Market Signal Briefing

Bitcoin Slides Below $106K as Cryptos Tumble, Nearing October Crash LowsThe downturn in prices rippled across derivatives markets, liquidating over $1 billion in leveraged trading positions across all digital assets Monday, CoinGlass data showed. Nov 3, 2025, 3:55 p.m.

Cryptocurrencies took another sharp leg lower on Monday, with the bounce from the Oct. 10 crash now having essentially fully reversed.

Already having slipped below $108,000 from above $110,000 overnight, bitcoin BTC$107,661.53 plunged to $105,500 in the early hours of the U.S. trading session, now lower by 4% over the past 24 hours and 8% over the past week.

STORY CONTINUES BELOW

Altcoins bore a bigger brunt. Ether ETH$3,722.54 plunged below $3,600, down 7% over the past 24 hours and 14% over the past week. Other major altcoins like solana SOL$176.58, BNB BNB$1,029.56, DOGE$0.1743 and ADA$0.5791 tumbled 8%-10%.

The downturn in prices rippled across derivatives markets, liquidating over $1 billion in leveraged trading positions across all digital assets Monday, CoinGlass data shows.

Despite bitcoin trading around the $110,000 mark for several weeks now, showing little momentum in either direction, some analysts are sticking to bullish forecasts they made earlier in the year.

Tom Lee, co-founder and CIO of FundStrat Capital and chairman of Ethereum-focused treasury firm Bitmine, said on CNBC Monday morning that he believes bitcoin could still reach as high as $200,000 by year-end. Ethereum, he said, could reach the $7,000 mark before 2026.

His Bitmine Immersion (BMNR), the largest corporate holder of ETH, was down 7.5% amid the crypto sell-off.

"Right now fundamentals are leading prices in crypto," continued Lee, "so eventually we consolidate and then we rally into year-end."

Riding the continued AI boom — with a plethora of new multi-billion dollar deals announced Monday — stocks opened sharply higher, but were giving up gains by mid-morning, with the Nasdaq now ahead just 0.4% and the DJIA lower by 0.5%.

Shares of major crypto firms slid, led by Circle (CRCL), which fell 7%, and Gemini (GEMI), down 6%.

Coinbase (COIN) dropped 4%, while Marathon Digital (MARA) declined by the same amount. Strategy (MSTR) slipped 3%, along with trading platform Robinhood (HOOD) which reports third-quarter earnings this week.

More For You

OwlTing: Stablecoin Infrastructure for the Future

Oct 16, 2025

Stablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent.

View Full Report

More For You

Toncoin Falls as Nasdaq Flags Rule Violation in $273M Purchase by Major Holder

25 minutes ago

Nasdaq reprimanded TON Strategy, a major holder of TON, for failing to obtain shareholder approval before issuing stock to finance a $272.7 million purchase.

What to know:

Toncoin's price dropped over 5% to $2.165, breaking through key support zones amid a surge in trading volume and selling pressure. The sell-off came as Nasdaq reprimanded TON Strategy, a major holder of of the token, for failing to obtain shareholder approval before issuing stock to finance a $272.7 million toncoin purchase.The price action is now driven by technical levels, with support forming near $2.162 and resistance at $2.19 capping upside attempts.Read full story

Strategy added 397 Bitcoin, continuing its relentless accumulation strategy despite market volatility.

The company said it sold $69.5 million in various stock classes to fund the $45.6 million purchase at an average price of $114,771 per BTC.

Summary

Strategy acquired 397 Bitcoin between Oct. 27 and Nov. 2, bringing its total holdings to 641,205 BTC.
The $45.6 million purchase was funded through $69.5 million raised via stock sales across multiple share classes.
The company remains the largest corporate Bitcoin holder, far ahead of Marathon Digital’s 53,250 BTC, despite recent stock declines and valuation pressure.

According to a Nov. 3 Form 8-K filing with the U.S. Securities and Exchange Commission, Strategy Inc. disclosed that it acquired 397 Bitcoin (BTC) between Oct. 27 and Nov. 2, expanding its total holdings to 641,205 BTC.

The Tysons Corner, Virginia-based company noted the purchases were financed through proceeds from a series of at-the-market equity programs that generated $69.5 million across multiple preferred and common stock classes.

Roughly $54.4 million of that came from the sale of MSTR shares, while smaller amounts were raised through the company’s STRF, STRK, and STRD preferred stock issuances.

