Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
USDC 
Lido Staked Ether 
TRON 
Dogecoin 
Cardano 
Crypto majors are trading in the red after an overnight dip, with Bitcoin (BTC) down 1% at $104,800, Ethereum (ETH) down 1% at $3,550, Binance Coin (BNB) down 2% at $978, and Solana (SOL) down 3% at $163. Among top movers, Uniswap (UNI) surged 20% and Aerodrome (AERO) gained 16%, while Zcash (ZEC) tumbled 25% to $474 but remains up 16% on the week. The US Treasury and IRS issued new guidance making it easier for ETFs to stake crypto tokens and distribute rewards to investors. Uniswap also announced a major governance proposal to activate its fee switch, conduct an initial 100 million UNI token burn, and introduce several other changes, helping boost UNI by 20%. Meanwhile, the US Senate released its first draft of a crypto market structure bill, marking a significant step toward advancing regulatory clarity. In corporate news, Jack Dorsey’s Square revealed support for Bitcoin payments across its 4 million merchants, while Gemini’s stock dropped 12% after reporting a $159.5 million net loss for Q3.
💡 DMK Insight
Bitcoin’s recent dip to $103,111 could signal a critical support test ahead. With BTC down 1% and Ethereum following suit, traders should be wary of potential cascading effects across the crypto market. The current price action suggests that if Bitcoin fails to hold above the $100,000 mark, we might see increased selling pressure, which could drag ETH and other altcoins down further. On the flip side, the notable gains in Uniswap and Aerodrome indicate that not all assets are moving in tandem, hinting at a possible rotation into altcoins. This divergence could present opportunities for swing traders looking to capitalize on short-term volatility. Keep an eye on the $100,000 support level for Bitcoin and the $3,400 mark for Ethereum; breaking these could trigger more significant moves. Watch for institutional activity as well, as they often react to these key levels, which could amplify volatility in the coming days.
📮 Takeaway
Monitor Bitcoin’s $100,000 support and Ethereum’s $3,400 level closely; breaks could lead to increased volatility and trading opportunities.
