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slips as tech jitters overshadow stronger data. steadies post-BoJ minutes and ahead of .
The DAX, along with its European peers, is opening lower, extending losses for a second day. The negative start follows overnight deep declines in the US and Asia, as caution persists across global markets amid concerns about high valuations in AI-related and tech shares.
Valuation fears resurfaced this week on Wall Street after the record-breaking rally this year, driven by AI. However, warnings of a correction by the CEOs of major U.S. banks, Goldman Sachs, and Morgan Stanley, fueled concerns, accelerating the move lower.
Stronger-than-expected German data could help stem the sell-off. German factory orders rose 1.1% month on month in September, recovering from a 0.4% decline in August.
Meanwhile, the shows that activity in the service sector in October was stronger than expected, with output revised from the preliminary reading of 54.5 to 54.6. This marked the fastest growth in the sector in two years, supported by a notable increase in new business and contributing to the first rise in employment in the sector in 3 months. The , considered a good gauge of business activity, was also upwardly revised to 53.9. The level 50 separates expansion from contraction.
On the corporate front, Siemens Healthineer was the largest loser, dropping over 7% after posting Q4 revenue slightly below expectations, pressured by US tariff imports.
BMW is rising despite a decrease in earnings before tax to €2.3 billion, which contributed to a year-to-date figure of €8 billion. Vehicle deliveries rose by 8.7% year on year, with strong growth in Europe and the US.
After running into resistance at 24,635 in early August, the DAX has fallen further, breaking below the 50 SMA at 24,000 and spiking to a low of 23,580, which is the rising trendline support. The long lower wick suggests that there was little demand at the lower levels as dip buyers stepped in.
Buyers would need to rise above 24,000 to be on a more stable footing, bringing 24,400 into focus.
Sellers will need to break below yesterday’s low at 23580 and the rising trendline support. A break below here brings 23,400, the 200 SMA, and horizontal support into play.
USD/JPY is holding steady after yesterday’s losses, when the yen benefited from safe-haven flows amid the risk-off mood in the broader market.
However, today the picture has stabilised, suggesting that yesterday’s risk-off mood was more of a pause for breath rather than a decisive turning point.
Overnight, the minutes from the Bank of Japan meeting showed caution among board members due to the nation’s prolonged experience with deflation. The more dovish stance is limiting any upside in the yen.
While safe-haven plays have supported the yen, the also rose against its major peers yesterday on the same trade.
The US dollar trades at multi-month highs against its major peers, supported by declining bets on near-term Federal Reserve amid deep divisions among Federal Reserve board members.
Investors and policymakers are contending with a record-long government shutdown, which means U.S. economic data is scarce. As a result, more attention than usual will be on the private ADP payrolls later today, which is expected to show 25,000 jobs after -32k last month.
will also be in focus and as expected to rise to 50.8 up from 50 in September. Stronger data could help lift the US dollar, boosting USD/JPY.
USD/JPY trades in a rising channel. The price rose to an 8-month high of 154.50 in late October, hitting the upper bound of the rising channel before easing back to test 153.00, the October 9 high. The bullish trend is still intact. Buyers will look to rise above 154.50 to create a higher high, bringing 155 into focus ahead of 156.75.
Sellers will need to break below 153.00 to open the door to a deeper selloff towards 151.
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Gold (XAU/USD) is trading higher on Wednesday, supported by increasing demand for safe assets, with traders spooked by the sell-off in global equity markets. The precious metal bounced up from Tuesday’s lows in the area of $3,930 to session highs above $3,970 in the early European session, although it remains halfway through the last two weeks’ trading range.
Safe-haven assets remain buoyed on Wednesday following significant declines in the major Wall Street equity indices, which have spread through Asia and Europe. Concerns about an AI bubble resurfaced this week, as the CEOs from some of the US largest banks warned of a significant correction as geopolitical tensions increase.
The precious metal, however, remains trapped within previous ranges, as the hawkish tilt by Federal Reserve (Fed) Chairman Jerome Powell and the wide division among the central bank’s policymakers has prompted investors to reassess their bets for a December rate cut. This is providing support to US Treasury yields and the US Dollar, and keeping Gold’s recovery attempts limited so far.