Strategy deepens bet on ‘digital gold‘
The latest filing shows that Strategy’s 641,205 Bitcoin have been acquired for roughly $47.49 billion at an average cost of $74,057 per coin. That figure captures more than five years of consistent accumulation, starting with the company’s first Bitcoin purchase in August 2020.

The acquisition further cements Strategy’s uncontested position as the dominant corporate holder of bitcoin. Its treasury of 641,205 BTC now dwarfs that of its nearest competitor, Marathon Digital Holdings, which holds 53,250 BTC. This means Strategy’s reserves are over twelve times larger, a gap that continues to widen with each weekly purchase.

The company is not alone in its conviction, as other industry players are also bolstering their balance sheets. Following its own substantial Q3 revenue, Coinbase CEO Brian Armstrong announced the exchange increased its Bitcoin holdings by 2,772 BTC and intends to “keep buying more,” placing it ninth on the list of corporate holders.

Notably, Strategy’s latest purchase follows a significant third-quarter earnings report in which the company posted net income of $2.8 billion, or $8.42 per share. That profit was primarily driven by mark-to-market gains on its existing bitcoin holdings as the price appreciated throughout the quarter.

However, a stark divergence has emerged between the company’s reported earnings and its stock performance. While its Bitcoin treasury grew in value, MSTR shares fell approximately 14% during Q3, with that decline accelerating into October as the stock’s premium over its net asset value compressed sharply.

Whales bet big on Solana as $38M in long liquidations challenge its bullish momentum recovery.

Chainlink price crashed to the lowest level since Oct. 17, mirroring the performance of most cryptocurrencies.

Summary

Chainlink price has formed a bearish pennant pattern.
LINK has also formed a death cross, pointing to more downside. 
The coin may continue falling during the upcoming SmartCon Conference.

Chainlink (LINK), the biggest oracle in the crypto industry, dropped to $16, down by 42% from its highest point this year, as traders focus on the upcoming SmartCon Conference.

SmartCon Conference begins this week
One of the top catalysts for the LINK price this week will be the annual SmartCon Conference, which runs Tuesday and Wednesday. 

SmartCon is a popular event that brings together senior Chainlink executives and representatives from some of the largest financial companies.

According to its website, some of the top companies represented include Swift, DTCC, JPMorgan, Consensys, State Street, TradeWeb, and Robinhood.

The SmartCon event is usually important because of the partnerships and deals that are made. One of these deals was announced on Monday, when FTSE Russell said it will publish its indices onchain via its DataLink service. It also announced a partnership with Brazil’s Central Bank and Hong Kong’s Central Bank.

However, while the event is considered important, the Chainlink price will likely depend on prevailing market conditions, which explains why the sell-off is continuing.

Meanwhile, Nansen data shows that the number of LINK tokens on exchanges has continued to fall this year. They dropped to 233.6 million, down by 12% in the last 30 days. There were over 283 million tokens in exchanges on October 10. 

Chainlink price technical analysis 
LINK price chart | Source: crypto.news
Technical indicators suggest the LINK price has crashed over the past few months. It has plunged from a high of $27.83 in August to the current $16. 

The coin has now formed a death cross, as the 50-day and 200-day Weighted Moving Averages have crossed. A death cross is one of the most bearish technical analysis patterns.

The coin has also formed a bearish pennant pattern. A vertical line and a symmetrical triangle characterize this pattern. It is one of the most bearish continuation patterns.

Chainlink price has remained below the Supertrend indicator and the 61.8% Fibonacci Retracement level. Therefore, the token will likely continue falling, as sellers target the key support at $14.90, its lowest level in October.

On the other hand, a move above the $18 resistance level will invalidate the bearish view. A move below that level will point to more gains in the near term.

During his Squawk Box appearance on December 16, 2022, Jim Cramer said XRP was “destined to be wiped out,” together with Dogecoin (DOGE) and Litecoin (LTC).

The Mad Money host viewed the cryptocurrencies as weak compared to Bitcoin (BTC) and thus not promising in the long run.

“It’s like $80 billion worth of non-Bitcoin that’s really destined to be wiped out. There are still people who conflate blockchain with them,” Cramer said.

"I think you should be negative on #crypto. I'm negative on $XRP, $LTC, and $DOGE because I haven't been able to find anyone that takes them," says @jimcramer. "It's like $80 billion worth of non-Bitcoin that's destined to be wiped out." pic.twitter.com/lrFbjtT0Wn

— Squawk Box (@SquawkCNBC) December 16, 2022

Nearly three years later, however, the token is not only still alive but also enjoying a price Cramer would have found unthinkable back then.

