Market Signal Briefing

November 11, 2025 07:30 ET

 | Source:

BrainsWay

Revenue increased 29% to $13.5 million in Q3 2025 as compared with Q3 2024

Operating income totaled $1.3 million and Adjusted EBITDA rose approximately 80% to $2.0 million in Q3 2025, as compared with Q3 2024

Remaining performance obligations increased to $65 million

FDA cleared an accelerated protocol for Deep TMS treatment of patients with major depressive disorder (MDD)

Raised midpoint of full-year 2025 Revenue and EBITDA guidance

Conference call to be held today at 8:30 AM ET

BURLINGTON, Mass. and JERUSALEM, Israel, Nov. 11, 2025 (GLOBE NEWSWIRE) -- BrainsWay Ltd. (NASDAQ & TASE: BWAY) (“BrainsWay” or the “Company”), a global leader in advanced noninvasive neurostimulation treatments for mental health disorders, today reported third quarter 2025 financial results and provided an operational update.

Recent Financial and Operational Highlights

Revenue in the third quarter of 2025 increased 29% to $13.5 million, compared to the third quarter of 2024.Approximately 70% of recent customer engagements are structured as multi-year lease agreements.Currently have $65 million in remaining performance obligations from customers under multi-year contracts.Shipped a net total of 90 Deep TMS™ systems during the third quarter of 2025, a 43% increase compared to the same period last year. Total installed base now stands at more than 1,600 systems.Gross margin for the third quarter of 2025 was 75%, compared to 74% in the prior year period.Operating income for the third quarter of 2025 was $1.3 million, compared with $0.3 million for the prior year period.Adjusted EBITDA1 for the third quarter of 2025 increased 81% to $2.0 million, compared to $1.1 million for the third quarter of 2024.Net profit for the third quarter of 2025 increased 137% to $1.6 million, compared to $0.7 million for the third quarter of 2024.As of September 30, 2025, cash, cash equivalents, and restricted cash totaled $70.7 million.The U.S. Food and Drug Administration (FDA) cleared BrainsWay’s Accelerated Deep TMS™ protocol for the non-invasive treatment of Major Depressive Disorder (MDD), including patients with comorbid anxiety symptoms.The NIH has awarded a $2.5 million, five-year R01 grant to researchers at Stanford University and the Palo Alto Veterans Institute for Research to study the mechanism and efficacy of an accelerated Deep TMS protocol, using BrainsWay’s device for the treatment of Alcohol Use Disorder (AUD).Announced four new minority equity investments in 2025, expanding strategic presence across the mental health treatment ecosystem.Announced an initial $5 million strategic investment in Neurolief Ltd., a developer of the world’s first wearable, non-invasive, multi-channel brain neuromodulation platform for home use, with an option to acquire the company.
Full-Year 2025 Financial Guidance

With results continuing to trend toward the high end of expectations and improved visibility into the remainder of the year, the Company is raising the midpoint and narrowing its full-year 2025 financial outlook: including: Revenues of $51 million – $52 million, up from the previous guidance of $50 million – $52 million;Operating income of 6% – 7%, up from the previous guidance of 4% – 5%; andAdjusted EBITDA of 13% – 14%, up from the previous guidance of 12% – 13%.  “Market dynamics continue to align in our favor as we maintained strong top-line growth and increased profitability. Our Deep TMS system drove record demand in the third quarter of 2025, with meaningful adoption among both existing and new customers. Looking ahead, we see significant opportunities to extend our leadership through new therapeutic indications, accelerated treatment protocols, and broader market adoption initiatives, including potential strategic collaboration involving complementary technologies such as the at-home solutions offered by Neurolief following our recent investment in that company” said Hadar Levy, BrainsWay’s Chief Executive Officer.

“With much of our revenue derived from multi-year customer agreements, we believe we have built a solid foundation for sustainable growth. In line with this, we continue to take deliberate steps to generate long-term value for shareholders. To this end, over the past year, we have gained significant momentum with our strategic initiative to invest in high-performing mental health providers through minority equity investments. To date in 2025, we have announced four such investments and are evaluating additional opportunities. In addition to our potential as equity investors, we believe this initiative has the potential to support our core business by accelerating awareness of therapies like Deep TMS with these mental health clinics and their patients,” concluded Mr. Levy.

Call and Webcast

BrainsWay’s management will host a conference call on Tuesday, November 11, 2025, at 8:30 a.m. Eastern Time to discuss these results and answer questions.

Tuesday, November 11, 2025, at 8:30 AM Eastern Time:

United States:1-877-300-8521International:1-412-317-6026Israel:
Conference ID:1-80-921-2373
10203968Webcast:Link The conference call will be broadcast live and will be available for replay for 30 days on the Company’s website, https://investors.brainsway.com/events-and-presentations/event-calendar. Please access the Company’s website at least 10 minutes ahead of the conference call to register.

Non-IFRS Financial Measures

In addition to our results determined in accordance with International Financial Reporting Standards (IFRS), including in particular operating profit and net profit, we believe that Adjusted EBITDA, a non-IFRS measure, is useful in evaluating our operating performance. We define Adjusted EBITDA as net profit adjusted for depreciation and amortization, finance income, finance expenses, income taxes, cost of share-based payments, and one-time restructuring and litigation expenses.

In addition to operating income (loss) and net income (loss), we use Adjusted EBITDA as a measure of operational efficiency. We believe that this non-IFRS financial measure is useful to investors for period-to-period comparisons of our business and in understanding and evaluating our operating results for the following reasons:

Adjusted EBITDA is widely used by investors and securities analysts to measure a company’s operating performance without regard to items such as stock-based compensation expenses, depreciation and amortization, finance expenses, income taxes, and certain one-time items such as restructuring and litigation expenses, that can vary substantially from company to company depending upon their financing, capital structures and the method by which assets were acquired.Our management uses Adjusted EBITDA in conjunction with IFRS financial measures for planning purposes, including the preparation of our annual operating budget, as a measure of operating performance and the effectiveness of our business strategies and in communications with our board of directors concerning our financial performance; and Adjusted EBITDA provides consistency and comparability with our past financial performance, facilitates period-to-period comparisons of operations, and also facilitates comparisons with other peer companies, many of which use similar non-IFRS or non-GAAP financial measures to supplement their IFRS or GAAP results. Adjusted EBITDA, however, should not be considered as an alternative to operating profit (loss) or net profit (loss) for the period and may not be indicative of the historic operating results of the Company; nor is it meant to be predictive of potential future results. Adjusted EBITDA is not a measure of financial performance under IFRS and may not be comparable to other similarly titled measures for other companies. A reconciliation between the Company’s net profit (loss) and Adjusted EBITDA is presented in the attached summary financial statements.

Because of these and other limitations, you should consider Adjusted EBITDA along with other IFRS-based financial performance measures, including net profit (loss) and our IFRS financial results.