In the US, the Government shutdown enters its fifth week, on track to become the largest in history, depriving the market and the Fed of key data to decide monetary policy. The release of the ADP Employment Change, thus, is likely to gain particular relevance later today. The market consensus anticipates a 25,000 increase on private payrolls in October, after a 32,000 decline in September, still at levels well below the nearly 150,000 new jobs averaged from 2010 to 2025.
Later on the day, the US ISM Services PMI is expected to show a mild recovery of the sector’s activity, with October’s reading increasing to 50.8 from the 50.0 level in September.
Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
EUR/USD stages a rebound but remains slightly below 1.1500 in the European morning on Wednesday after closing the fifth consecutive day in negative territory and touching its weakest level since early August at 1.1473 on Tuesday. As market focus shifts to high-tier data releases from the US, the pair’s technical outlook shows no signs of a reversal.
The table below shows the percentage change of Euro (EUR) against listed major currencies this week. Euro was the weakest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.34% | 0.67% | -0.40% | 0.72% | 0.86% | 1.26% | 0.62% | |
| EUR | -0.34% | 0.34% | -0.67% | 0.39% | 0.50% | 0.92% | 0.28% | |
| GBP | -0.67% | -0.34% | -1.14% | 0.05% | 0.16% | 0.59% | -0.06% | |
| JPY | 0.40% | 0.67% | 1.14% | 1.10% | 1.24% | 1.65% | 1.15% | |
| CAD | -0.72% | -0.39% | -0.05% | -1.10% | 0.07% | 0.50% | -0.10% | |
| AUD | -0.86% | -0.50% | -0.16% | -1.24% | -0.07% | 0.42% | -0.20% | |
| NZD | -1.26% | -0.92% | -0.59% | -1.65% | -0.50% | -0.42% | -0.64% | |
| CHF | -0.62% | -0.28% | 0.06% | -1.15% | 0.10% | 0.20% | 0.64% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
The risk-averse market atmosphere, as reflected by the sharp decline seen in Wall Street’s main indexes, helped the US Dollar (USD) preserve its strength on Tuesday and caused EUR/USD to continue to push lower.
In the European morning on Wednesday, US stock index futures trade mixed and highlight a cautious market stance, which is likely to cap EUR/USD’s recovery attempts.
In the second half of the day, ADP Employment Change and the Institute for Supply Management’s (ISM) Services Purchasing Managers’ Index (PMI) data for October will be featured in the US economic calendar.
Investors expect employment in the private sector to rise by 25,000 following the 32,000 decline recorded in September. A positive surprise, with a reading of 50,000, or higher, could boost the USD with the immediate reaction and open the door for a leg lower in EUR/USD. On the flip side, investors could lean toward a Fed rate cut in December if the ADP data comes in weaker than forecast. According to the CME FedWatch Tool, markets are currently pricing in about a 70% probability of a 25 basis points (bps) rate cut in December.
Market participants will also pay close attention to the underlying details of the ISM Services PMI report. If the headline PMI comes in above 50, as expected, and there is a noticeable increase in the Employment Index of the survey, the USD is likely to gather strength. Conversely, a disappointing headline PMI print in the contraction territory below 50 and a lack of improvement in the employment component could hurt the USD and help EUR/USD hold its ground.
EUR/USD remains in the lower half of the descending regression channel and the Relative Strength Index (RSI) indicator sits below 40, suggesting that EUR/USD has more room on the downside before turning technically oversold.
Looking south, the first support level could be spotted at 1.1450 (lower limit of the descending channel, static level) before 1.1400 (static level) and 1.1370 (static level). On the upside, resistance levels could be seen at 1.1500 (former support), 1.1550 (static level) and 1.1580 (50-period Simple Moving Average).
The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day.
EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%).
The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy.
The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa.
The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.
Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control.
Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money.
Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency.
A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall.
Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy.
Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period.
If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.
