Trading

The memecoin market has seen a downturn, with its market cap falling to $52.05 billion and daily trading volume at $5.45 billion. Top 10 memecoins recorded weekly losses ranging from 9.9% to 30%, raising concerns about the sector's future. Factors such as reduced trading volumes and increased sell pressure have contributed to this decline.

Animoca Brands has acquired and locked AERO tokens to gain governance influence in Aerodrome Finance, a leading decentralized exchange on Coinbase's Base network. The move signals confidence in Base's ecosystem and strengthens Animoca’s integration of decentralized finance into its Web3 portfolio.

XRP has broken out above its $2.60 consolidation wedge, with technical analysis indicating potential movement toward $2.90 if support holds. The momentum follows a bill introduced by French politician Éric Ciotti to integrate cryptocurrencies into a new monetary framework, according to analyst Lingrid.

On-chain analytics firm Glassnode has identified a critical Bitcoin price range between $111,000 and $117,000 based on investor cost basis. The $111,000 level reflects strong buying during recent downturns, while $117,000 corresponds to purchases near all-time highs. A retest of these levels may trigger significant market reactions depending on direction and sentiment.

Sequans transferred 970 Bitcoin, worth approximately $111 million, to Coinbase, marking its first major outbound transaction since launching its Bitcoin treasury strategy. The company still holds 2,264 BTC, valued at around $255 million, despite a 27% stock decline since the initiative began. Speculation persists over whether the move indicates a partial sale or a custody reorganization. The transfer occurred as Coinbase reported strong Q3 earnings driven by institutional adoption.

Market expert VirtualBacon suggests the most impactful crypto event in 2025 could be the Federal Reserve's anticipated pause in quantitative tightening, potentially followed by stealth quantitative easing. Historical patterns show such liquidity shifts correlate with altcoin rallies, as seen in 2019 after QT halted.

Solana fell below $200 and the 100-hourly simple moving average after failing to hold earlier gains. Further downside could follow if the price drops below $192 support, according to technical analysis.

Bitcoin is trading in a narrow range between $111,160 and $117,630 as weaker-than-expected U.S. inflation data boosts market sentiment. Despite improving macro conditions, traders remain cautious, according to CryptoQuant and Glassnode. Market participants are awaiting clearer directional signals before committing significant capital. A breakout above $117,630 or a drop below $111,160 could set the next trend.

Binance Coin fell 3.84% over the past ten hours as Bitcoin's rejection at $116,000 weighed on altcoin sentiment. Despite weaker buying pressure, BNB remains above the key $1,000 support level. Immediate support is at $1,026, with resistance seen at $1,182. The coin's ability to sustain the $1,000 level remains uncertain, according to AMBCrypto.

Ethereum started a downside correction after peaking at $4,252. The price is now trading below $4,080 and the 100-hourly Simple Moving Average. Further decline could follow if support at $3,920 breaks. Key resistance levels are eyed near $4,040 and $4,080.