Namely, XRP price has climbed from  $0.35 after the broadcast to $2.41 at the time of writing, November 3, 2025, being nearly 590% in the green.

XRP price. Source: https://www.exchange-rates.org/exchange-rate-history/xrp-usd-2022p
XRP continues to grow
While XRP has certainly grown since Cramer’s false predictions, the AI XRP price prediction outlook is still strengthening as new institutional developments fuel investor enthusiasm. 

Namely, the XRP ecosystem is set for a major expansion in November, with Canary Capital’s XRP ETF expected around November 13–14, followed by a Bitwise product later in the month. Ripple also rolled out Ripple Prime in the U.S. on November 3, offering spot prime brokerage and over-the-counter (OTC) trading services for major digital assets.

From a technical standpoint, XRP price forecast remains capped below key resistance, with a push to $2.90 contingent on clearing $2.70. Moreover, support near $2.40 continues to hold, suggesting limited near-term downside unless broader crypto sentiment weakens. 

Still, not everyone is convinced. Analyst Ali Martinez, for instance, warns of a possible retest of $2.25. Yet historically, November has been one of XRP’s strongest months, with a median 25% gain, lending support to near-term growth.

Featured image via Shutterstock

Defying the Halloween market carnage, TRUMP coin bumps into another hair-raising obstacle.

Changpeng Zhao, the co-founder of Binance, has announced that the GIGGLE memecoin is not an official coin of the Giggle Academy and has denied any knowledge of who launched it. As a result, the price of the Token has tanked up to 30%.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Disclaimer: I am not an investment advisor and this article is not meant to be interpreted as a recommendation to buy or sell the stock of this company. Investors need to review their own investment profile and determine if this stock fits their investment objectives on their own. It is recommended that all the company official documents and press releases be read by an investor before making a buy or sell decision.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In James Hardie To Contact Him Directly To Discuss Their Options

If you suffered losses exceeding $100,000 in James Hardie between May 20, 2025 and August 18, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

, /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against James Hardie Industries plc ("James Hardie" or the "Company") (NYSE: JHX) and reminds investors of the December 23, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

James (Josh) Wilson, Faruqi & Faruqi Senior Partner (PRNewsfoto/Faruqi & Faruqi, LLP)

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that  James Hardie Industries plc misled investors about the strength of its key North America Fiber Cement segment between May 20 and August 18, 2025. Despite knowing by April and early May that distributors were destocking inventory, the company falsely claimed demand remained strong and that stock levels were "normal."

On August 19, 2025, James Hardie issued a press release announcing financial results for its first quarter ended June 30, 2025. Among other items, James Hardie reported a 29% decline in first-quarter profit and projected lower-than-expected fiscal 2026 earnings, citing high borrowing costs.

On this news, James Hardie's American Depositary Receipt ("ADR") price fell $9.79 per ADR, or 34.44%, to close at $18.64 per ADR on August 20, 2025.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. 

Faruqi & Faruqi, LLP also encourages anyone with information regarding James Hardie's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the James Hardie class action, go to www.faruqilaw.com/JHX or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

SOURCE Faruqi & Faruqi, LLP

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In MoonLake To Contact Him Directly To Discuss Their Options

If you suffered losses exceeding $75,000 in MoonLake between March 10, 2024 and September 29, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

, /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against MoonLake Immunotherapeutics ("MoonLake" or the "Company") (NASDAQ: MLTX) and reminds investors of the December 15, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

James (Josh) Wilson, Faruqi & Faruqi Senior Partner (PRNewsfoto/Faruqi & Faruqi, LLP)

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose: (1) that SLK and BIMZELX share the same molecular targets  (the  inflammatory  cytokines  IL-17A  and  IL-17F);  (2)  that  SLK's  distinct  Nanobody structure would not confer a superior clinical benefit over the traditional monoclonal structure of BIMZELX; (3) SLK's distinct Nanobody structure supposed increased tissue penetration would not translate to clinical efficacy; and (4) based on the foregoing, Defendants lacked a reasonable basis for their positive statements regarding SLK's purported superiority to monoclonal antibodies.

On September 28, 2025, MoonLake announced week-16 results from its Phase 3 VELA program. The results showed that SLK failed to demonstrate competitive efficacy relative to BIMZELX.

Following the announcement, MoonLake's stock price plummeted, falling $55.75 per share, or 89.9%, to close at $6.24 on September 29, 2025.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. 

