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HomeCryptoCrypto News Today: BTC Consolidates Between $101k-$103k, ETH Recaptures $3.5k

Crypto News Today: BTC Consolidates Between $101k-$103k, ETH Recaptures $3.5k


In the news today, the broader crypto landscape is going through the motions, waiting for a catalyst to make or break

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Bitcoin

Bitcoin





1.28%








Bitcoin

Bitcoin
BTC


Price

$102,565.94

1.28% /24h





Volume in 24h


$57.67B
<!–
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Price 7d

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price action as it continues its consolidation between $100,000 and $103,000.

Currently trading at



, it has managed to stay above the critical support at $100,000 after its recent jump to $106,000. The rally behind the $106,000 retest did not last too long, however, as bears pushed the price down to $102,000 again, reversing the momentum.

BTC Overview CoinMarketCap

(Source: CoinMarketCap)

In the last 24 hours, it has shed about 1.82% of its market cap, with its price action down by 1.85% in the last 24 hours. On the weekly chart, it is down by 0.27%, indicating that the momentum behind the crypto gold is fading.

The drop came about during a surge in trading activity, indicating that both buyers and sellers were battling it out.

Market Cap





For BTC to regain its upward momentum, its price action must first capture and hold the $103,000 level before decisively breaking out above $105,000. A clean break above $105.,000 level will allow BTC’s price action to then further target the $108,000- $110,000 zone and force over $1.3 Bn worth of short traders to close, further propelling up its price.

On the downside, if it slips below the $100,000 key support level, there are chances that it could fall further, potentially testing the $98,000 level.

EXPLORE: The 12+ Hottest Crypto Presales to Buy Right Now

Crypto News Today: ETH Whales Buy The Dip, What’s Next?

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Ethereum

Ethereum





1.84%








Ethereum

Ethereum
ETH


Price

$3,436.95

1.84% /24h





Volume in 24h


$38.60B
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Price 7d

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has been struggling to maintain above the $3,700 level as the bears have continuously pushed its price action down to $3,300. Currently trading at



, it has barely managed to hold above this level for an extended duration since the last 2 weeks.

Market Cap





In the last 24 hours, its price action is down by 1.23%, although it has still managed to maintain a slightly positive 3.16% gain on the weekly chart.

ETH Overview CoinMarketCap

(Source: CoinMarketCap)

Whales, however, are buying the dip, highlighting their belief that its long-term potential is still holding strong. The big question is whether it can claw back to $4,000 by the end of this year.

Interest from whales hasn’t slowed down. On the contrary, it has only grown. One wallet, known as 0x392a, recently pulled over 10,000 ETH from Kraken, worth about $34 million. Another wallet, possibly tied to Bitmine, bought 24,000 ETH, worth around $82 M.

At the same time, another wallet called “#66kETHBorrow” scooped up nearly 164,000 ETH in just two days, totaling roughly $582 M.

For ETH to stop consolidating and start its uphill battle to reclaim the $4,000 mark, it must first break decisively above $3,700. On the contrary, if its price action slips below the key support level at $3,200, it might slide down further.

EXPLORE: Best New Cryptocurrencies to Invest in 2025

Metaplanet Releases Financial Report: Nets $83M In Profits

Arijit Mukherjee

By Arijit Mukherjee

Japanese Digital Asset Treasury (DAT) company, Metaplanet, reported a strong third-quarter performance, with a net profit of ¥12.7 billion (approximately $83 million).

The surge was largely on the back of its BTC holdings and strategic asset management. The company has increasingly positioned itself as Japan’s version of Strategy in its accumulation of BTC as part of its treasury strategy. 

Metaplanet plans to continue expanding its BTC reserves and exploring further blockchain ventures. 

Taiwan Plans A BTC Strategic Reserve

Arijit Mukherjee

By Arijit Mukherjee

Taiwan’s central bank is considering adding BTC to its national reserves. If this goes through, Taiwan will become the first Southeast Asian country to hold sovereign BTC. 

The initiative was announced by legislator Dr. Ko Ju-chun and includes drafting BTC-friendly regulations within six months and launching a pilot BTC treasury using seized BTC currently valued at around $300M. 

The efforts are backed by the BTC infrastructure company JAN3. It aims to position Taiwan as a regional BTC hub. 

Binance Accused of Coordinated POPCAT Market Attack on Hyperliquid

Arijit Mukherjee

By Arijit Mukherjee

Early yesterday (November 12), a coordinated attack on Hyperliquid resulted in nearly $5M being wiped out from the protocol’s Hyperliquidity Provider (HLP) vault. An anonymous trader used $3M in capital to manipulate the POPCAT market, triggering cascading liquidations.

Binance and its founder, CZ, were quickly accused of being behind the attack, with CZ quickly moving to distance himself from the situation, stating, “I have not used any other CEX for 8 years.”

HYPE is down -4% today as fear surrounding the situation ramps up, with analysts saying the attack shows that those with deep enough pockets can financially disrupt the Hyperliquid platform.

Read More Here

Crypto Market Liquidation Crosses $565M

Arijit Mukherjee

By Arijit Mukherjee

The overall crypto market has taken a major hit, falling 2.1% to $3.56 Tn. This drop came alongside nearly $565M in liquidations. The liquidations were mostly from long positions, meaning that bullish investors were caught off guard. 

Crypto Market Liquidation Chart

(Source: CoinGlass)

Long positions being liquidated often result in increased selling pressure, pulling down prices even further. 

Investor mood has turned cautious. Many traders are still shaken by last month $19M liquidation event. The Crypto Fear and Greed Index dropped by 2 points and is now back in the Extreme Fear zone. 

EXPLORE: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025

The post Crypto News Today: BTC Consolidates Between $101k-$103k, ETH Recaptures $3.5k appeared first on 99Bitcoins.





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