RBC's weekly crypto recap: spy chips found in Ledger hardware wallets, Binance closing a mining pool on November 10, and the altseason index hitting a 2026 high.
According to TradingView, the ETH liquidation map shows about $8.71 billion of short positions above spot, while ETFs lost roughly $600 million in a week.
Bitcoin climbed back above $82,000 as a weaker dollar and steadier risk appetite lifted crypto, with Ether up 0.3% to $2,457 and ETFs seeing modest inflows.
Market Talk reports analysts see Treasuries regaining their defensive role if AI-linked stocks slide further, while Bitcoin steadies after a four-week low on Thursday.
US Judge Alvin Hellerstein denied a joint Gemini and CFTC motion to vacate a January 2025 consent order with a $5 million penalty, per Cryptobriefing.com.
Market Talk reports bitcoin fell 1.4% to $80,627 while its gold correlation reached 51%, near late-2020 highs. The dollar index stays firm near 18-month peaks.
According to ETF provider HANetf, inflows into European crypto ETPs rose 15% in the third quarter to $360 million. Assets under management grew 55% over the same period.
Mastercard and BVNK unveil Global Money Platform, offering one API for fiat and stablecoin accounts, conversion, cards and payouts. Nuvei and Marqeta are early partners.
Glassnode says buyers from the past two years are capping Bitcoin below $88,000, while hotter US inflation pushed gold and silver lower, per WSJ market reports.