Faruqi & Faruqi, LLP also encourages anyone with information regarding MoonLake's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the MoonLake Immunotherapeutics class action, go to www.faruqilaw.com/MLTX or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

SOURCE Faruqi & Faruqi, LLP

Jim Cramer breaks down why he's keeping an eye on shares of Eaton Corp.

KINGWOOD, Texas--(BUSINESS WIRE)--Fuzzy's Taco Shop is bringing more tacos and good vibes to the Houston area with the grand opening of its second Fuzzy's Tacos and Margs location in Kingwood on Thursday, November 6, 2025. Located at 4360 Kingwood Dr., Kingwood, TX, 77339, the new restaurant continues the evolution of the brand's dine-in experience, featuring tableside service, crave-worthy menu innovations, and a focus on high-quality food and beverages served with the brand's great vibes and.

LOS ANGELES, Nov. 03, 2025 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Quantum Corporation (“Quantum” or “the Company”) (NASDAQ: QMCO) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between November 15, 2024, and August 18, 2025, inclusive (the “Class Period”), are encouraged to contact the firm before November 3, 2025.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Quantum improperly recognized revenue during the fiscal year that ended March 31, 2025. The Company was forced to restate prior financial statements due to this error. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Quantum, investors suffered damages.

Join the case to recover your losses

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE:

The Schall Law Firm

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Baxter To Contact Him Directly To Discuss Their Options

If you suffered losses exceeding $100,000 in Baxter between February 23, 2022 and July 30, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

, /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Baxter International Inc. ("Baxter" or the "Company") (NYSE: BAX) and reminds investors of the December 15, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

James (Josh) Wilson, Faruqi & Faruqi Senior Partner (PRNewsfoto/Faruqi & Faruqi, LLP)

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (a) the Novum LVP suffered systemic defects that caused widespread malfunctions, including underinfusion, overinfusion, and complete non-delivery of fluids, which exposed patients to risks of serious injury or death; (b) Baxter was notified of multiple device malfunctions, injuries, and deaths from these defects; (c) Baxter's attempts to address these defects through customer alerts were inadequate remedial measures, when design flaws persisted and continued to cause serious harm to patients; (d) as a result, there was a heightened risk that customers would be instructed to take existing Novum LVPs out of service and that Baxter would completely pause all new sales of these pumps; and (e) based on the foregoing, Baxter's statements about the safety, efficacy, product rollout, customer feedback and sales prospects of the Novum LVPs were materially false and misleading.

The true extent of Defendants' fraud was revealed on July 31, 2025, when the Company announced that it had decided to "voluntarily and temporarily pause shipments and planned installations of the Novum LVP" and that the Company was "unable to currently commit to an exact timing for resuming shipment and installation for Novum LVPs." On this news, Baxter stock dropped 22.4 percent, closing at $21.76 on July 31, 2025.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. 

Faruqi & Faruqi, LLP also encourages anyone with information regarding Baxter's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Baxter International class action, go to www.faruqilaw.com/BAX or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

SOURCE Faruqi & Faruqi, LLP

The logo of Ford is seen on a 2020 Ford Explorer car at Ford's Chicago Assembly Plant in Chicago, Illinois, U.S. June 24, 2019. REUTERS/Kamil Krzaczynski Purchase Licensing Rights, opens new tab

CompaniesNov 3 (Reuters) - Ford

(F.N), opens new tab on Monday reported a 1.6% rise in U.S. sales in October, as a rise in demand for pickup trucks offset falling electric vehicle volumes.

U.S. President Donald Trump's tax and spending bill ended the $7,500 tax credits for new EV purchases last month, leading to a temporary surge in sales during the third quarter.

Sign up here.

Industry experts had predicted a subsequent drop in EVs sales later this year. Sales of Ford's EVs, such as the Mustang Mach-E and the F-150 Lightning, slipped nearly 25% to 4,709 vehicles in October from a year ago.

But pickup truck sales rose nearly 5% to 105,771 units, helped by demand for Ranger and Maverick models.

Ford, General Motors

(GM.N), opens new tab and Stellantis

(STLAM.MI), opens new tab have rolled back their ambitious plans for EVs in the U.S., pivoting to their gasoline-powered models.

Ford's overall sales in the month rose to 175,584 units, up from 172,756 units a year ago.

Reporting by Nathan Gomes in Bengaluru; Editing by Sahal Muhammed

Our Standards: The Thomson Reuters Trust Principles., opens new tab

AI has avoided bubble status because of immediate infrastructure usage, validating Nvidia‘s (NVDA) valuation. GPUs are fully monetized, unlike the dotcom era's “dark fiber.”