Despite the importance of quality prenatal care, a relatively small percentage of mothers or fathers invest in their health and well-being before becoming pregnant. This cross-sectional study, which included 445 mothers, aimed to investigate the impact or association of various maternal and paternal factors on infant health. This study revealed that around 145 (32.6%) of infants had disease; according to the ICD-10, the most common diseases in descending order were malnutrition, followed by diseases that occurred within the first month after birth, congenital defects, other unspecified conditions, and then chronic respiratory and cardiovascular. This study highlights the importance of socioeconomic factors, healthy parental lifestyle, preconception, antenatal, and antenatal care, in improving infant health outcomes.
The average maternal and paternal ages were 27.72 ± 6.35 and 32.35 ± 7.25 years, respectively. Most mothers were Palestinian (34.8%), Egyptian (26.7%), or Yemeni (15.7%). Residency was predominantly urban (62.7%), while 37.3% lived in rural areas. Income levels varied, with 69% reporting their income as”enough,”16% as”more than enough,”and 23% as”not enough.”These findings align with those of Alfayez et al. [33], who examined Saudi women’s attitudes toward newborn screening programs.
Maternal nationality showed a significant association with infant health, with Palestinian mothers reporting higher rates of poor infant health, potentially reflecting disparities in healthcare access and socioeconomic conditions. Lower income levels were also strongly correlated with adverse child health outcomes [34], as 55.2% of parents covered medical expenses out of pocket. These findings highlight the role of financial stability in infant health and the need for supportive policies.
Parental substance use, including smoking (P = 0.042), cannabis (P = 0.006), and alcohol consumption (P = 0.003), significantly impacted child health. Maternal smoking during pregnancy is a well-documented risk factor for miscarriage, low birth weight, prematurity, and perinatal mortality [35,36,37,38,39], emphasizing the need for public health interventions.
Chronic parental illnesses, such as diabetes and hypertension, were also linked to poorer infant health [45], likely due to their impact on caregiving and overall family well-being [46]. Conversely, factors such as residence, smoking cessation, hookah use, addiction status, immune and neuropsychiatric conditions, and family history of cancer showed no significant association with infant health, possibly due to confounding variables.
A majority of mothers (71.0%) had no prior smoking history, indicating a predominantly non-smoking population. Former smoking was reported by 8.5% of mothers and 16.2% of fathers, with higher cessation rates among fathers. Current smoking showed a pronounced gender disparity, with 1.8% of mothers and 40.2% of fathers actively smoking, consistent with global trends of higher male smoking prevalence, particularly in certain cultural contexts.
Addiction-related issues were minimal, with 96.9% of mothers reporting no substance dependence. Cultural perceptions and question phrasing may have influenced responses, particularly regarding non-substance-related behaviors.
Chronic diseases were reported in 6.7% of mothers and 18.4% of fathers, suggesting potential lifestyle influences on health. Biological, cultural, and socioeconomic factors may contribute to the observed gender disparity. Immune-related conditions, including multiple sclerosis, lupus, and rheumatoid arthritis, were reported by 2.0% of participants, potentially reflecting regional variations in incidence. Neuropsychiatric disorders were also low (2.0%), possibly due to underreporting, lack of diagnosis, or cultural stigma.
A family history of cancer was noted in 7.6% of participants, with maternal history (3.4%) being more prevalent than paternal history (1.1%), suggesting potential hereditary risks. Additionally, 4.0% reported the same type of tumor within their family, while 2.2% had a personal history of tumors. Despite genetic predispositions, 96.0% remained cancer-free, highlighting the potential role of environmental and protective factors in mitigating risk.
The consumption of milk and dairy products was significantly associated with reduced infant disease prevalence (P = 0.014). Dairy products provide essential nutrients, including calcium, vitamin D, and protein, which support fetal bone and nervous system development [42, 43]. However, the study found no significant associations for other dietary groups like cereals, bread, fruits, vegetables, or water intake, indicating that these foods may have a less direct impact on infant health.
