Crypto Market: Shiba Inu’s Comeback, XRP ETF Hope, Bitcoin’s $1.63B Loss!

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Ah, the ever-turbulent cryptosphere, where stability is just a fleeting dream and recovery rallies are but illusions, fleeting as a candle’s flame in the wind. But, here we are, witnessing this market shuffle its feet, as though attempting a dance it has long since forgotten. You see, dear reader, there is a possibility, a faint one at that, that XRP‘s rise-sparked by the ETF craze-could end as abruptly as it began. And let us not forget the eternal struggle of Bitcoin, who lost a mere $1.63 billion… only to rise once more, as if mocking the very concept of loss. Truly, what a spectacle.

Shiba Inu Bails Out, But For How Long?

Lo and behold, the market was ready to write off Shiba Inu (SHIB) as just another meme coin-yet, here it is, performing a miraculous reversal of fortune, attempting to claw its way out of a months-long downtrend. It’s as if the entire coin had a nap, only to wake up, shake its paws, and say, “Enough of this!” When SHIB dropped into the lower $0.0000090 range, most of us expected a drawn-out demise. But, no, it made a swift recovery-faster than most could even grasp. We’re talking about a local floor where sellers ran out of steam faster than a tired marathon runner. In this world of crypto chaos, a rebound like that is as rare as a peaceful night’s sleep in St. Petersburg.

Despite the market’s upward bravado, SHIB is still under the oppressive thumb of its 50-day, 100-day, and 200-day moving averages, which remain resolutely above the price, sloping downward as if shaking their heads in disappointment. It’s not a new trend yet, no matter how much the coin tries to convince us otherwise. Still, despite all this, SHIB refuses to collapse, not crumbling into a slow, painful death, but holding strong and managing to maintain higher lows. A small act of defiance, isn’t it? As for the volume, it’s steady, but not the kind to make your heart race. No panic here, no sudden mass exodus. No, instead, a calm, quiet accumulation seems to be at play, with whales and long-term holders still holding tight to their tokens.

Is this the dawn of a bull market? The foundation may be laid, but to claim victory now would be premature, wouldn’t it? SHIB’s resolve is commendable, but the future is still uncertain. Let’s wait for it to prove itself a little more before we start singing its praises. A move toward $0.0000105-$0.0000110 might be the first real sign of life, if the market lets it breathe.

Will XRP’s ETF Save the Day?

Ah, XRP, the coin that just can’t seem to catch a break. Lower highs, lower lows, a relentless decline through its major moving averages-this coin had been taking a beating for months. But then, enter the ETF craze! Could it be that the outside forces of institutional money and regulatory approvals will save the day? Or, at the very least, break XRP out of its slump, even if only temporarily?

All these ETF filings, from the likes of Franklin Templeton, Bitwise, and Grayscale, are making the market buzz like a beehive in summer. If even one of these issuers passes the review window, XRP might see an uptick that could surpass the mere technical outlook. The narrative of institutional money flooding in has made even the most hardened pessimists pause. XRP, ever the drama queen, is suddenly making a comeback, reclaiming its lost short-term trendline and bouncing aggressively off the $2.30 mark. Resistance is softening, as traders anticipate institutional capital pouring in, and sellers grow hesitant, afraid to disrupt the calm before the storm. Will it be enough? Time will tell, my friends.

Bitcoin’s Open Interest Wiped Out

And now, to Bitcoin, the king of crypto, who lost $1.63 billion in open interest in one fell swoop. A massive flush-out, one would think, a signal that things are about to spiral further into the abyss. But what happened? Nothing! Well, not nothing-Bitcoin bounced back almost immediately. It’s as if the great beast of crypto had just shaken off the dirt and stood up, shrugging its shoulders like, “Was that supposed to hurt?”

Yes, the open interest collapsed, typically a precursor to disaster. But this time, the market didn’t panic. Bitcoin didn’t collapse; it held steady, refusing to be dragged down by the whims of the market. In fact, Bitcoin managed to find stability in the midst of the chaos, creating a higher low and defending the $100,000-$102,000 range. One might almost say it’s starting to rebuild, though cautiously, like a man getting out of a chair after a long nap. The leverage is gone, and the chart now looks as stable as a tightrope walker halfway across the line. Perhaps, just perhaps, Bitcoin is beginning to reassert itself. But don’t hold your breath.

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2025-11-14 03:34