Reddit‘s (RDDT) Q3 earnings showed 68% revenue growth, a 25% user increase, and a 52% rise in ARPU. Much of my skepticism previously focused on Reddit's ad business and user engagement since its IPO.

The United States' Big Three telecom stocks delivered sharply different third-quarter results, highlighting the growing divide between premium growth names and value-oriented incumbents. Subscriber trends, revenue performance, and strategic direction all played a role in shaping market reaction.

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Cytokinetics To Contact Him Directly To Discuss Their Options

If you suffered losses exceeding $75,000 in Cytokinetics between December 27, 2023 and May 6, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

, /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Cytokinetics, Incorporated ("Cytokinetics" or the "Company") (NASDAQ: CYTK) and reminds investors of the November 17, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

James (Josh) Wilson, Faruqi & Faruqi Senior Partner (PRNewsfoto/Faruqi & Faruqi, LLP)

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

According to the complaint, defendants made materially false and misleading statements regarding the timeline for the New Drug Application ("NDA") submission and approval process for aficamten. Specifically, defendants represented that the Company expected approval from the U.S. Food and Drug Administration ("FDA") for its NDA for aficamten in the second half of 2025, based on a September 26, 2025 PDUFA date, and failed to disclose material risks related to the Company's failure to submit a Risk Evaluation and Mitigation Strategy ("REMS") that could delay the regulatory process.

On May 6, 2025, during an earnings call, it was revealed that the Company had multiple pre-NDA meetings with the FDA discussing safety monitoring and risk mitigation but chose to submit the NDA without a REMS, relying on labeling and voluntary education materials. This confirmed defendants' awareness of potential REMS requirements and their reckless decision to omit it from the initial submission, misleading investors about the regulatory timeline.

As a result of defendants' false and misleading statements, class members purchased Cytokinetics' common stock at artificially inflated prices and suffered significant losses when the truth was revealed.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. 

Faruqi & Faruqi, LLP also encourages anyone with information regarding Cytokinetics' conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Cytokinetics, Incorporated class action, go to www.faruqilaw.com/CYTK or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

SOURCE Faruqi & Faruqi, LLP

Can the Bitcoin price recover its momentum after October’s reversal, or will Q4 extend its weakest run since 2022?

Summary

Bitcoin price has tumbled nearly 15% after hitting $126,000 in early October, breaking its winning streak and setting a weak tone for Q4.
Trade tensions between the U.S. and China, a stronger dollar, and slower Fed easing weighed on markets, pulling Bitcoin back near $108,000.
Central banks added liquidity and eased tariffs to calm markets, but the impact was short-lived as investors stayed cautious through early November.
Analysts now see $107,000 as Bitcoin’s key support, warning that a break below could trigger deeper losses in an already fragile Q4.

Bitcoin price breaks the Uptober streak
Bitcoin entered October with confidence, extending a powerful rally that lifted prices to a record high above $126,000 on Oct. 6. What followed was a sharp and sudden pullback.

Within days, prices dropped more than 17 %, reaching about $104,500 between Oct. 10 and 11. The month closed with Bitcoin (BTC) down roughly 3.6 %, marking its first negative October since 2018. As of Nov. 3, it trades near $108,000, around 14.5 % below its monthly peak.

BTC price chart | Source: crypto.news
The decline stemmed from several connected global developments. The U.S.–China trade confrontation intensified after Washington imposed 100 % tariffs and introduced new restrictions on software exports. The move sparked heavy liquidations across crypto markets and dampened investor risk appetite.

At the same time, the Federal Reserve signaled that it may slow the pace of interest rate cuts. That stance strengthened the dollar and increased the appeal of yield-bearing assets, putting additional pressure on Bitcoin, which produces neither interest nor dividends.

Another factor is Bitcoin’s deeper integration with traditional finance. In past cycles, Bitcoin often moved independently of global markets. Today, institutional trading, ETF flows, and broader macro sentiment shape its direction far more than retail activity alone.

As a result, 2025 broke the “Uptober” streak. Bitcoin is down nearly 6 % in Q4 so far, turning what is usually a positive month for crypto into its weakest start since 2022. The question now is what lies ahead as the market moves deeper into November and the rest of Q4.

Trade truce meets tight liquidity
Early November brought what appeared to be relief for global markets. Following a meeting between President Donald Trump and President Xi Jinping in South Korea, both nations reached a broad trade-truce framework that marks a partial de-escalation of the trade war that had intensified earlier this year.

