Bitcoin has dropped more than 20% from its recent peak, bringing the price close to $89,613—the average cost basis for U.S. spot Bitcoin ETF holders. Many retail investors who entered these products earlier this year now face potential losses if the cryptocurrency falls below this level. Weak market participation and lingering caution from October's liquidation event have contributed to the broader downturn.

Franklin Templeton has amended its S-1 registration for a spot XRP exchange-traded fund by removing the SEC's "8(a)" delay provision, positioning the filing for automatic effectiveness once regulatory requirements are met. The firm, which manages over $1 trillion in assets globally, joins Canary Funds and Bitwise in advancing XRP ETF applications. The move mirrors strategies previously used by Bitcoin and Ethereum ETF issuers to accelerate product launches.

Solana dropped 21% from its recent weekly peak despite U.S. exchange-traded funds recording $421 million in net inflows last week. The token tested the $156.65 support level after breaking below the $168.8 swing low established on October 10. Technical indicators suggest continued weakness despite institutional accumulation.

Litecoin spot ETFs attracted $855.88K in net inflows on November 3, marking one of the highest single-day totals in recent weeks. Active addresses and spot market volumes climbed steadily, with trading activity outpacing Zcash across daily transactions and active wallet engagement.

Zcash rose 6.19% in 24 hours to $441.47, posting a 40.28% gain over seven days. The privacy-focused cryptocurrency was the only top-20 asset in positive territory as the broader market lost $230 billion. Technical indicators show overbought conditions with the RSI at 79.14.

Ethereum dropped more than 11% on Tuesday, briefly touching $3,060 before recovering to around $3,206. The decline marked ETH's steepest weekly fall since April 2025, with leveraged market liquidations exceeding $655 million—mostly from long positions.

Bitcoin dropped below $100,000 for the first time since June, reaching approximately $99,075 and triggering $2.02 billion in leveraged position liquidations across the cryptocurrency market. The decline occurred alongside a broader equity market selloff, with long positions accounting for the majority of liquidations.

Crypto investment products recorded $360 million in outflows last week amid U.S. macro uncertainty, according to CoinShares. The Bitwise SOL staking ETF (BSOL) launched with $417 million in debut inflows, signaling sustained institutional interest in Solana despite broader market caution.