About BrainsWay

BrainsWay is a global leader in advanced noninvasive neurostimulation treatments for mental health disorders. The Company is boldly advancing neuroscience with its proprietary Deep Transcranial Magnetic Stimulation (Deep TMS™) platform technology to improve health and transform lives. BrainsWay is the first and only TMS company to obtain three FDA-cleared indications backed by pivotal clinical studies demonstrating clinically proven efficacy. Current indications include major depressive disorder (including reduction of anxiety symptoms, commonly referred to as anxious depression), obsessive-compulsive disorder, and smoking addiction. The Company is dedicated to leading through superior science and building on its unparalleled body of clinical evidence. Additional clinical trials of Deep TMS in various psychiatric, neurological, and addiction disorders are underway. Founded in 2003, with operations in the United States and Israel, BrainsWay is committed to increasing global awareness of and broad access to Deep TMS. For the latest news and information about BrainsWay, please visit www.brainsway.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words, and also includes any financial guidance and projections contained herein. These forward-looking statements and their implications are based on the current expectations of the management of the Company only and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In addition, historical results or conclusions from scientific research and clinical studies do not guarantee that future results would suggest similar conclusions or that historical results referred to herein would be interpreted similarly in light of additional research or otherwise. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: risks relating to the Company’s ability to consummate, finance and close proposed or potential investments, inadequacy of financial resources to meet future capital requirements; changes in technology and market requirements; delays or obstacles in launching and/or successfully completing planned studies and clinical trials; failure to obtain approvals by regulatory agencies on the Company’s anticipated timeframe, or at all; inability to retain or attract key employees whose knowledge is essential to the development of Deep TMS products; unforeseen difficulties with Deep TMS products and processes, and/or inability to develop necessary enhancements; unexpected costs related to Deep TMS products; failure to obtain and maintain adequate protection of the Company’s intellectual property, including intellectual property licensed to the Company; the potential for product liability; changes in legislation and applicable rules and regulations; unfavorable market perception and acceptance of Deep TMS technology; inadequate or delays in reimbursement from third-party payers, including insurance companies and Medicare; inability to commercialize Deep TMS, including internationally, by the Company or through third-party distributors; product development by competitors; inability to timely develop and introduce new technologies, products and applications, which could cause the actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements.

Any forward-looking statement in this press release speaks only as of the date of this press release. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission.

Contacts: 
BrainsWay:
Ido Marom
Chief Financial Officer
[email protected]

Investors:
Brian Ritchie
LifeSci Advisors LLC
[email protected]

        BRAINSWAY LTD. AND SUBSIDIARIES
 CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
 U.S. dollars in thousands
           September  30,   December 31,   2025   2024 ASSETS (Unaudited)
   (Audited) Current Assets       Cash and cash equivalents $70,458   $69,345 Restricted cash 251   271 Trade receivables, net 5,129   4,596 Inventory 4,418   4,426 Other current financial assets 1,079   - Other current assets 1,598   1,032   82,933   79,670 Non-Current Assets       Investments in financial assets  12,567   - System components 2,912   1,707 Leased systems, net 4,561   3,959 Other property and equipment, net 787   752 Right-of-use assets 5,757   5,530 Other long-term assets 3,545   2,698   30,129   14,646   $113,062   $94,316         LIABILITIES AND EQUITY       Current Liabilities       Trade payables $2,791   $2,868 Deferred revenues 13,615   4,434 Liability in respect of government grants 2,488   1,293 Current maturities of lease liabilities 1,043   824 Other accounts payable 6,056   5,927   25,993   15,346 Non-Current Liabilities       Deferred revenues 6,466   3,625 Liability in respect of government grants 4,829   5,803 Lease liabilities 5,709   4,800 Warrants liability -   2,429   17,004   16,657         Equity       Share capital 418   413 Share premium                 159,873                   157,597 Reserve for share-based payment                     3,517                       4,872 Warrants                     2,126                             -   Currency Translation Adjustments                   (2,188)                    (2,188)Accumulated deficit                 (93,681)                  (98,381)                    70,065                     62,313           $              113,062   $                94,316                            BRAINSWAY LTD. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF COMPREHENSIVE PROFIT (LOSS)U.S. dollars in thousands (except per share data)            For the three months ended
September  30,  For the nine months ended September  30,  2025 2024  2025 2024  (Unaudited)
  (Unaudited)Revenues $          13,512 $          10,502  $          37,680 $          29,602Cost of revenues               3,353               2,781                9,412               7,532Gross profit             10,159               7,721              28,268             22,070                    Research and development expenses, net               2,396               1,809                7,072               5,146Selling and marketing expenses               4,729               4,108              13,831             11,731General and administrative expenses               1,781               1,523                4,958               4,233Total operating expenses               8,906               7,440              25,861             21,110          Operating profit               1,253                  281                2,407                  960          Finance income               1,126                  830                4,540               1,945Finance Expense                  571                  374                1,778               1,182Profit before income taxes               1,808                  737                5,169               1,723Income taxes                  242                    75                   469                  350Net profit and total comprehensive profit $            1,566 $               662  $            4,700 $            1,373          Basic net income per share $              0.04 $              0.02  $              0.12 $              0.04Diluted net income per share $              0.04 $              0.02  $              0.11 $              0.04                                  BRAINSWAY LTD. AND SUBSIDIARIES
 CONSOLIDATED STATEMENTS OF CASH FLOWS
 U.S. dollars in thousands
                For the three months ended
September  30,
 For the nine months ended September  30,
  2025
 2024
 2025
 2024
  (Unaudited)
  (Unaudited)
 Cash flows from operating activities:            Total comprehensive profit $          1,566  $             662  $      4,700  $      1,373 Adjustments to reconcile net profit to net cash provided by operating activities:            Adjustments to profit or loss items:            Depreciation and amortization                179                 188             550             308 Depreciation of leased systems                225                 260             636             755 Impairment and disposal of inventory and system components                  68                 600             236          1,242 Finance income, net              (555)              (456)        (2,762)           (763)Cost of share based payment                364                 388             916          1,057 Income taxes                242                   75             469             350 Total adjustments to reconcile profit                523              1,055               45          2,949 Changes in asset and liability items:            Decrease (increase) in inventory              (115)              (465)            310            (572)Decrease (increase) in trade receivables           (1,246)                415            (419)            295 Decrease (increase) in other current assets              (796)                  41            (532)              72 Increase (decrease) in trade payables             1,551               (366)           (139)            514 Increase (decrease) in other accounts payable             1,330                 456             492              (74)Increase (decrease) in deferred revenues           (2,669)                (52)       12,022          1,151 Total changes in asset and liability        (1,945)               29     11,734       1,386 Cash paid and received during the period for:            Interest paid                (34)                (81)             (88)           (104)Interest received             1,274                 613          3,022          2,194 Income taxes paid                    2                      -            (634)           (994)Total cash received during the period             1,242                 532          2,300          1,096 Net cash provided by operating activities:             1,386              2,278        18,779          6,804              Cash flows from investing activities:            Purchase of property and equipment and system components, net              (800)           (1,300)        (3,009)        (2,871)Withdrawal of restricted cash                     -                      -               20    Proceeds from lease assets                     -                      -                  -               40 Purchase of financial assets measured at fair value            (7,300)                     -       (12,300)                 - Proceeds from short-term bank deposits           10,000                      -                  -        35,000 Investment in short-term bank deposits                     -                      -                  -                  - Investment of long-term deposits, net              (535)                (34)        (1,171)             (15)Net cash provided by (used in) investing activities             1,365            (1,334)      (16,460)       32,154              Cash flows from financing activities:            Repayment of liability in respect of research and development grants                     -               (572)           (641)        (1,104)Exercise of share options                     -                      -                  -               19 Repayment of lease liability              (208)              (126)           (586)           (237)Net cash used in financing activities              (208)              (698)        (1,227)        (1,322)Exchange rate differences on cash and cash equivalents                    3                   17               21              (29)             Increase in cash and cash equivalents             2,546                 263          1,113        37,607 Cash and cash equivalents at the beginning of the period           67,912            47,864        69,345        10,520 Cash and cash equivalents at the end of the period $        70,458  $        48,127  $    70,458  $    48,127              (a) Significant non cash transactions:            Change in prepaid expenses recognized with corresponding liability  $           (1,631)  $-  $(144)  $- Right-of-use asset recognized with corresponding lease liability $             638  $          5,469  $         835  $      5,650                                                         BRAINSWAY LTD.
 A reconciliation of Adjusted EBITDA to net profit, the most directly comparable IFRS measure, is set forth below:  
 U.S. dollars in thousands (except share and per share data)
                For the three months ended
September  30,
 For the nine months ended
September  30,
  2025
 2024
 2025
 2024
  (Unaudited)
  (Unaudited)
 Net profit and total comprehensive profit $            1,566  $             662  $     4,700  $           1,373              Finance income, net                (555)              (456)       (2,762)               (763)Income taxes                  242                   75            469                  350 Depreciation and amortization                  179                 188            550                  308 Depreciation of leased systems                  225                 260            636                  755 Cost of share based payment                  364                 388            916               1,057 Restructuring and litigation Cost                      -                      -            258                      - Adjusted EBITDA $            2,021  $          1,117  $     4,767  $           3,080               _____________________
1 See Adjusted EBITDA details and reconciliation table in the appendix below.