Under the deal, China will begin lifting its export ban on automotive computer chips, including components critical to car production worldwide, addressing a major bottleneck that had disrupted global manufacturing chains.

The two sides also reached consensus on U.S. soybean exports, with China agreeing to purchase 12 million metric tons this season and 25 million tons annually for the next three years.

Additionally, the framework includes cooperation on the supply of rare earth minerals and precursor materials used in the production of the drug fentanyl. 

The U.S. reduced tariffs on Chinese goods from 57 % to 47 %, while China agreed to delay export restrictions on rare earths, gallium, and germanium for one year.

Yet, despite the political optics of progress, China’s manufacturing sector continues to struggle. The country’s October manufacturing PMI stood at 49, extending its contraction streak to seven months and pointing to lingering weaknesses in global demand and production.

In the U.S., the Federal Reserve moved slightly toward monetary easing, cutting its benchmark rate by 25 basis points to a 3.75–4.00 % range at its Oct. 28–29 meeting.

The decision came as unemployment inched up from 4.0 % to 4.3 %, while inflation remained around 3 % year on year. Fed Chair Jerome Powell reiterated that future policy remains data dependent, and markets now expect a 70 % chance for a further rate cut in December.

A parallel move came from the U.S. central bank. The Federal Reserve injected $29.4 billion in liquidity through overnight repo operations, its largest since 2020, on Oct. 31.

Federal Reserve Injects $29.4 billion into U.S. Banks Through Overnight Loans — Largest Since Early 2020

— NewsWire (@NewsWire_US) November 1, 2025

For Bitcoin and the broader crypto markets, greater liquidity, reduced tariffs, and easing trade tensions theoretically create a supportive backdrop, but real recovery depends on whether supply chains and credit conditions stabilize enough to renew investor confidence.

The verdict that could shake Bitcoin
The next major test for global markets, and indirectly for Bitcoin, is set to unfold at the U.S. Supreme Court. On Nov. 5, the Trump administration will face small businesses and several U.S. states that have challenged the legality of tariffs imposed earlier this year under the 1977 International Emergency Economic Powers Act.

The plaintiffs argue that the president exceeded his constitutional authority since the law allows regulation of trade during emergencies but does not explicitly authorize tariffs. The court’s decision is expected sometime between March and June 2026.

The case involves roughly $90 billion in import taxes already collected through September 2025, according to Wells Fargo estimates. However, administration officials warn that this figure could swell to as much as $1 trillion if the court takes until June 2026 to decide and tariffs remain in place throughout that period.

Should the court rule against the administration, those tariffs could be invalidated and refunds ordered, potentially disrupting fiscal balances and triggering volatility in the dollar and equities.

If the decision favors the White House, it would cement the executive branch’s ability to impose or adjust tariffs unilaterally, giving the U.S. president far greater flexibility in trade negotiations.

For Bitcoin and the broader crypto market, this legal showdown presents a complex scenario. The asset, once celebrated for moving independently of traditional markets, now behaves much more like a macro-linked instrument.

Over the past several years, Bitcoin’s correlation with the S&P 500 and the Nasdaq Composite has risen sharply, particularly during periods of policy-driven volatility.

If the Supreme Court outcome disrupts confidence in U.S. trade policy or weakens the dollar, risk assets could see renewed speculative inflows, temporarily supporting crypto prices.

Conversely, a ruling that strengthens executive control and stabilizes the dollar could pressure Bitcoin, as investors move back toward traditional safe assets.

Analyst outlook and Bitcoin’s next move
Market sentiment remains divided on where Bitcoin heads next. Analyst Ted Pillows noted that Bitcoin has now tested its $107,500 support level for the third or fourth time in just two weeks, a pattern often seen before a decisive breakout or breakdown.

$BTC has dumped towards its $107,500 support level.

This is the 3rd or 4th retest in just 2 weeks, which isn't a good sign.

If Bitcoin fails to hold this level, a retest of $100,000 will just be a matter of time. pic.twitter.com/gGxk1nmbgB

— Ted (@TedPillows) November 3, 2025

He warned that failure to hold this range could open the door for a retest of $100,000, which has served as Bitcoin’s psychological and technical base for much of 2025.

The repeated tests suggest that buying strength around $107,000 is weakening, while short-term volatility could rise sharply if that level gives way.

