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Bitcoin's traditional November rally stalls as accelerated long-term holder distribution meets muted institutional demand, while Federal Reserve divisions over December rate cuts and depleted liquidity facilities add uncertainty to crypto markets.
The post Forget “Moonvember” — Analysts Say Bitcoin Could Trade Sideways This Month appeared first on Cryptonews.

Funstrat co-founder Tom Lee says Ethereum could be the crypto market’s near-term leader, targeting a move to $12,000 by January on the back of Wall Street’s tokenization push and rising growth expectations for smart-contract platforms. In an interview released Nov. 10 with Tom Nash, Lee emphasized that while Bitcoin remains under-owned, “there’s a bigger move in Ethereum” over the next several weeks as capital reallocates toward the rails that power stablecoins and tokenized assets. Why Ethereum Is Poised To Rally Soon Lee anchored his call to a blend of technical and fundamental drivers. Citing Funstrat’s head of technical strategy, he noted: “Mark Newton […] thinks we can be like $9,000 to $12,000 by January. I think that’s about right. I think Ethereum […] more th...

Breeden said loosening UK stablecoin rules could fuel risky bank outflows, urging stronger safeguards as the Bank of England finalizes its crypto framework.

Canary Capital’s XRP ETF is set to be the first US-based fund to directly hold the token, following the company’s key SEC filing that could see it launch on Thursday.

SoFi CEO Anthony Noto says the bank also plans to introduce a stablecoin called SoFi USD and views blockchain and crypto as a “super cycle technology.”