LOUISVILLE, Ky., Nov. 11, 2025 (GLOBE NEWSWIRE) -- Creative Realities, Inc. (“Creative Realities,” “CRI,” or the “Company”) (NASDAQ: CREX), a leading provider of digital signage, media and AdTech solutions, today announced that it has hired Dan McAllister as Chief Revenue Officer (“CRO”) effective November 17, 2025. Mr. McAllister is a veteran revenue and transformation leader with more than 25 years of experience driving growth across digital signage, experiential technology, and enterprise SaaS. His career has been built around elevating how brands connect with people and scaling intelligent display networks, immersive content ecosystems, and data-powered customer experiences across retail, automotive, QSR, hospitality, and large venue environments. He has guided organizations through major inflection points in their growth trajectory – including the shift from static to dynamic networks; the move to cloud-based CMS ecosystems; the rise of programmatic Digital Out-of-Home networks (“DOOH”); and the emergence of AI-powered personalization and automation.

“I’m excited to announce the new position of CRO at Creative Realities and appointment of Dan McAllister,” said Rick Mills, Chairman and Chief Executive Officer. “With CRI now a much larger, more advanced organization after the acquisition of Cineplex Digital Media, having an experienced visionary like Dan will help ensure we take full advantage of all opportunities ahead of us to accelerate growth throughout North America. Dan’s expertise spans the full digital signage value chain – shaped through his work with industry leaders such as Scala, where he gained foundational experience with one of the platforms that defined the modern CMS landscape. His later contributions at Spectrio, one of the larger digital signage and audio-visual experience companies in the US, expanded his perspective on enterprise deployments, targeted content strategies, and long-term managed services. He’s known for turning complex markets into high-velocity revenue engines and will be a key asset as we maintain – and enhance – our leadership position in providing end-to-end turnkey, digital signage solutions for our broad and growing array of customers. He'll immediately be a great asset to our team, and we welcome him enthusiastically.”

Dan McAllister
Mr. McAllister was most recently the CRO at Blink AI Automotive, a leader in automotive dealership scheduling and communication, where he utilized AI applications to advance Complex enterprise customer engagement. He previously was CRO at Spectrio while also having served in high-profile positions at The Miele Group, the Automotive Broadcasting Network, and Scala. He has B.S. in marketing and communications from Babson College.

About Creative Realities, Inc.
Creative Realities designs, develops and deploys digital signage-based experiences for enterprise-level networks utilizing its ClarityTM, ReflectViewTM, and iShowroomTM Content Management System (CMS) platforms. The Company is actively providing recurring SaaS and support services across diverse vertical markets, including but not limited to retail, automotive, digital-out-of-home (DOOH) advertising networks, convenience stores, foodservice/QSR, gaming, theater, and stadium venues. In addition, the Company assists clients in utilizing place-based digital media to achieve business objectives such as increased revenue, enhanced customer experiences, and improved productivity. This includes the design, deployment, and day to day management of Retail Media Networks to monetize on-premise foot traffic utilizing its AdLogicTM and AdLogic CPM+TM programmatic advertising platforms.

Contacts
Media:
Christina Davies
[email protected]

Investor Relations:
Chris Witty
[email protected]
646-438-9385
[email protected]
https://investors.cri.com/

TORONTO, Nov. 11, 2025 (GLOBE NEWSWIRE) -- Matador Technologies Inc. (“Matador” or the “Company”) (TSXV: MATA, OTCQB: MATAF, FSE: IU3) today announced the successful closing of its previously disclosed USD $100 million secured convertible note facility (the “Facility”) with ATW Partners and the completion of its first drawdown under the Facility to acquire 92 bitcoin for CAD $13.2 million (USD $9.5 million). The bitcoin was purchased through Netcoins (owned by BIGG Digital Assets Inc., TSXV: BIGG) and FalconX at an average price of USD $102,752 per bitcoin, inclusive of fees and expenses. BitGo will also secure all bitcoin holdings in qualified custody through its regulated entity, BitGo Trust Company, Inc.

Q3: 2025-11-10 Earnings SummaryEPS of -$0.23 beats by $0.01

 |

Revenue of

$260.00K

(126.09% Y/Y)

misses by $25.00K

Insight Molecular Diagnostics Inc. (IMDX) Q3 2025 Earnings Call November 10, 2025 5:00 PM EST

Company Participants

Gabrielle Woody - Sr. Executive Assistant
Joshua Riggs - President, CEO & Director
Andrea James - Chief Financial Officer
Ekkehard Schutz - Chief Science Officer

Conference Call Participants

Mark Massaro - BTIG, LLC, Research Division
Harrison Parsons - Stephens Inc., Research Division
Michael Matson - Needham & Company, LLC, Research Division
Thomas Flaten - Lake Street Capital Markets, LLC, Research Division

Presentation

Gabrielle Woody
Sr. Executive Assistant

Greetings, everyone, and welcome, everyone, and thank you for joining us to discuss Insight Molecular Diagnostics Third Quarter 2025 Results. If you have not seen today's shareholder letter, please visit Insight Molecular Diagnostics Investor Relations page at investors.imdxinc.com. Today's prepared remarks build upon the information already shared in this robust letter.

Joining us today are Insight Molecular Diagnostics' President and CEO, Josh Riggs; Chief Science Officer, Ekke Schutz; and CFO, Andrea James. We also have our analysts with us as panelists. After our prepared remarks, our analysts may ask questions.

Before turning the call over to Josh Riggs, I'd like to go over our safe harbor. The company will make projections and forward-looking statements regarding future events. Any statements that are not historical facts are forward-looking statements. These statements are made pursuant to and within the meaning of the safe harbor provision of the Private Securities Litigation Reform Act of 1995. We encourage you to review the company's SEC filings, including the company's most recent Form 10-K and subsequent Forms 10-Q, which identify risks and uncertainties that may cause future actual results or events to differ materially.

Please note that the forward-looking statements made during today's call speak only to the date they are made, and Insight Molecular Diagnostics undertakes no obligation to update them.

And with that, I would like to

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The market reaction may therefore be more emotional than rational, reflecting disappointment rather than a change in the underlying story.

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As long as you take a long-term view, now could be the time to buy the dip on Bitcoin.

For Bitcoin (BTC 0.86%) investors, $100,000 is a psychologically important price level. Bitcoin first hit that level in December 2024, and at the time, it looked as if the world's most popular cryptocurrency was set to double in value in 2025.

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Yes, buy the dip
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Image source: Getty Images.

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No, it's the end of the four-year cycle
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Moreover, keep in mind: Bitcoin historically has moved in four-year cycles. There is a period of steady price appreciation for the first two years of the cycle. Then the Bitcoin halving takes place, when the reward for mining new bitcoins is cut in half, and the price goes parabolic. This period of rapid gains typically lasts from 12 to 18 months. And then comes the crash. Quite simply, the bottom falls out on Bitcoin.

