The cryptocurrency market’s recovery has fizzled out over the past 24 hours as bullish sentiment faded, barring a few outliers. PayFi and DeFi tokens are still trading in positive territory, while Uniswap (UNI) has rallied close to 40% after a proposal to introduce protocol fees and change its token incentive model.
With the market losing momentum, Bitcoin (BTC) is back in the red. BTC is down nearly 1% but is clinging to $105,000, trading around $105,080. Meanwhile, Ethereum (ETH) is down 1%, trading around $3,559.
Ripple (XRP) is down over 1%, trading around $2.44, while Solana (SOL) is down 1.41% at $164. Dogecoin (DOGE) is down almost 2% and Chainlink (LINK) is down 1.31% at $16.07. Cardano (ADA), Stellar (XLM), Hedera (HBAR), Litecoin (LTC), Toncoin (TON), and Polkadot (DOT) have also registered substantial declines over the past 24 hours.
US Senate Moves To End Government Shutdown
The US Senate passed a funding deal late on Monday to restore federal operations. The bill now heads to the House for a vote before reaching President Trump’s desk. Markets opened in positive territory, with gold rising nearly 3%, while Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies also opened the week in the green. House Speaker Mike Johnson wants to move quickly on the bill, with a vote scheduled for as early as Wednesday. Markets are already pricing in an early opening, with prediction platforms betting the shutdown will end this week.
Traders also pivoted back towards risk assets as the yen weakened and US Treasury yields pushed higher. However, that momentum faded as Federal Reserve officials moved to quell talk about rapid rate cuts.
Institutional Investors Still Plan To Increase Crypto Exposure
Institutional investors still plan on increasing their exposure to Bitcoin (BTC) and other cryptocurrencies despite the sharp correction in October. According to a report by Swiss banking group Sygnum, over 61% of institutions plan to increase their cryptocurrency investments, while 55% had a bullish outlook for the short term. The report stated that around 73% of the institutions surveyed are investing in crypto due to expectations of higher future returns despite the October 10 market crash.
However, investor sentiment is uncertain thanks to continued delays in key market catalysts, including the Market Structure bill and the approval of altcoin ETFs. Sygnum’s lead crypto asset ecosystem researcher, Lucas Schweiger, stated,
“The story of 2025 is one of measured risk, pending regulatory decisions, and powerful demand catalysts against a backdrop of fiscal and geopolitical pressures. But investors are now better informed. Discipline has tempered exuberance, but not conviction, in the market’s long-term growth trajectory.”
According to Schweiger, despite October’s correction, demand catalysts and institutional participation remain at an all-time high.
Senate AG Releases Draft Crypto Bill
The US Senate Agriculture Committee has released its long-awaited draft crypto market bill on Monday, bringing Congress closer to passing legislation to outline crypto regulation. The draft includes brackets around sections of the bill still being negotiated by lawmakers, while Democrats have said the committee does not have jurisdiction over certain aspects of the bill. Democratic lawmakers have said they want to work with the Senate Banking Committee to “address issues related to noncontrolling blockchain developers and providers of blockchain services.”
The draft bill aims to outline the limits of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission’s (SEC) ability to regulate crypto. The Agriculture Committee has jurisdiction over the CFTC, while the Senate Banking Committee has jurisdiction over parts of the bill that deal with securities laws. Democrat Senator Cory Booker, who helped lead the draft with Republican Agriculture Chair John Boozman, stated the bill will give the CFTC new authority to regulate the digital commodity spot market, create new protections for retail customers, and ensure the agency can oversee the market.
Bitcoin (BTC) Price Analysis
Bitcoin’s (BTC) rally stalled around the $107,400 mark as selling pressure overwhelmed buyer momentum. The flagship cryptocurrency dropped nearly 1% on Saturday before rising 2.36% on Sunday to end the weekend at $104,694. Buyers retained control on Monday as BTC rose 1.23% and settled at $105,979. However, it has lost momentum during the ongoing session, with the price down nearly 1% at $105,133.
Meanwhile, Bloomberg Intelligence’s Mike McGlone believes BTC has entered a “do-or-die” phase as traders watch a narrowing price band for clues on which way the price will go. McGlone highlighted trend lines and monthly charts, pointing to a rollover pattern after the months-long climb that culminated in an October 6 high. According to McGlone, BTC must push back above this level to make a clear case for renewed upside. If it can’t, it risks sellers regaining control and pushing prices below its current price range.
