Ethereum

Bitcoin's weekly Relative Strength Index declined to 35.73 on Thursday, its lowest level since December 2022. The Crypto Fear and Greed Index temporarily fell to 10, below readings seen during the FTX collapse. BTC dropped to $85,000 amid a broader equity market selloff.

Ethereum's total value staked reached an all-time high of 36.27 million ETH this week, with approximately 200,000 ETH added to staking pools over the past seven days, data show. The milestone comes as ETH posted its worst quarterly performance relative to Bitcoin since 2019, declining 28% in Q4. Long-term holders continued staking despite price volatility, with the asset trading near $3,000.

Retail investors withdrew approximately $4 billion from spot bitcoin and ether exchange-traded funds throughout November, data show. The outflows, which already exceed the previous record set in February, represent the primary driver behind the recent cryptocurrency market correction, according to JPMorgan analysts. During the same period, equity ETFs attracted roughly $96 billion in retail inflows.

MegaETH will launch its pre-deposit mainnet bridge on November 25, the project announced November 20. The program features a $250M total deposit cap and operates on a first-come, first-served basis. Depositors will receive consideration for future rewards.

Ethereum fell to $2,870 on Wednesday, reaching an on-chain support level that analyst MAC_D identifies as a potential bottom formation. Smaller wallets reduced positions during the decline, while whale addresses holding over 10,000 ETH continued accumulating. The price drop occurred amid risk-off sentiment before Nvidia's earnings, with markets rebounding after the chipmaker's results exceeded expectations.

Bitwise Asset Management launched the first U.S. spot XRP exchange-traded fund on the New York Stock Exchange on November 20, 2025. The ETF offers regulated access to XRP for institutional and retail investors, with a management fee of 0.34% initially waived for up to $500 million in assets. XRP traded at $1.98 with a market capitalization of $119.32 billion at the time of reporting, according to CoinMarketCap.

MegaETH will open pre-deposits for its USDm stablecoin on November 25, with a $250 million cap on a first-come basis. The stablecoin uses Ethena's USDtb infrastructure to generate yield that will offset sequencer costs. Participation is restricted to users who completed KYC during the project's token sale, which drew over $1.39 billion in bids.

The Office of the Comptroller of the Currency issued Interpretive Letter 1186 on November 18, permitting national banks to hold cryptocurrency on their balance sheets to cover blockchain network fees. The ruling enables banks to maintain native tokens like ETH for operational gas costs without relying on third-party providers, removing a key barrier for institutions running on-chain custody and stablecoin services. Banks may hold these assets as principal where they have a reasonably foreseeable operational need, the OCC stated.

A wallet holding Hyperliquid's second-largest losing position closed leveraged Bitcoin and Ethereum longs, realizing losses exceeding $10 million before opening a 6x leveraged ETH short. Another trader exited positions with a $6.2 million loss and initiated a 2x leveraged short on Ethereum worth approximately $60.4 million. The moves signal bearish positioning amid heightened market volatility.

XRP fell to approximately $2.00 on November 20, 2025, as multiple spot ETFs began trading, including the Bitwise XRP ETF on the New York Stock Exchange. The token declined roughly 3% in 24 hours and over 16% for the week. Futures liquidations totaled $18.25 million, with long positions accounting for $16 million. The Bitwise fund recorded $14.26 million in opening-day trading volume.