Today's Change

(

-0.86

%) $

-906.34

Current Price

$

105081.00

If you buy into the idea of the four-year Bitcoin cycle, then it's nerve-wracking to see Bitcoin drop below $100,000. The last Bitcoin halving took place in April 2024, so the period of rapid price gains should be coming to a close soon.

If Bitcoin loses 60% or 70% of its value, as it did in 2018 and 2022, then we could be talking about a price of $40,000 or even $30,000 for Bitcoin by the end of next year. Some Bitcoin bears are even calling for it to drop all the way to zero.

Buy and hold Bitcoin for at least four years
If you're a glass half-full type of investor, then you buy the dip. All the major catalysts for Bitcoin are still in place, and the pace of institutional adoption of Bitcoin appears to be accelerating.

If you're a glass half-empty type of investor, then you sell your Bitcoin ahead of what could be a long spiral down. And indeed, that appears to be what's happening right now. Outflows out of the spot Bitcoin ETFs are accelerating.

Ultimately, Bitcoin's cyclical nature is likely not going away anytime soon. But that's perfectly OK. As long as you plan to buy and hold for a minimum of four years (that is, until the start of the next cycle), then now could be the time to start dollar-cost averaging into Bitcoin on the way down.

As long as you plan to buy and hold for a minimum of four years, Bitcoin will likely recover in price, just as it has before. From there, if all goes according to plan, it will continue its relentless climb upward.

After Uniswap’s explosive 30% rally following founder Hayden Adams’ “UNIfication” proposal, the spotlight has shifted to the broader DeFi sector. The move reignited interest across major decentralized finance tokens, with traders now eyeing whether AAVE, Synthetix (SNX), and Compound (COMP) can mirror Uniswap’s momentum.

The rally comes amid a cautiously optimistic tone in the broader crypto market, where Bitcoin continues to trade above $105,000 and Ethereum consolidates near key resistance levels. As covered in our recent crypto market overview, large-cap stability has created the perfect setup for altcoins to regain traction—with DeFi tokens now leading the charge as investor sentiment improves.

AAVE Price AnalysisIn the long term, the AAVE price seems to be stuck within a rising, expanding channel which is usually considered as bullishThe price has been forming a consecutive higher highs and lows, suggesting the growing strength of the bullsThe CMF has displayed a bearish divergence, while the RSI a bullish divergence which may raise some concernsRising RSI suggests potential upside, while the drop in CMF indicates a weak accumulation. Therefore, the price may surge but for a short while as it lack strong volume supportTherefore, the CMF is required to rebound and remain within a positive range, holding $200 support that could push the levels close to $400. Synthetix (SNX) Price AnalysisAs seen in the above chart, the SNX price triggered a strong breakout but has lost more than 60% of the gains incurred in OctoberAfter a massive pullback in the first few days of the month, the price is consolidating just above the pivotal support range between $0.768 and $0.8. The MACD shows a drop in the selling pressure while the levels are heading for a bullish crossover, hinting for a potential upswingOn the other hand, the CMF has triggered a bullish divergence, hinting towards a notable influx of the buying volumeWith this, the Synthetix price is expected to reclaim $1 and further head towards the crucial resistance between $1.2 and $1.25. Compound (COMP) Price AnalysisThe Compound price is stuck within a descending parallel channel and after facing a rejection from the resistance, a drop to the support could be on the horizonThe RSI is consolidating within the lower bands, suggesting the weakened momentum of the rally Additionally the DMI is also heading towards a bearish crossover while the baseline displays a divergence, indicating possibility of a reboundTherefore, the COMP price is expected to test the support at $31.5 which may act as a base to trigger a strong reboundHowever, the volume remains below the average, which raises concerns over the upcoming price actionConclusion: Can DeFi Sustain the Momentum?Uniswap’s dramatic breakout has undoubtedly reignited optimism across the DeFi ecosystem, but whether this marks the start of a sector-wide rally remains to be seen. AAVE, SNX, and COMP are showing early signs of recovery, backed by rising trading volumes and renewed on-chain activity.  

If Bitcoin maintains strength above key support levels and liquidity keeps rotating toward altcoins, the current DeFi upswing could evolve into a more lasting trend. ny further upside in AAVE, SNX, and COMP could confirm that Uniswap’s spark has indeed reignited the next leg of the DeFi revival.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

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This change gives merchants more freedom to manage digital assets and respond to a rapidly changing economy. Square's update signals not just a technical innovation but a broader shift as more companies and retail businesses embrace cryptocurrency as part of everyday business.

The ‘UNIfication’ plan aims to redirect trading fees to buy and burn UNI, introducing deflationary tokenomics.

Uniswap’s governance token, UNI, jumped more than 35% in 24 hours after founder Hayden Adams unveiled a sweeping governance proposal on November 11, introducing a long-awaited “fee switch” that would redirect a portion of trading fees toward burning UNI tokens.

The move, dubbed “UNIfication,” could reshape Uniswap’s economic model and mark a turning point for decentralized finance protocols seeking sustainable token value.

A New Chapter for Uniswap
For years, a fee switch that would share protocol revenue with UNI holders has been a central topic of debate in the Uniswap community, but it was stalled due to regulatory concerns. Adams stated in an X post that a “hostile regulatory environment” had previously prevented Uniswap Labs from engaging deeply in governance.

The core of the plan, according to Adams, involves turning on protocol fees, which would then be used to buy and permanently destroy, or burn, UNI tokens, creating a deflationary pressure on the cryptocurrency’s supply.

Additional measures include sending fees from the Uniswap-based blockchain, Unichain, to the same burn mechanism and immediately burning 100 million UNI from the project’s treasury. Adams framed this as a move to “align incentives across the Uniswap ecosystem” and position the protocol as the leading global decentralized exchange.

The market response was immediate and forceful. The UNI price moved from around $6.70 to a peak just under $10 per CoinGecko data, with trading volume exploding to over $3 billion. The jump also saw the asset gain at least 74% over the last seven days, outpacing the broader crypto market, which saw only a 6% increase in the same period.

Community and Analyst Outlook
The proposal has also generated lots of discussion and analysis across the crypto community. Market watchers were quick to model the potential impact, with CryptoQuant CEO Ki Young Ju predicting that “Uniswap could go parabolic.”

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Based on past trading volume, he projected the fee mechanism could facilitate around $500 million in annual token burns, arguing that this could create a “supply shock,” especially with a large amount of UNI still held on exchanges.

MegaETH Labs member “BREAD” provided more detailed calculations, which suggested the fee switch could generate roughly $38 million in monthly buybacks, placing UNI ahead of other popular tokens with similar mechanics.

While some traders questioned if the positive news was already reflected in the price, BREAD noted the proposal adds extra value through sequencer fees and a massive one-time treasury burn, suggesting the market may still be processing the full implications.

The sentiment marks a sharp turnaround from earlier in the year. In August, Bitwise CIO Matt Hougan stated that Uniswap was “undervalued” at a time it boasted a $6 billion market cap.

The protocol has also faced challenges, including governance centralization concerns highlighted in an arXiv research paper from October, which found voting power was concentrated among a small group of large holders. However, the new proposal, which includes a contractual agreement ensuring Uniswap Labs’s work is in lockstep with governance interests, appears designed to address such criticisms.

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The long-awaited “altcoin season” might be closer than most expect. While the market isn’t fully there yet, altcoins have shown signs of life with a sharp four-day rally that lifted total capitalization from around $1.4 trillion. 

