Crypto Market Rebounds: BTC and ETH Surge, Decred Leads Altcoin Rally

I. Crypto Market Overview

Key Takeaways

Macro Environment

The US government shutdown is nearing resolution, but delayed economic data has heightened market uncertainty and crypto volatility. Spot gold rose to $4,020/oz as investors seek safe havens, pressuring risk assets. Standard Chartered warns stablecoins could drive $1T in emerging market bank outflows by 2028, boosting DEFI and cross-border crypto use.

Crypto Market

The crypto market rebounded in the past 12 hours, led by BTC up 4.19% to $106,118 and ETH up 7.37% to $3,639.42, driven by renewed ETF inflows and improved risk sentiment. Altcoins outperformed, with Decred surging 44.04%, Pump.fun up 14.47%, and Aerodrome Finance up 14.81%, fueled by governance upgrades, Solana ecosystem activity, and DeFi incentives.

Today's Outlook

Today, LINEA will unlock 50 million tokens (1.82% of supply, ~$29–35M), and HOME will unlock tokens worth $2.62M (4.06% of market value), potentially increasing volatility for these assets and related DeFi sectors.

Fear and Greed Index

80.00% Annual Percentile

24 Fear

Total Crypto Market Cap

$3.58T

4.62%

Total Market Trading Volume

$149.96B

9.35%

Altcoin Season Index

63.64%

Quarterly Percentile

31 / 100

Total Futures Market Open Interest

3.24B

0.10%

Futures

883.94B

3.34%

Perpetuals

II. Industry Updates

Macro-economic Policies

The US government shutdown is nearing resolution, with the Senate reaching a partial deal to restore federal operations. The shutdown has delayed key US economic data releases, increasing market uncertainty and impacting crypto volatility and risk sentiment.

Spot gold prices rose to $4,020 per ounce, reflecting a 0.47% daily gain as investors seek safe-haven assets amid macroeconomic uncertainty. This trend may drive capital outflows from risk assets, including cryptocurrencies, affecting BTC and DeFi liquidity.

Standard Chartered warns that stablecoins could trigger up to $1 trillion in deposit outflows from emerging market banks by 2028, potentially weakening local credit systems. This scenario may increase stablecoin adoption and cross-border DeFi activity.

China has temporarily lifted export restrictions on key chipmaking minerals, easing supply constraints for global tech and semiconductor industries. Improved supply chains may reduce inflationary pressures, indirectly supporting crypto and tech sector sentiment.

The US government holds $20.56 billion in cryptocurrency reserves, including BTC, ETH, SOL, XRP, and ADA, marking a strategic shift toward digital assets as reserve holdings. This move is expected to boost institutional confidence and long-term crypto market stability.

Cryptocurrency Regulatory Trends

The CFTC has confirmed plans to launch leveraged crypto spot trading products on regulated US exchanges next month, signaling increased regulatory oversight and potential for higher market volatility.

Five XRP spot ETFs have been listed on the DTCC website, with launches expected this month, reflecting growing regulatory acceptance and likely boosting institutional investor confidence in XRP.

The US government now holds $20.56 billion in cryptocurrency reserves, marking a significant policy shift that enhances digital asset legitimacy and may influence future regulatory frameworks.

Standard Chartered warns that stablecoins could trigger up to $1 trillion in deposit outflows from emerging market banks by 2028, raising regulatory concerns over financial stability in developing economies.

Pakistan's new Virtual Assets Ordinance 2025 introduces a formal regulatory framework for digital assets, aiming to improve compliance but raising concerns about innovation and clarity for DeFi and startups.

Decred (DCR): Surged 44% in 24h to $33.97 with $99M volume, driven by renewed interest in hybrid PoW/PoS governance and privacy features.

PUMP.fun (PUMP): Jumped 14% in 24h to $0.00427, with $279M trading volume as user activity on the Solana-based launchpad and AMM ecosystem accelerates.

Aerodrome Finance (AERO): Rose 14% in 24h to $1.12, with $86M volume, fueled by increased liquidity incentives and Base network DeFi adoption.

Smart Money Movements

JPMorgan increased its holdings in BlackRock’s iShares Bitcoin Trust by 64% to 5.3 million shares, now valued at $343 million, highlighting growing institutional Bitcoin exposure.

Ethereum’s validator queue exceeded 400,000 ETH, with 1.5 million ETH pending entry and 2.45 million ETH in the exit queue, reflecting a surge in institutional staking activity.

Crypto whales accumulated over 51 million ASTER tokens at around $1.04 each since early November, signaling renewed confidence and potential for a volatility breakout.

Two fresh wallets withdrew a total of 187,500 Chainlink (LINK) tokens, worth approximately $2.9 million at an average price of $15.5, indicating significant accumulation.

British public company Falconedge PLC acquired 15.16 Bitcoin, valued at about £1.2 million, for treasury management, marking its entry into institutional crypto asset strategies.

Events to Watch

Nov 10 (Mon)

Linea (LINEA) will unlock 50 million tokens (1.82% of supply, ~$29–35M); HOME token unlock worth $2.62M (4.06% of market value).

Nov 11 (Tue)

Solayer unlocks 27.02M tokens (9.51% of supply, ~$6.6M); Nereus unlocks $2.60M in NRS tokens (51.13% of market value).

Nov 12 (Wed)

US October CPI data scheduled for release, may be delayed by government shutdown; Hedera mainnet upgrade to v0.67; SEC decision deadline for Grayscale HBAR ETF.

Nov 13 (Thu)

Avalanche (AVAX) unlocks 1.67M tokens (0.33% of supply, ~$28.2M); US October CPI report may be delayed; US PPI data release scheduled.

Nov 14 (Fri)

US October Producer Price Index (PPI) data will be released, providing key inflation insights; Chainbase unlocks $1.11M in C tokens (6.52% of market value).

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