Bitcoin climbed above $106,000 in early Monday trading after a volatile weekend that forced leveraged traders to reposition. The move marks the third sharp swing in under 48 hours, driven by speculation over proposed economic stimulus and shifting liquidity on major exchanges. Exchange data shows 7-day realized volatility reached 0.410, significantly above the 30-day measure of 0.360, indicating rapid trader repositioning without fundamental trend changes.

Ripple announced a collaboration with Mastercard, WebBank, and Gemini to test RLUSD stablecoin settlements on the XRP Ledger. The initiative aims to enable blockchain-based payments between Mastercard and WebBank using the regulated stablecoin. Initial onboarding is planned for the coming months, pending regulatory approval.

The XRP Ledger's decentralized exchange processed 954,000 transactions on November 4, marking an all-time high for the platform, data show. XRP traded at $2.21, down from over $3 in early October, highlighting a divergence between network activity and price performance.