According to popular trader CryptoELITES, the setup is beginning to resemble the explosive rally of late 2020, a period that triggered altcoin gains of up to 50x.

History Pattern Repeating AgainCryptoELITES believes the market is once again following the same rhythm seen five years ago. Back in August 2020, altcoins began to rise just after key shifts occurred, bond yields fell, the dollar cooled, and gold dipped slightly.

The same pattern is unfolding again in November 2025, with indicators showing early signs of liquidity returning to higher-risk assets.

He highlights that the white trendline, which marked the 2020 breakout, is once again being tested. If this level holds, the setup could confirm the start of a massive uptrend heading into 2026. 

“Even if Bitcoin dominance rises temporarily, this time the rhythm isn’t broken — just delayed.”

His chart also compares altcoin performance against defensive assets such as Bitcoin dominance, gold, the U.S. Dollar Index (DXY), and U.S. 10-year Treasury yields (US10Y), metrics that historically shift right before altcoins rally.

Bitcoin Dominance Begins to DropFor most of the past five months, Bitcoin has dominated the crypto market, attracting nearly all capital inflows. However, recent data suggests that dominance is finally starting to slip.

Bitcoin’s market dominance has dropped 5.13% over the last five months, now holding near 60%. 

Meanwhile, Bitcoin’s price has declined 15% in the past 30 days, signaling a cooling phase as funds begin rotating into altcoins.

Altcoins Eye 50x Rally PotentialCryptoELITES also points to a long-term support trend that has held since 2019, proving that the market’s rhythm remains intact despite several corrections. If this trend continues, the next move could see altcoins surge up to 50x, echoing the historic growth witnessed in 2021.

Currently, the Altcoin Season Index stands at 39 out of 100, still deep within “Bitcoin Season” territory. But that could soon change if CryptoELITES’ analysis plays out.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

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Key NotesDave Weisberger made a video, establishing the difference between Bitcoin and other digital assets like XRP.Fred Rispoli noted that XRP needs to be used by many entities to get more gains.Ripple's $500 million expansion plans and the Senate's move to end the US government shutdown can fuel the XRP price rally.
Fred Rispoli, a pro-crypto lawyer, recently reacted to a post by Dave Weisberger, who tried to establish the difference between Bitcoin

BTC
$105 043

24h volatility:
1.0%

Market cap:
$2.10 T

Vol. 24h:
$69.88 B

and other digital assets, including XRP

XRP
$2.46

24h volatility:
3.1%

Market cap:
$148.08 B

Vol. 24h:
$5.22 B

. Rispoli admitted that the analysis by the Bitcoin advocate was reasonable. At the same time, he suggested that he did not agree with a number of points made.

XRP Needs Higher Mainstream Adoption
In Weisberger’s video, he criticized the massive hype around XRP, comparing its 100 billion token supply to Bitcoin, which has only 21 million maximum cap. The financial analyst described BTC as scarce “sound money” that has use cases globally. In his opinion, XRP is just a utility token that finds relevance only within Ripple’s ecosystem.

Therefore, XRP’s value is derived from transaction volume and fees, while Bitcoin’s is from scarcity.

On this premise, Weisberger is certain that the flagship cryptocurrency will continue to gain traction and appreciation. Fred Rispoli did not attempt to debunk any of the claims made by the analyst, even though he hinted at some discrepancies.

Not an unreasonable analysis at all here, though I quibble with some minor points. The bottom line to me is that $XRP must be used exponentially more than it is now to get the type of gains the Army is hoping for. Ripple is working on that and the pieces are tantalizingly close… https://t.co/YHTXniRk1k

— Fred Rispoli (@freddyriz) November 11, 2025

Instead, he highlighted that XRP needs mainstream adoption across regions. He noted that the coin needs to be used more often to drive the kind of exponential gain that its community looks forward to.

Moreso, he claims that blockchain payment firm Ripple Labs has swung into action on this matter and that the “pieces are tantalizingly close to falling in place for that to happen.”

Catalysts of XRP Price Uptick
Meanwhile, XRP has recorded some uptick in price in the last few days. After struggling to push through $2.30, the coin finally hit $2.53 before retracting to its current level.

At the time of this writing, it was trading at $2.44, corresponding with a 1.39% dip over the last 24 hours. Its 24-hour trading volume is up 29.96% and resting at $6.09 billion.

Analysts have given their short-term price prediction on the coin, anticipating a rally in line with the bullish sentiment in the market.

It is worth noting that this prediction is hinged on a number of events. This includes the end of the longest US government shutdown in history, the revival of ETF momentum, and a $500 million investment for ecosystem expansion.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Cryptocurrency News, News

Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.

Godfrey Benjamin on X

SOL breaks below key $165 level amid selling pressure while broader crypto markets show mixed signals during elevated volume session. Nov 11, 2025, 11:02 a.m.

According to CoinDesk Research's technical analysis data model, solana SOL$163.76 dropped 3.1% to $164.30 during Tuesday's session as the token broke through critical technical support levels.

SOL declined from $169.54 to $164.26 over the 24-hour period ending November 11 at 09:00 UTC, establishing a clear downtrend structure with multiple rejection points above $170.

STORY CONTINUES BELOW

The selloff accelerated during Asian trading hours with significant volume accumulation. Trading activity surged 58% above the daily average as SOL tested the crucial $163.85 support zone. The session's $8.06 range represented 4.9% volatility, with the most significant volume spike occurring at 06:00 UTC with 1.47 million shares traded.

SOL underperformed the broader crypto market by 1.42% relative to the CoinDesk 5 Index (CD5), signaling targeted selling pressure on the token. Recent 60-minute analysis showed an aggressive upside reversal that quickly collapsed, with SOL spiking from $164.07 to $164.97 before surrendering gains in a sharp selloff to $163.46. This whipsaw action highlighted the fragility of any bullish momentum within the established downtrend.

The technical breakdown occurred without clear fundamental catalysts, suggesting profit-taking and momentum-driven selling dominated price action. Institutional flows remained mixed as overnight accumulation patterns conflicted with daytime distribution activity.

Technical breakdown vs support defenseWith SOL having breached the $165 psychological level while volume patterns showed elevated selling interest, near-term price action centers on whether the $163.50 zone can hold as demand emerges. The downtrend structure remains intact with lower highs at $170.48 and $171.92 providing overhead resistance.

Momentum indicators deteriorated through the session as each rally attempt weakened. Volume analysis revealed selling pressure intensified on retests of highs while bounces attracted minimal buying interest, confirming the bearish bias in the near term.

Key technical levels signal vulnerability for SOLSupport/Resistance: Critical support now tests at $163.50 after the break of $165, while strong resistance remains at $170.50 with multiple failed breakout attempts.

Volume Analysis: Significant volume spike occurred with 1.47 million shares (58% above 24-hour average) during the support breakdown, with selling pressure peaking at 66,399 shares during the 09:16 UTC decline.

Chart Patterns: Established downtrend structure with lower highs at $170.48 and $171.92, followed by technical support failure and momentum deterioration.

Risk/Reward: The $163.50 level represents the next critical test for bulls, with technical indicators suggesting continued downside pressure toward the $160 psychological support zone.

CD5 market analysis: institutional rotation amid range-bound actionCD5 dropped 1.63% from $1851.31 to $1821.19 during the 24-hour period, experiencing elevated volatility with a $52.78 intraday range between $1868.63 and $1816.85, while institutional buying emerged during overnight sessions supporting recovery from $1817 technical support.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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FIL faced heavy selling pressure as volume surged 137% above average during the technical breakdown.