Analysts have also highlighted that long upper wicks have been appearing on recent candles. This indicates that buyers are being checked at upper levels. The 12-month SMA has also started to flatten after steadily climbing, indicating that the buying drive is slowing down. Trader and analyst Michael van de Poppe highlighted strong resistance between $108,000 and $110,000, stating that if BTC breaks past these levels, it could push above $115,000.
Despite BTC’s recovery stalling, institutional investors remain active, with Michael Saylor’s Strategy announcing the purchase of 487 BTC, worth nearly $50 million. However, Bitcoin ETFs registered outflows totalling 1.22 billion last week. Meanwhile, market sentiment has pushed higher, with the Crypto Fear & Greed Index rising from 24 to 29.
BTC’s apparent demand has also shifted to positive, rising to its highest level since July as raiders return to risk-on mode due to improving macroeconomic conditions. BitMEX co-founder Arthur Hayes and BitMine Chairman Tom Lee recently reiterated a bullish outlook for Bitcoin, suggesting the flagship cryptocurrency could yet reach $250,000 before the end of the year. November has historically been the highest-performing month on average for Bitcoin, with average returns of around 42%. At current prices, this would put BTC around $145,000 by the end of the month.
BTC started the previous weekend in positive territory, rising 1.15% on Friday and settling at $109,555. Price action remained positive on Saturday and Sunday as BTC rose 0.45% and 0.44% to cross $110,000 and settle at $110,536. Selling pressure returned on Monday as the price fell nearly 4% and settled at $106,557. The bearish sentiment intensified on Tuesday as BTC slipped below $100,000, falling to a low of $98,892. However, it rebounded from this level to reclaim $100,000 and settle at $101,468. Despite the overwhelming selling pressure, BTC recovered on Wednesday, rising over 2% and settling at $103,869.
Source: TradingView
BTC returned to bearish territory on Thursday, dropping to a low of $100,235 before settling at $101,290. The price slipped below $100,000 again on Friday, falling to a low of $99,170 before recovering and settling at $103,284, ultimately rising nearly 2%. Price action was mixed over the weekend as BTC fell 0.97% on Saturday before rising 2.36% on Sunday and settling at $104,964. Buyers retained control on Monday as BTC rose 1.23% and settled at $105,979. Selling pressure has returned during the ongoing session, with the price down nearly 1% at $105,257.
Ethereum (ETH) Price Analysis
Ethereum (ETH) has stalled after Sunday’s rally as it failed to establish itself above the $3,600 level. The world’s second-largest cryptocurrency registered a sharp increase on Sunday, rising over 5% to reclaim $3,500 and settle at $3,583. However, momentum stalled on Monday as the price fell 0.46% to $3,567. ETH is marginally up during the ongoing session, trading around $3,574.
ETH managed to stay above key levels and start a recovery wave over the weekend, reaching $3,583 on Sunday. ETH bulls pushed the price above the Fib retracement level of the downward move from the $3,920 swing high to the $3,058 low. The upward move allowed ETH to test the key resistance level around $3,600. If ETH crosses this level, it could face resistance around $3,700 and $3,750. However, if it fails to clear these levels, it could start a fresh decline that could see prices dip towards $3,400.
Meanwhile, one analyst believes ETH could establish significantly higher lows in November. Higher lows could be crucial for a market looking to set a new all-time high before the end of the year. The analyst stated that the $3,100 level has become a key support zone, adding that if the bulls can maintain this level, ETH’s upward trend will likely continue. However, if it drops below this level, it could indicate the onset of a bear market.
“You’ve been asking what I expect next. In November, I think ETH should print a clear higher low. Only after that can we realistically target a new ATH in December. $3,100 is now the key support zone. If the bulls can defend it, then the trend stays intact. If it breaks, the bear market begins.”
ETH started the previous week in positive territory, rising 1.14% on Friday. Buyers retained control over the weekend as the price rose 0.67% on Saturday and 0.87% on Sunday to settle at $3,908. However, price action turned bearish on Monday as ETH fell nearly 8% and settled at $3,604. Selling pressure intensified on Tuesday as the price plunged to an intraday low of $3,058. However, it rebounded from this level to reclaim $3,200 and settle at $3,286, ultimately dropping almost 9%. Despite the overwhelming selling pressure, ETH recovered on Wednesday, rising over 4% to reclaim $3,400 and settle at $3,424.
