BTC is down marginally on the day around $92,390 after pulling back from October’s $126,000 peak, with volatility gauges still compressing according to CoinDesk. A top Standard Chartered strategist halved multi‑year price targets and miners face record‑low hashprice and AI competition, yet Bernstein and others still frame this as an extended bull cycle driven by ETF and institutional demand.
XRP faces fresh sell pressure after failing to hold breakout
XRP slips about 1.8% to $2.07 after repeatedly failing to sustain moves above the $2.10–2.12 area. CoinDesk reports that although volume spiked ~38% above normal with strong institutional flows, the token has lagged the broader market, suggesting profit‑taking and technical resistance are capping gains.
Ethereum outperforms majors on upgrade and treasury narratives
ETH gains roughly 2% to about $3,386 and is up over 7% on the week, outpacing Bitcoin and most large caps per Kitco’s board. CoinDesk coverage highlights accumulating interest from corporate and fund treasuries plus anticipation of the Fusaka upgrade, which together are seen as medium‑term catalysts despite near‑term macro uncertainty.
Bitcoin Dips Amid Fed Anticipation
BTC trades at $91,883 (-0.89%) after peaking at $93,200 and rebounding to $92,600, as markets price in 90% odds of Fed's 25bps rate cut but brace for hawkish signals limiting further easing.
Ethereum Holds Steady
ETH at $3,319 (-0.03%) following a 6.8% jump to $3,324, supported by altcoin momentum and upcoming Fusaka upgrade amid positive institutional bets like BitMine's ETH purchases.
XRP Faces Sell Pressure
XRP at $2.07 (-1.99%) after failing to sustain $2.12 breakout, with 38% surge in trading volume from institutional activity but underperforming broader market on profit-taking.
Analyst Forecast Cuts Weigh on Sentiment
Standard Chartered slashes BTC targets to $100K (2025), $150K (2026) from higher calls, citing ended treasury buying; contrasts Bernstein's $150K 2026 view amid ETF resilience.
Regulatory Tailwinds Emerge
US OCC allows banks as crypto intermediaries for riskless principal trades; Ripple gains Singapore approval for expanded XRP/RLUSD services, boosting integration prospects.