What to know:

FIL slid to $2.34 from $2.61 over 24 hours, establishing a clear downtrendThe breakdown occurred on exceptional volume of 21 million tokens after the cryptocurrency broke support at the $2.50 and $2.40 levels.Read full story

Uniswap's historic fee switch proposal would funnel protocol revenues into UNI token burns while eliminating interface fees, marking a fundamental shift in DeFi tokenomics as regulatory headwinds ease.

Bitcoin ETF inflows and Strategy's BTC acquisitions were the main vehicles fueling Bitcoin's momentum in this year, according to market analysts.

China’s National Computer Virus Emergency Response Center (CVERC) has accused the U.S. government of seizing 127,000 Bitcoins, (BTC) worth roughly $13 billion, originally stolen in a 2020 hack of the LuBian mining pool. 

According to CVERC, the hack was carried out by a “state-level hacking organization,” and the U.S. seizure may have been part of a broader operation involving the same attackers, according to Global Times, a Chinese state-affiliated outlet. 

The stolen coins, linked at the time to Chen Zhi, chairman of Cambodia’s Prince Group, now under U.S. indictment for a large-scale crypto fraud scheme, remained untouched for nearly four years before being quietly moved to new wallets in mid-2024. 

Notably, on October 14, 2025, the U.S. DoJ charged Zhi and announced the seizure of 127,000 Bitcoins linked to him, coins that correspond to those stolen from the LuBian mining pool. 

Chinese authorities provided a full timeline including the initial attack and theft, a dormancy period, attempted recoveries, the eventual activation and transfer of funds, and the final U.S. seizure. This sequence points to an alleged state-level hacking operation, effectively making the incident a case of “thieves falling out.”

U.S. government Bitcoin stash
Meanwhile, Blockchain analysis firm Arkham later identified those wallets as belonging to the U.S. government. Notably, the alleged stolen Bitcoin now represents roughly 38.9% of the total U.S. Bitcoin holdings, which stand at 326,588 BTC valued at $34.34 billion as of press time according to Arkham data. 

U.S. government crypto holdings. Source: Arkham
Notably, the LuBian hack on December 28, 2020, saw over 90% of the pool’s holdings, then controlling about 6% of the global Bitcoin hash rate, stolen due to weak 32-bit key generation. 

The funds remained mostly dormant until mid-2024, when they were transferred to wallets later traced to the U.S. government.

This dispute unfolds against a backdrop of China’s strict stance on cryptocurrencies. In 2021, Chinese authorities banned all crypto transactions and mining operations, citing financial stability concerns, while promoting the development of its central bank digital currency.

The incident also ties into broader U.S.-China economic tensions amid a trade war that is nearing the end with both countries making progress. 

Featured image via Shutterstock 

TL;DR

Uniswap (UNI) jumped 24% in the last 24 hours to trade at $8.66, driven by a governance upgrade proposal focused on enhancing long-term growth and revenue capture.
Trading volume surged 568% to $3.44B, reflecting strong market confidence.
With a $5.45B market cap, analysts believe UNI could target $12 if buying pressure holds above key support levels.

Uniswap delivered a strong performance as UNI reached $8.66 with a $5.45B market cap. The latest price rally aligns with a major governance enhancement proposed by Uniswap Labs and the Uniswap Foundation, seeking to modernize how the protocol evolves, captures value, and rewards participation. Market sentiment improved as the plan outlines a more agile and revenue-aligned model that appeals to investors favoring sustainable token economics in decentralized finance.

Many traders attribute the latest price acceleration to the proposal’s combination of reduced token supply pressure and improved protocol efficiency. At the same time, broader strength in DeFi supported the move, with capital rotating into protocols showing real utility, deep liquidity, and transparent development.

Governance Overhaul Aims At Efficiency And Growth
The proposal introduces a streamlined operating structure in which Uniswap Labs would coordinate key ecosystem initiatives with measurable accountability. It includes a potential fee model linked to protocol usage, alongside a token burn element that could gradually reduce UNI’s circulating supply. Supporters argue that this makes UNI more attractive for long-term holding rather than short-term speculation.

A dedicated growth budget is also under review to support innovation, integrations, and developer incentives. Market observers view this as a strategic move to accelerate expansion across multiple networks and strengthen Uniswap’s position as a leader in on-chain trading.

Market Reaction And Analyst Projections
Following the announcement, UNI’s trading volume soared 568% to $3.44B over 24 hours. The price attempted to break above the $9 mark before cooling slightly. Technical analysts suggest that if UNI holds above $8.50, a push toward $10 and eventually $12 remains feasible. Some chart analysts highlight $12 as the next major target, especially if the governance update earns community approval and market conditions remain supportive.

DeFi supporters view this upgrade as a signal of increasing institutional maturity in the sector. If executed successfully, Uniswap could become a reference model for combining decentralization with efficient management. Investors now await the upcoming governance vote, which could determine whether UNI’s strong rally transitions into a sustained growth phase heading into the next quarter.

Bitcoin held around $105,000 and ether near $3,550 as traders weighed whether the recent recovery has the strength to break higher or risks forming a lower high. Nov 11, 2025, 11:30 a.m.

Crypto market consolidates (Greens and Blues/Shutterstock modified by CoinDesk)

What to know: A drop below $98,000 would confirm a bearish shift for bitcoin, while a move above the Nov. 2 high of $111,000 could trigger a bullish reversal.UNI jumped more than 20% after a token burn proposal but later cooled, while the newly introduced Canton Network (CC) token plunged 33% despite backing from major banks.Dollar strength continues to pressure crypto, with the DXY index rising from 96.2 to 99.58 as the Federal Reserve remains unclear on future rate cuts.The crypto market consolidated on Tuesday with bitcoin BTC$105,320.13 and ether ETH$3,579.82 trading at $105,000 and $3,550, respectively.

Traders are keeping an eye on whether prices to see if they form a lower high, signaling a downtrend, or continue to rally.

STORY CONTINUES BELOW

A drop below $98,000 for bitcoin would confirm the bearish scenario, while a move above the Nov. 2 high of $111,000 would present a bullish outlook.

Recent volatility in the crypto market has been driven by dollar strength, with the DXY index rallying from 96.2 on Sep. 18 to 99.58 as indecisive comments from the Federal Reserve provide little guidance in terms of cutting U.S. interest rates.

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After years of development challenges and regulatory obstacles, Adams says it is time for Uniswap to “turn on protocol fees” and align incentives across the ecosystem. His proposal aims to evolve Uniswap into a powerful, self-sustaining network built for the next decade of decentralized finance.

Cover image via U.Today

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The rally of XRP just crashed headlong into supply. The price failed at about $2.40-$2.50, just below a confluence of moving averages and previous breakdown levels, following a strong rebound off sub-$2.20. The 100/200-EMA was still overhead and sloping down when the rejection occurred, precisely where the 26-EMA/50-EMA cluster descends. Every bounce dies into the MA stack in this traditional bear-market architecture.

Bears catch upA rising wedge from the late-October low can be seen when you zoom in, and the lows are higher, but the momentum is diminishing and the volume is muted. Now that the wedge has kissed resistance and rolled back to the base of the move, it usually resolves lower. RSI in the low-50s did not break the trend, as there was neither a bullish divergence nor a follow-through.

XRP/USDT Chart by TradingViewImportant levels: bulls need to recover $2.58-$2.65 (MA cluster and previous support turned resistance). The real test is above that, between $2.80 and $2.85 (200-EMA zone), if you can clear it on volume, you can think about a trend repair. If you do not, the market will interpret this as a bearish retest. 

HOT Stories

What's next?The first support on the downside is between $2.32 and $2.28; if you lose it, the door opens to $2.20, followed by $2.05 and $2.00, where the final capitulation is anchored.