On a more macro level, Plan B, the analyst known for the stock-to-flow model, highlighted that Bitcoin closed October at $109,000, marking six straight months above $100,000. He views this range as solidifying long-term support rather than forming a short-term ceiling.

According to his model, Bitcoin’s realized price currently sits near $56,000, with the 55-day moving average at roughly $55,000. In his view, those levels form a structural floor reminiscent of early bull markets in 2013, 2017, and 2021.

Plan B also noted that the Relative Strength Index stands at 66, signaling a strong uptrend but not yet in the overheated zone that has historically preceded market tops.

Based on his stock-to-flow projections, Bitcoin’s fair value range lies between $250,000 and $1 million, though he acknowledged wide uncertainty around timing and peaks.

The bullish camp believes the absence of FOMO and the steady divergence between realized price and moving average point toward another expansion phase, while the bearish view argues that Bitcoin may have already peaked at $126,000 following the halving cycle.

Overall, Bitcoin’s near-term direction depends heavily on whether the $107,000 to $108,000 zone holds. A breakdown below could trigger a sharper correction, while stability above that level could set up the next leg higher.

For now, markets remain heated, so you should proceed with caution and never invest more than you can afford to lose.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Bitcoin’s (BTC) bullish ‘Uptober’ reputation was shattered this year after the cryptocurrency ended October with a nearly 4% loss, marking its worst October performance since 2014.

Now, according to cryptocurrency analyst and TradingView contributor TradingShot, the weak monthly close may signal the start of a deeper correction, potentially sending Bitcoin toward the $87,000 region in the weeks ahead.

Bitcoin price analysis chart. Source: Finbold
The analyst pointed to a fractal pattern mirroring Bitcoin’s price action between December 2024 and February 2025. During that period, BTC rejected a descending trendline, lost its higher-lows support structure, and ultimately fell roughly 32% from its all-time high. 

The recent move, marked by a rejection at the 1-day 50-day moving average (MA), resistance on a descending highs trendline, and stalling at the 0.5 Fibonacci retracement, closely resembles that earlier setup.

Notably, since mid-August, Bitcoin has made a series of lower highs, with the latest rejection occurring at the same key moving average that capped price rallies during the previous fractal cycle. 

A symmetrical breakdown similar to early 2025 could see Bitcoin slide another 32%, aligning with the 2.0 Fibonacci extension and converging near the weekly 100-day moving average. 

That technical confluence places a target around $87,000, a level the analyst said may act as a critical demand zone if the market follows the same pattern.

Indeed, this warning comes as Bitcoin extended its losses into November, failing to reclaim the $110,000 resistance. The asset has been weighed by concerns over a possible Federal Reserve rate cut in December, which now seems uncertain, leaving investors uneasy. 

At the same time, the market has failed to respond to recent positive news regarding the trade negotiations between the United States and China.

Bitcoin price analysis
As of press time, Bitcoin was trading at $107,632, down nearly 3% in the past 24 hours and 6.6% on the weekly timeframe.

Bitcoin seven-day price chart. Source: Finbold
At the current price, Bitcoin’s 50-day simple moving average (SMA) of $114,139 now acts as overhead resistance, while the 200-day SMA ($105,876) provides immediate support just $1,800 below spot.

Price sits in the classic “bullish continuation” pocket, above the long-term average yet below the medium-term one, suggesting buyers remain in control as long as the 200-day holds.

Meanwhile, the 14-day Relative Strength Index (RSI) at 47.79 is neutral, neither overbought nor oversold. This quiet momentum reading gives the current rally room to accelerate without immediate mean-reversion risk.

Featured image via Shutterstock

Key NotesThe company's total Bitcoin holdings reached 6,412.6 BTC by month-end, surpassing the 6,000 BTC milestone with no plans to sell.Cango will terminate its ADR program on November 14 and list Class A ordinary shares directly on the NYSE starting November 17, 2025.CEO Paul Yu said operational milestones position Cango to capture value from emerging opportunities in energy and AI markets.
Cango Inc. produced 602.6 Bitcoin

BTC
$108 171

24h volatility:
2.1%

Market cap:
$2.16 T

Vol. 24h:
$49.22 B

in October 2025, bringing its total holdings to 6,412.6 BTC by month-end. The company mined an average of 19.44 Bitcoin per day during the month, compared to 20.55 BTC daily in September 2025.

The company announced on Nov. 3 that it holds Bitcoin for the long term and does not currently intend to sell any of its holdings. Cango will terminate its American depositary receipt program on Nov. 14, moving from depositary receipts to direct share trading to eliminate intermediary fees and enhance institutional visibility. 

