usually signals that altcoins are preparing for a big run.

CryptoELlTES
@CryptooELITES
In September 2023, I said there would be a mini Altcoin Season, and no one believed me.
Now I’m saying the major #AltcoinSeason will come in Q1 2026, and most likely, no one will believe me again. pic.twitter.com/vf6cXbTqNr
Nov 12, 2025

One analyst who predicted a mini altcoin season in 2023 now believes the major altcoin season will arrive in the first quarter of 2026. If that plays out, coins like XRP, HBAR, SOL and ETH may see their strongest rallies after Bitcoin completes its next cycle move.

Conclusion

ETF launches are proving that institutional interest is rising fast. Money is flowing in, but price action is still lagging behind. Once market sentiment shifts and Bitcoin dominance breaks down, the altcoin rally investors are waiting for may finally begin.

FAQs

Why are altcoins crashing even though new ETFs are breaking records?

Altcoins are falling because Bitcoin weakness, macro pressure, and profit-taking outweigh gains from strong ETF launches.

Why didn’t the new XRP and Solana ETFs trigger an altcoin rally?

ETF demand is rising, but broader market sentiment is negative, limiting price impact and keeping altcoins under selling pressure.

How does Bitcoin dominance affect altcoin performance?

High Bitcoin dominance drains liquidity from altcoins; a sharp drop often signals the start of an altcoin-led market rally.

What do record-breaking altcoin ETFs mean for the market?

They show strong institutional interest, but prices may lag until sentiment improves and Bitcoin’s influence weakens.

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Spot bitcoin ETFs see $869 million in outflows, marking second-largest exit on record

The Block

U.S. spot bitcoin exchange-traded funds reported $869.9 million in net outflows on Thursday, marking their second-largest outflows on record.

Grayscale's Bitcoin Mini Trust led the outflows with $318.2 million, according to SoSoValue data. BlockRock's IBIT recorded $256.6 million in net outflows, while Fidelity's FBTC saw $119.9 million leave the fund. Grayscale's GBTC, along with ETFs from Ark and 21Shares, Bitwise, VanEck, Invesco, Valkyrie, and Franklin Templeton, also posted net outflows.

Thursday's exits marked the ETFs' second-largest daily net outflows since launch. The largest outflows occurred on Feb. 25, 2025, when the funds saw $1.14 billion leave in a single day.

"Large outflows signal a risk-off reset, reflecting institutions pulling back amid macro noise," said Vincent Liu, CIO of Kronos Research. "This flow weighs on short-term momentum but doesn't dent the broader structural demand. These bleed-outs align with oversold conditions, opening doors for long-term opportunists."

Min Jung, research associate of Presto Research, shared similar views. "It signals a broad de-risking across markets," said Jung. "Investors are pulling capital from higher-beta assets and rotating into safety, reflecting uncertainty around the Fed's path and deteriorating macro sentiment."

Bitcoin falls

The outflows on Thursday coincided with a broader crypto market sell-off. Bitcoin fell 6.4% in the past 24 hours to $96,956 as of 2:30 a.m. ET Friday, according to The Block's price page.

Liu of Kronos said that bitcoin's decline came from a "liquidity let-down," as "cascading liquidations met a thinning bid stack."

"Demand support is clustered around the $92k to $95k cushion zone, with buyers gradually rebuilding depth. Until fresh flows refill the books, volatility stays front and center," said Liu.

"We're currently sitting at what should be a support zone but, should we go lower, I wouldn't be surprised to see prices drop to the next key level, in the lower $90Ks," said Justin d'Anethan, head of research at markets advisory firm Arctic Digital. "I suspect those levels would be seen by many as a buying opportunity, especially for all those left on the sidelines when BTC, not that long ago, was pushing past the mid $120Ks."

Presto's Jung noted that the pullback had no single catalyst and the move appears "driven by a mix of macro uncertainty and weakening risk appetite."

"ADP and NFIB data point to a softening labor market, reinforcing an 'easing with caution' stance from the Fed heading into the December FOMC," said Jung.

Rate-cut expectations have also reset, with the odds of a December cut dropping to 52.1%, according to CME Group's FedWatch.

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XRP ETF Posts Biggest First-Day Volume of 2025

U.Today