{"id":16403,"date":"2025-11-21T19:41:08","date_gmt":"2025-11-21T19:41:08","guid":{"rendered":"https:\/\/bitunikey.com\/news\/crypto-goes-red-btc-eth-xrp-sol-keep-spiraling-but-interest-is-still-high\/"},"modified":"2025-11-21T19:41:13","modified_gmt":"2025-11-21T19:41:13","slug":"crypto-goes-red-btc-eth-xrp-sol-keep-spiraling-but-interest-is-still-high","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/crypto-goes-red-btc-eth-xrp-sol-keep-spiraling-but-interest-is-still-high\/","title":{"rendered":"Crypto goes red: BTC, ETH, XRP, SOL keep spiraling, but interest is still high"},"content":{"rendered":"

<\/p>\n

\n

Bitcoin is currently hovering just above $83,000, amidst a wave of liquidations worth about $2 billion. Heavy outflows from spot ETFs followed, with $903.1 million leaving Bitcoin funds and $261.6 million exiting Ethereum products.<\/p>\n

\n
\n Summary<\/span>\n <\/div>\n
\n
    \n
  • Bitcoin\u2019s realized losses have surged, mirroring the FTX collapse.<\/li>\n
  • Ethereum, Solana, and XRP face high selling volume.<\/li>\n
  • Institutional interest remains, considering the recent launch of an XRP-focused ETF on the NYSE.<\/li>\n<\/ul><\/div>\n<\/div>\n

    <\/p>\n

    Glassnode data shows Bitcoin\u2019s realized losses have surged, similar to levels seen during the FTX collapse, as short-term holders unwind positions.<\/p>\n

    Ethereum is struggling around $2,700, with resistance at $3,200. Solana and Ripple\u2019s XRP both declined below critical support levels with elevated selling volume.<\/p>\n

    Still, institutional interest in crypto products is strong despite broader weakness. An XRP-focused exchange-traded fund debuted this week, recording notable volume on its first day.<\/p>\n

    The Bitwise XRP ETF began trading on the New York Stock Exchange on Nov. 20, offering U.S. investors a way to invest in XRP without directly holding the token. On its first day, the ETF saw 1.14 million shares traded, totaling around $25 million in volume, below initial projections of $90 million due to market pressure.<\/p>\n

    The ETF is physically backed by XRP, held in custody by Coinbase, and aims to reduce manipulation risks by tracking the CME CF XRP-Dollar Reference Rate. <\/p>\n

    To attract early investors, Bitwise is waiving its 0.34% management fee for the first month on the first $500 million in assets. This launch builds on Bitwise\u2019s expansion of its crypto product line, following a similar European XRP exchange-traded product introduced in 2022.<\/p>\n

    Crypto Snapshot<\/strong><\/h2>\n

    Large holders have been reducing positions, signaling caution during market volatility, according to analysts monitoring on-chain data. <\/p>\n

    Market participants are awaiting clearer technical signals to determine the next directional move for the following digital assets \u2014 each had a rough week. <\/p>\n

    \n\n\n\n\n\n\n\n\n\n
    CRYPTOCURRENCY<\/strong><\/td>\nPRICE\u00a0\u00a0<\/strong><\/td>\n7-DAY<\/strong> GAINS +\/-<\/strong><\/td>\n<\/tr>\n
    Bitcoin<\/strong> (BTC)<\/td>\n$84,800<\/td>\n-11.6%<\/td>\n<\/tr>\n
    Ethereum<\/strong> (ETH)<\/td>\n$2,700<\/td>\n-12.3%<\/td>\n<\/tr>\n
    Solana<\/strong> (SOL)<\/td>\n$129<\/td>\n -8.3%<\/td>\n<\/tr>\n
    XRP <\/strong>(XRP)<\/td>\n$1.96<\/td>\n -15%<\/td>\n<\/tr>\n
    BNB<\/strong> (BNB)<\/td>\n$827<\/td>\n -10%<\/td>\n<\/tr>\n
    Cardano<\/strong> (ADA)<\/td>\n$0.4131<\/td>\n -19%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n

    <\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

    Bitcoin is currently hovering just above $83,000, amidst a wave of liquidations worth about $2 billion. Heavy outflows from spot ETFs followed, with $903.1 million leaving Bitcoin funds and $261.6…<\/p>\n","protected":false},"author":1,"featured_media":16404,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=16403"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16403\/revisions"}],"predecessor-version":[{"id":16405,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16403\/revisions\/16405"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/16404"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=16403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=16403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=16403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}