What Happened in the Crypto Market Today: XRP ETF News, MSTR Stock Drop, Bitcoin Price & Dogecoin Moves

The post What Happened in the Crypto Market Today: XRP ETF News, MSTR Stock Drop, Bitcoin Price & Dogecoin Moves appeared first on Coinpedia Fintech News

Good morning, America!

A fresh week is here, and after last week’s major crypto wipeout, traders are anxiously watching to see if the market can bounce back. 

Let’s quickly catch you up on everything that happened in the crypto market during the Asian trading session today.

So far, the mood is cautiously optimistic. Bitcoin and major altcoin prices are slightly up, sentiment is improving, and even the Fear & Greed Index has moved off the extreme lows, still in Fear, but better than the panic we saw a few days ago.

Crypto Market Today: Bitcoin, Ethereum, and XRP Price Shows Signs of Recovery

Bitcoin is holding steady above $87,000, recovering from its drop toward $80K earlier last week. BTC is currently trading near $87,455, up around 1.5%, and the market cap remains strong at $1.74T. Traders are turning positive again because rate-cut expectations jumped to 75% for December, adding some relief after the brutal sell-off.

Top 10 Crypto Prices Today

TokenPriceBitcoin $ 86,479.11324049Ethereum $ 2,823.08877436XRP $ 2.08798085BNB $ 841.40043956Solana $ 130.06295351Tron $ 0.27692618Dogecoin $ 0.14655000Cardano $ 0.41042598Bitcoin Cash $ 547.66550263Hyperliquid $ 31.30411243

Top Gainers

Canton $ 0.08615802Story IP $ 2.30597459Kaspa $ 0.04066490Aave $ 169.94422397Hedera $ 0.14458958

Top Losers

Starknet $ 2.30597459Dash $ 0.13960977Aerodrome Finance $ 0.66118985Zcash $ 544.32366567MYX Finance $ 2.76517512

Bitcoin Price Analysis (BTC)

BTC is stabilizing after a 30% shakeout. Funding rates turned negative, a sign that leverage has been washed out, while options traders continue to place large bets on 85K–200K year-end calls. 

Arthur Hayes expects some choppiness, with a possible dip into the low $80Ks, but believes $80K will hold.

Some analysts expect a fake-out rally to $88K–$90K, followed by one last flush below $80K, similar to the August–September 2025 pattern, before the real trend resumes.

Ethereum Price Analysis (ETH)

ETH is struggling to reclaim the $2,800–$2,900 zone.If it breaks above, we could see a move toward $3,300–$3,400.But there’s a catch: Sunday pumps are creating CME gaps, and every gap in the past 5 months has been filled within 1–2 weeks. If ETH loses momentum, it could slide toward $2,500.

The market looks healthier than last week, not bullish, but recovering. BTC reclaiming $88K–$90K would be a crucial signal. A dip to $80K still seems possible, but unless macro data surprises badly, the worst of the panic seems behind us.

Top Crypto News Headlines Today 

Here’s what happened in the crypto world today, 

1. Bitcoin Community Calls for JPMorgan Boycott

JPMorgan dumped 25% of its MicroStrategy holdings right before MSCI announced that Bitcoin-heavy companies won’t be added to major indexes. This timing sparked outrage across Crypto X, with many accusing JPMorgan of acting on early information and hurting BTC-related stocks.

2. 21Shares Expands in Nasdaq Stockholm

21Shares added 7 new crypto ETPs in the Nordic market, bringing the total to 17.
This gives European investors more regulated options to invest in AAVE, DOT, LINK, HODL indexes, and more a bullish sign for institutional adoption.’

3. South Korea Prepares Penalties for Major Exchanges

After heavily fining Upbit, Korea’s FIU is now targeting Korbit, Gopax, Bithumb, and Coinone.
Violations are expected to be similar, and penalties could be completed by mid-2025.
Regulatory pressure in Korea is heating up again.

4. Pump.fun Cashed Out Over $436M USDC

On-chain data shows Pump.fun has moved over 436.5M USDC to Kraken since Oct 15.They also sold 4.19M SOL worth $757M during 2024–2025.This huge offloading raised concerns about who’s behind these moves and whether it affects market liquidity.

5. Trump’s DOGE Agency Disbanded

Reuters confirmed that the U.S. government’s “Department of Government Efficiency (DOGE)”—yes, the same one Trump created—has been shut down early.Officials said it “doesn’t exist anymore,” ending months of rumors.

6. UPBIT Plans a U.S. Nasdaq IPO

Korea’s biggest exchange is preparing to go public in the U.S.This could become one of the largest crypto exchange listings outside the U.S. after Coinbase.

7. $566M in Token Unlocks This Week

Several major tokens, including SOL, WLD, TRUMP, DOGE, OP, TAO, and others will unlock over the next 7 days. Expect possible volatility around these assets as new supply hits the market.

8. Grayscale Launches XRP ETF Today

With $35B AUM, Grayscale launching an XRP ETF is the biggest institutional move for XRP yet.Smaller issuers already saw strong inflows — now the market wants to see how the “big player” performs.

9. Bitkub Plans $200M Hong Kong IPO

Thailand’s major exchange Bitkub is shifting focus from its domestic market to Hong Kong, aiming to raise $200M. This positions Hong Kong as Asia’s fastest-growing crypto listing hub.

10. China Quietly Returns to Bitcoin Mining

Despite a 2021 ban, China now contributes 14% of global hashing power again.Miners are building new facilities in Xinjiang and Sichuan due to cheap surplus energy.

11. Digital Asset Funds See Massive Outflows

Crypto investment products saw $1.94B outflows last week, the 3rd-largest since 2018.
BTC took the biggest hit with $1.27B outflows; ETH saw $589M.

If macro data comes in soft and ETF flows remain positive, next week could mark the beginning of a slow but strong recovery phase. But if inflation surprises to the upside or unlocks trigger heavy selling, we might see one more wave of downside before the market stabilizes. Either way, next week feels like a turning point,  the kind that decides whether December becomes a relief rally or another shakeout.