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Dogecoin rallied 6.5% following Tesla shareholders’ approval of Elon Musk’s record $1 trillion compensation package, with DOGE derivatives trading spiking 41%.
JPMorgan Chase disclosed a 64% surge in its BlackRock Bitcoin ETF holdings to 5.28 million shares worth $343 million, marking a dramatic reversal from CEO Jamie Dimon’s previous anti-crypto stance.
The crypto market has suffered its first red October since 2018, wiping out nearly all of 2025’s gains after a $19 billion liquidation crash.
Bitcoin clings to the $100K level after six days of ETF outflows end with $240 million in net inflows.
Let’s explore the latest crypto market updates today, on Nov. 7.
JPMorgan projects Bitcoin could reach $170,000 within 12 months, driven by favorable volatility metrics versus gold and stabilizing futures markets post-October liquidations.
XRP has jumped 3.5% following Ripple’s 2025 Swell event, where executives outlined an ambitious roadmap for 2026.
Fed rate cuts and a $940B Treasury account fuel bull predictions, while bears cite cycle history pointing to 2026 downturn.
Solana’s ETFs continued to attract capital while Bitcoin and Ethereum products faced multi-day outflows.
Ripple Labs secured $500 million from Fortress Investment Group and other investors, reaching a $40 billion valuation as its RLUSD stablecoin crosses $1 billion in market cap.
XRP has rebounded strongly from its key $2 support level, fueling optimism among analysts who believe the token could be gearing up for a major breakout.
Another flash crash pushed Bitcoin below $100,000, triggering massive liquidations as investors rushed to sell their assets on Binance.
Crypto panic grows on Nov. 5. Explore the key events shaping market sentiment today.
Bitcoin tumbled below $100,000 on Tuesday, extending losses to 20% from October highs. Over 339,000 traders were liquidated totaling $1.3 billion across crypto markets.
ICP rallied 45% following Dfinity’s Caffeine AI launch, with trading volume jumping 131% and open interest rising 92% as leveraged traders fuel the breakout.