The company’s Class A ordinary shares are expected to begin trading directly on the New York Stock Exchange on Nov. 17.

Mining Operations and Holdings Strategy
Cango’s average operating hashrate increased to 46.09 exahashes per second in October from 44.85 EH/s in September. The company maintained its deployed hashrate at 50 EH/s, achieving over 90% operational efficiency across its mining facilities in North America, the Middle East, South America, and East Africa.

Strategic Poasitioning for AI Expansion
Paul Yu, Cango’s CEO and director, said the operational and financial milestones put the company in a strong position to capture value from emerging opportunities in energy and AI going forward. The CEO noted the achievements highlight the operational maturity Cango has attained as it nears the one-year mark of its strategic transformation. The company first entered the crypto asset space in November 2024.

Yu stated the planned direct listing reinforces Cango’s commitment to operating as a US-centric organization. The miner joins several peers exploring AI infrastructure opportunities, including Galaxy Digital’s $460M AI pivot to convert mining facilities into data centers.

Cango outlined plans to build a dynamic computing platform that balances Bitcoin mining and AI workloads. The company acquired its first mining facility in Georgia for $19.5 million in August 2025 to develop in-house operational expertise. 

Similar to TeraWulf’s $9.5B AI infrastructure deal with Fluidstack, Cango plans to launch a high-performance computing pilot program in the first half of 2026 focused on AI computing power collaboration. The miner follows other firms like CleanSpark’s expansion into AI data centers as the industry diversifies beyond traditional mining operations.

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

As a Web3 marketing strategist and former CMO of DuckDAO, Zoran Spirkovski translates complex crypto concepts into compelling narratives that drive growth. With a background in crypto journalism, he excels in developing go-to-market strategies for DeFi, L2, and GameFi projects.

Zoran Spirkovski on X

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

The market is bearish on the first day of the week, according to CoinStats.

Top coins by CoinStatsBTC/USDThe rate of Bitcoin (BTC) has declined by 2.8% over the past day.

Image by TradingViewOn the hourly chart, the price of Bitcoin (BTC) might have set local support at $106,746. 

You Might Also Like

If the daily bar closes far from that mark, growth may continue to the $109,000 area soon.

Image by TradingViewOn the longer time frame, the rate of the main crypto is closer to the support than to the resistance level. If the drop continues, traders may expect a level breakout, followed by a move to the $105,000 mark.

Image by TradingViewFrom the midterm point of view, the price of BTC is far from main levels. The volume has declined, which means there are low chances of seeing sharp moves by the end of the week.

Bitcoin is trading at $107,876 at press time.

Bitcoin (BTC) ended the week with a 1.72% decline despite the long-awaited resolution of the US-China tariff conflict. The agreement, which eased months of trade tension between the world's two largest economies, initially sparked optimism across global markets.

Mon, 3/11/2025 - 13:58

XRP faced a brutal hour as over $412,000 in positions were liquidated, creating an abnormal 13,600% imbalance that exposed how overleveraged the crypto market remains.

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

XRP traders just lived through one of those textbook hours that clean entire charts as, according to CoinGlass, over $412,000 in leveraged positions were wiped out, and almost every cent of it came from longs. 

For comparison, short positions barely made a dent with a figure of $3,200, leaving a 13,600% imbalance that tells the whole story about the current state of the crypto market right now.

As always, the triggers are on the price chart of XRP. On the one-minute chart, the dip looked surgical — from $2.425 down to $2.3817 in under an hour, with more than 10 million XRP traded and most of it driven by forced liquidations, not active selling. 

HOT Stories

Source: CoinGlassIt was not panic, it was spot selling pressure on overleveraged futures positions. One could see bids vanish, candles thin out and the range that had been holding good for days finally give way without a fight, which is understandable in current extreme fear conditions.

The structure behind the XRP futures collapse is a usual story this fall — overleveraged longs built up during the calm stretch above $2.40, thinking sell pressure has exhausted. When the wick hit, margin calls did the rest. 

What's next for XRP?This was not bears taking control, just traders paying for greed the same way they did near $1.95 earlier this year — too much size, too little patience, same ending.

You Might Also Like

Now the liquidity sits lower, around $2.38 to $2.36, exactly where the next test should come. Unless new capital shows up to rebuild positions, XRP will likely drift sideways through the afternoon, trying to digest the wreckage left behind by that one brutal hourly candle.

Related articles