Source: TradingView
Selling pressure returned on Thursday as ETH fell over 3% and settled at $3,313. The price fell to an intraday low of $3,196 on Friday as selling pressure intensified. However, it rebounded from this level to reclaim $3,400 and settle at $3,433, ultimately rising 3.63%. Price action was mixed over the weekend as ETH fell 0.94% on Saturday before rising 5% on Sunday and settling at $3,583. ETH’s momentum stalled on Monday as it registered a marginal decline and settled at $3,567. The price is marginally up during the ongoing session, trading around $3,570.
Solana (SOL) Price Analysis
Solana (SOL) has lost momentum during the ongoing session, down over 2% as sellers look to drive it below $160. The altcoin ended the weekend in positive territory, rising over 4% to settle at $164. Buyers retained control on Monday as the price rose almost 2% and settled at $167. However, SOL is back in bearish territory during the ongoing session, trading around $163.
Bitwise’s Solana ETF has recorded over $126 million in net inflows during its first full week of trading. Meanwhile, the Bitwise Solana Staking ETF (BSOL) has generated over $545 million in net inflows since its debut on the NYSE. Bitwise CEO Hunter Horsley stated on X,
“$30,000,000 of inflows into BSOL yesterday. Solana purchased. Inflows every day for the last 8 days since its launch. Over $500,000,000 in total. It’s clear investors want Solana exposure. With BSOL, we’ve aimed to construct a high-quality way for investors to get access: 100% staked, very low fees. Grateful to those entrusting Bitwise to steward their assets.”
SOL started the previous weekend in positive territory, rising 1.34% on Friday and settling at $187. The price fell 0.45% on Saturday before rising 0.76% on Sunday to end the weekend at $187. Selling pressure returned on Monday as SOL fell 11.55% and settled at $166. Sellers retained control on Tuesday as the price fell 6.65% to an intraday low of $145 before settling at $155. Despite the overwhelming selling pressure, SOL recovered on Wednesday, rising nearly 5% to cross $160 and settle at $162.
Source: TradingView
SOL lost momentum on Thursday, dropping over 4% and settling at $155. Positive sentiment returned on Friday as the price rose over 4% to reclaim $160 and settle at $161. Price action was mixed over the weekend as SOL fell 2.24% on Saturday before rising 4.09% on Sunday and settling at $164. Buyers retained control on Monday as the price rose 1.65% to $167. However, selling pressure has returned during the ongoing session, with SOL down over 2% at $163.
Bittensor (TAO) Price Analysis
Bittensor (TAO) started the previous weekend in positive territory, rising nearly 16% to settle at $481. Price action remained positive on Saturday as TAO rose 3.41% to $497. However, it lost momentum on Sunday, dropping 1.77% and settling at $488. Price action remained bearish on Monday as TAO fell 4.63% to $466. Selling pressure intensified on Tuesday as the price fell nearly 14% and settled at $401. Sellers retained control on Wednesday as TAO fell 4.32%, slipping below $400 and settling at $383.
Source: TradingView
TAO recovered on Friday despite the overwhelming selling pressure, rising over 2% to $391. The price faced volatility on Saturday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as TAO rose 1.98% and settled at $399. Price action was mixed over the weekend as TAO fell 8.02% on Saturday before rising 3.81% on Sunday and settling at $381. Buyers retained control on Monday as TAO rose 1.81% to $388. Selling pressure has returned during the ongoing session, with the price down nearly 5% at $369.
Aptos (APT) Price Analysis
Aptos (APT) traded in positive territory over the previous weekend, rising 2.05% on Saturday and 1.46% on Sunday to settle at $3.380. Selling pressure returned on Monday as the price plunged nearly 18% and settled at $2.779. Sellers retained control on Tuesday as APT fell 7.66% to $2.566. Despite the overwhelming selling pressure, the price recovered on Wednesday, rising 4.45% and settling at $2.680.
Source: TradingView
Price action remained positive on Thursday, rising 2.38% and settling at $2.744. Bullish sentiment intensified on Friday as APT rallied, rising over 15% and settling at $3.161. Price action was mixed over the weekend as APT fell 2.42% on Saturday before rising 5.01% on Sunday and settling at $3.239. Buyers retained control on Monday as the price rose 1.69% to $3.295. Selling pressure has returned during the ongoing session, with the price down 3.26%.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.