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The volume profile is not favorable to bulls, and the sell candles near resistance expanded, indicating active supply, while the bounce printed respectable but not dominant participation. This is a countertrend rally rather than a reversal, until XRP sets a higher high and lower low above $2.65.

The tactical lesson is that risk should be limited in this situation. If you are bullish, you want an MA flatten or flip and acceptance above $2.65; if not, you should anticipate grind and fade. The grim pattern manifests as another leg down to test the October base if the price closes back inside the wedge body and momentum falls beneath RSI 45.

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Bitcoin price has shown signs of consolidation recently, hovering around the $105k, eyeing a potential bullish trend. Despite a 1.45% decline in the overall crypto market over the past 24 hours, Bitcoin remains in focus. This follows a 5.86% drop over the past month, though a price resurgence was seen just the day before. Investors are hopeful, especially with the release of the Crypto market structure bill draft, which could impact market direction.

Meanwhile, the interest in the crypto sector has the potential to be increased by the fact that the U.S. Senate has approved a funding bill that would prevent a government shutdown, which has increased optimism. On the other hand, the other cryptocurrencies, such as Ethereum (ETH), Solana (SOL), Dogecoin, Shiba Inu, and Cardano, are largely trading in a sideways trend.

Crypto Market Overhaul: Senate’s Draft Bill Released Today
The long-awaited draft of the crypto market structure bill draft has been issued by the U.S. Senate Agriculture Committee. This legislation will revolutionize the regulation of cryptocurrencies, especially Bitcoin, in the U.S, and this is meant to create more transparent regulations towards the market.

The draft bill, which is led by Chairman John Boozman (R-AR) and Ranking Member Cory Booker (D-NJ), seeks to subject digital commodities, including Bitcoin, to the regulation of the Commodity Futures Trading Commission (CFTC). The Securities and Exchange Commission (SEC) will, on the contrary, regulate digital assets that are viewed as securities.

The suggested amendments to the Commodity Exchange Act will help provide a greater level of transparency and regulatory predictability to the digital asset markets. It is believed that this change will open up the way to more systematic and safer crypto trading. Legislators have high hopes that the bill will be enacted before the year ends, which would mark a significant shift in the policy towards cryptocurrencies.

🚨HUGE: 🇺🇸Senate commitee has finally released the long-awaited DRAFT of the crypto market structure bill.

The bill, set to overhaul how #Bitcoin & crypto are regulated, is expected to PASS by year-end. pic.twitter.com/scVzfq4Rld

— Coin Bureau (@coinbureau) November 11, 2025

Is Bitcoin Price Heading for $110,000?
The BTC price traded at $105,086, making a slight decrease of 0.29%. The cryptocurrency has been fluctuating around significant price levels, including a resistance at $107,500 and a strong support zone at $105k.

The Chaikin Money Flow (CMF) indicator stands at the current level of 0.11 and is indicating a medium level of buying pressure, but not extreme buying pressure.

The MACD (Moving Average Convergence Divergence) is still at a positive spot, whereby the MACD line is above the signal line. This implies the possibility of an additional increase.

The price of Bitcoin might experience resistance at around the $107,500 mark, which has served as a psychological barrier. Any breakout higher than this may be a gateway to the next target of the Bitcoin price to the $110,000 mark, since the detailed Bitcoin price analysis remains optimistic.

Source: BTC/USD 4-hour price chart: Tradingview
On the negative side, the $102,000 support level is a critical one because a failure to hold below the price indicates additional weakness.

To sum up, the release of the draft of the Crypto market structure bill and the activities of the U.S. government to avoid the shutdown may benefit the crypto market positively. It has been anticipated that with more open rules and fresh hopes, the future of Bitcoin will record vast improvement in the coming days.

The crypto sector has slowed down lately.

Despite enjoying many catalysts this year and a strong run following Donald Trump's presidential election win last year, many cryptocurrencies have been in a slump recently and seen their prices decline significantly. XRP (XRP 2.53%), the third-largest cryptocurrency in the world, is now down 30% from its 52-week high year (as of Nov. 10), while Dogecoin (DOGE 3.25%), the original meme token, is down about 62% from its post-election peak.

However, many investors are still bullish on these two coins and have high hopes for both. Which is more likely to be a millionaire-maker?

Image source: Getty Images.

Dogecoin: A meme coin perhaps searching for more
Dogecoin is one of the oldest cryptocurrencies, having launched as a joke with a Shiba Inu dog mascot in 2013. But close to 12 years later, Dogecoin is still a top 10 cryptocurrency by market cap. Dogecoin is where it is today because of a fervent community on social media and the ability to go viral. The coin and its network currently do not have much real-world utility.

Rather, Dogecoin tends to trade with the broader crypto market, which is heavily affected by macroeconomic factors and monetary policy. But after a crypto-filled year, investors may be looking for new catalysts. The regulatory climate is now much friendlier for cryptocurrencies, there are spot Dogecoin exchange-traded funds (ETFs), and investors now expect fewer interest rate cuts from the Federal Reserve than they did earlier this year, so sentiment is not as risk-on as it once was.

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Earlier this year, however, media outlets reported that the team behind the MyDoge Dogecoin crypto wallets had raised funding to reportedly build a Layer-2 blockchain solution, which would essentially create a layer for Dogecoin transactions off the coin's main network, easing congestion without heavily increasing fees. The network would also supposedly incorporate smart-contract functionality so developers could build decentralized applications such as games.

If implemented, I would view this as a big plus for the network, which could potentially drum up a lot of activity due to its strong community. And that could drive up demand for Dogecoin tokens as well.

XRP: Huge payment potential
XRP runs on a strong network with the potential to process 1,500 transactions per second (TPS), making it ideal for international payments. Ripple, the company behind XRP, offers yet another reason for investors to be excited, as the company is building a strong bridge between the crypto community and the mainstream financial world.

Ripple has already built solutions that banks, fintech companies, and payment service providers can use to send instant payments, custody digital assets, and use stablecoins. Ripple also has a multi-asset prime brokerage, which many brokerages and institutional investors may find useful.

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Recently, the company announced a new partnership with Mastercard and WebBank to investigate the potential use of Ripple's stablecoin, RLUSD, on XRP's network for the settlement of dollar transactions through stablecoins. The hope is that RLUSD can conduct blockchain settlements between Mastercard and WebBank to make open-loop stablecoin payments mainstream.

While RLUSD is a different coin, XRP can be viewed as a bridge currency for RLUSD, and the transactions would happen on the XRP network. The more real-world payment cases there are for XRP's network, the more XRP's price should benefit.

More likely to be a millionaire-maker
Cryptocurrencies are tough to value because they don't generate free cash flow or earnings in a traditional sense like publicly traded stocks. I think the best thing investors can do when evaluating cryptocurrencies is to look for those on strong networks and with strong real-world utility. Using this criterion, there is no doubt in my mind that XRP is more likely to be a millionaire-maker than Dogecoin. The support from Ripple and its growing ecosystem is also another advantage that most tokens don't have.

Just remember, all cryptocurrencies are inherently risky and can suffer significant sell-offs in crypto bear markets. That's why I would still keep most crypto positions smaller and more speculative right now. They could certainly pay off big, but there's still a lot we don't know about the sector.

According to Bloomberg Intelligence’s Mike McGlone, Bitcoin has entered a “do-or-die” phase as traders watch a narrow price band for signs of direction. From an Oct. 6 level of $123,500, the coin tumbled almost 20% to a low of $99,900 on Nov. 4 before recovering to about $106,350. Reports show the move left Bitcoin roughly 14% below its earlier October peak.

Make Or Break Zone For Bitcoin
Based on trend lines and monthly charts, McGlone points to a rollover pattern after the months-long climb that culminated in an Oct. 6 high marked on some charts at $126,270. The immediate technical test is the 200-day moving average, which sits near $110,000.

Bitcoin Do or Die: $110,000-$100,000

Bitcoin’s rolling-over pattern on monthly charts might signal the opposite of gold’s bull flag to August. The crypto has dropped below its 200-day moving average at $110,000 to Nov. 7 — a key hurdle to signal recovery.

Full report on the… pic.twitter.com/n4MMZfhuL3

— Mike McGlone (@mikemcglone11) November 10, 2025

According to his view, Bitcoin needs to push back above that level to make a clear case for renewed upside. If it can’t, the risk is that sellers regain control and prices slip further below the current band between $100,000 and $110,000.

Resistance And Momentum Signals
Reports have highlighted other warning signs. Long upper wicks have appeared on recent candles, a sign that buyers were checked near the top. The 12-month simple moving average has started to flatten after a steady climb, suggesting the buying drive is slowing.

Trader and analyst Michaël van de Poppe has pointed to strong resistance in the $108,000–$110,000 zone. According to him, breaking through that range could open the door back to the highs, and if that happens, altcoins may run harder than Bitcoin.

Institutional Moves And Market Mood
Institutional buyers remain active. Michael Saylor’s firm purchased 487 BTC worth close to $50 million today, bringing reported holdings to 641,692 BTC. At the same time, exchange-traded funds saw outflows totaling $1.22 billion last week.

Market sentiment has nudged up: CoinMarketCap’s Fear and Greed Index rose to 29 from 24, and Bitcoin is up about 3.6% in the past 24 hours after lawmakers advanced a US government shutdown deal.

BTCUSD now trading at $105,322. Chart: TradingView
Traders are pricing event-contract probabilities that place a 28% chance Bitcoin reaches $130,000 or higher this year and a 9% chance it tops $150,000.

Short-Term Triggers Could Tip The Scale
Near-term catalysts are in play. US President Donald Trump’s mention of a possible $2,000 tariff “dividend” and progress toward ending the shutdown appear to have helped the recent bounce.

Timothy Misir, head of research at Blockhead Research Network, said the market has cleaner positioning and could see a constructive November if fiscal clarity and ETF flows stabilize.

He also warned about risks: continued ETF outflows, delivery delays on fiscal measures, and rising market leverage could reverse the recovery.

What To Watch Next
For now, Bitcoin sits in a tight trading range. Reclaiming $110,000 would be read as a positive signal and might restore buying confidence. Falling below $100,000 would likely trigger deeper losses, according to the technical picture analysts cite.

Traders and institutions will watch price action around those levels closely — and those moves will shape whether this moment is remembered as a short pause or a major turning point.

Featured image from The Conversation/Landmark Media/Alamy, chart from TradingView

Bitcoin's largest holders have been cashing out billions and steering market momentum downwards, dragging down bulls' efforts to push the coin back up to $110K.

Bitcoin

Strive, the Bitcoin-focused asset manager founded by Vivek Ramaswamy, has made a bold leap into the ranks of top global Bitcoin holders.

The company revealed it acquired $162 million worth of BTC shortly after its Nasdaq-listed SATA preferred stock drew heavy investor demand.

A Major Step in Corporate Bitcoin Adoption
According to the firm’s announcement, Strive added 1,567 BTC at an average price of around $103,000, lifting its total holdings to 7,525 BTC. This milestone pushes Strive past Galaxy Digital and just below GD Culture Group in the global Bitcoin treasury rankings, based on data from BitcoinTreasuries.net.

The purchase follows the successful debut of Strive’s SATA shares on Nasdaq, which were oversubscribed during their public offering. The capital raised from the IPO has fueled the firm’s rapid expansion, marking one of the fastest ascents in corporate Bitcoin finance this year.

Strive updates:

1. SATA listed on Nasdaq following oversubscribed & upsized IPO.

2. Strive acquired 1,567 BTC for ~$162M at ~$103,315 per Bitcoin. As of 11/10/25, we hodl 7,525 Bitcoin.

3. New $ASST & $SATA investor presentation released.

4. $SATA dividends expected to be ROC…

— Strive (@strive) November 10, 2025

A New Financing Model for Bitcoin Treasuries
Strive’s leadership described the IPO as a “defining moment” for Bitcoin-backed corporate strategy. The firm used proceeds from the SATA offering to build its treasury without issuing new common stock—a model it calls the “Bitcoin amplification toggle.”

READ MORE: Senate Strikes Breakthrough Deal to End Historic U.S. Shutdown

This structure enables Strive to expand Bitcoin exposure through perpetual preferred equity, allowing long-term accumulation without diluting shareholders. CEO Matt Cole said the approach sets a new benchmark for efficiency in Bitcoin-based corporate finance.

Yield Strategy Anchored to Bitcoin
SATA shares come with a 12% variable dividend categorized as Return of Capital (ROC), which could provide tax advantages to investors. The company plans to adjust payouts to keep SATA trading between $95 and $105, maintaining a disciplined yield strategy linked to Bitcoin’s performance.

Chief Investment Officer Ben Werkman called the product a “hybrid between fixed income and Bitcoin liquidity,” while Chief Risk Officer Jeff Walton highlighted BTC’s transparency and deep markets as ideal for managing yield-focused instruments.

Strive’s Position in the Growing Institutional Race
Strive’s aggressive treasury expansion mirrors a broader institutional embrace of Bitcoin. Firms like Tesla, Trump Media, and CleanSpark have increased their holdings, while Wall Street giants such as JPMorgan recently invested hundreds of millions into BlackRock’s Bitcoin ETF.

Having gone public just two months ago, Strive’s move into the top 15 global Bitcoin holders underscores both its momentum and the accelerating pace of corporate adoption in the crypto space.

Author

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

Published
10 minutes ago on
November 11, 2025

The Bitcoin (BTC) price appears to be fairly oblivious to the potential impending reopening of the U.S. government, and a stock market that is once more on fire. Ploughing its usual sideways furrow, how much longer can the Bitcoin price stay depressed in the low $100,000s?

Bitcoin sideways chop continues

Source: TradingView

The $BTC price is now in a corrective impulse. That said, the price is generally going sideways. If the bulls can keep this up, when the next upward impulse begins, there will be a greater chance of forming a higher high. 

As can be seen in the 4-hour chart above, the price has broken through the downtrend (faint dotted line) and is now heading sideways. If the small uptrend line is respected there could be some more upside, perhaps as far as the $107,500 horizontal resistance.

Is the bulls fightback now underway?

Source: TradingView

The daily chart view for $BTC illustrates that the price is still below the 200-day simple moving average (red line). Once holding strongly above this it can probably be said that the bulls are in charge again.

The Fibonacci levels (in blue) are taken from the all-time high down to the $99,000 local bottom. They show that the price has reached the first of these levels at $105,000. What the bulls really need to do is to battle through them one by one, aiming to set a higher high at just above the key 0.618 Fibonacci at $115,750.

High time frame indicators close to signalling next bullish wave

Source: TradingView

The weekly chart still looks clearly in favour of the bulls. It is expected that the $BTC price comes down to tag the major trendline once more, giving this line more validity, but actually falling through it is not a likely scenario.

The Stochastic RSI indicators are practically at the bottom now, and they could show a cross-up as early as the beginning of next week. The Relative Strength Index at the bottom of the chart is showing that the indicator line is just above the 44.00 line which has provided support and resistance throughout this and previous bull markets. Such a strong support line is very likely to continue to be so, until the time it confirms a bear market.

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.