The most consumed supplements were in descending order: folic acid (75%), iron (72%), calcium (64%), and vitamin D (53.3%), with no significant associations with the frequency of infant disease. They used these supplements for preventative and medicinal immunological enhancement to promote the health of both infants and mothers. The price, accessibility, and acceptability of dietary supplements may account for the significant variations in usage frequency across different studies [40].
Regarding the consumption of diet or sugar-free beverages containing aspartame, 13.3% of participants reported consuming these drinks, while 71.9% indicated they did not. The limited consumption of aspartame-sweetened beverages suggests a preference for traditional sugary drinks or a shift toward natural sweeteners due to taste preferences, health consciousness, or emerging trends favoring healthier alternatives.
The results suggest that high-risk pregnancies identified by medical professionals are associated with increased child morbidity as Mothers who received a doctor’s warning during pregnancy reported a significantly higher incidence of infant diseases (66.6% vs. 31.6%, P = 0.02). Similarly, folic acid deficiency before or during early pregnancy was significantly associated with child disease (P = 0.003), highlighting the protective role of folic acid in preventing neural tube defects and other congenital abnormalities [32, 42].
A delayed awareness of pregnancy was also linked to higher infant disease risk (16.6%, P = 0.04), possibly due to postponed prenatal care or lifestyle adjustments. Non-prescription drug use during pregnancy was another significant factor (P = 0.008), emphasizing the need for healthcare professionals to educate pregnant women on the safe use of medications. Routine prenatal visits were associated with improved infant health outcomes (P = 0.03), reinforcing the importance of consistent antenatal care in reducing neonatal mortality and promoting maternal and infant health [33, 41, 44].
Pregnancy-related hyperemesis (P = 0.030) and chronic infections (P < 0.00005) were significantly associated with increased infant illness. Hyperemesis can lead to maternal malnutrition and dehydration, affecting fetal development, while chronic infections may involve direct pathogen transmission or immunological responses [45]. Mode of delivery also played a role, with cesarean sections associated with poorer infant health outcomes (P < 0.05), potentially due to complications such as delayed breastfeeding or neonatal respiratory issues.
Admission to neonatal intensive care units (NICUs) was strongly associated with infant disease (P < 0.00002), as premature birth or underlying health conditions often necessitate incubation. Low birth weight, delayed motor development, and impaired social or mental development significantly correlated with child illness, with P -values ranging from 0.00002 to 0.00000001.
Exposure to COVID-19 during pregnancy showed a significant association with higher infant illness frequency (P = 0.05). The results indicate a significant association between SARS-CoV-2 exposure during pregnancy and infant disease (P = 0.05), suggesting that maternal infection during pregnancy may pose risks to infant health. parents who were not vaccinated had a higher prevalence of infant disease (P = 0.02). These findings underscore the relevance of both parental COVID-19 exposure and vaccination status in influencing infant health. Potential mechanisms include maternal inflammation, fever, or vertical transmission of the virus, all of which could impact fetal development. In agreement with other studies [46, 47]. Further research is guaranteed to understand these relationships fully.
This study has many strengths, including a multi-national, targeted, relatively large sample of mothers from four low- to middle-income countries (Egypt, Jordan, Yemen, and Palestine). Researchers are increasingly focusing on identifying maternal risk factors associated with adverse birth outcomes. The impact of paternal factors on birth outcomes has received significantly less attention. This study is one of the few studies to examine the influence of multiple parental factors, including paternal lifestyle factors, SARS-CoV-2 virus exposure, and COVID-19 vaccination on infant health.
Moreover, this study also had many limitations, e.g., the cross-sectional design prevents establishing causality, and reliance on self-reported data introduces recall bias. Mothers reported paternal factors rather than fathers explicitly, which is particularly concerning. One of the limitations is that there are significant variations in the sample size collected from different nationalities; for example, Palestinian mothers constituted the largest group, followed by Egyptian and Yemeni mothers. The variability may be attributed to the flow rate in the selected primary care centers, in addition to the long waiting time that facilitates face-to-face interviews for data collection. Furthermore, the findings may not be generalized beyond the study’s specific cultural and geographical context and include only mothers who meet the specified inclusion and exclusion criteria attending PHCCs. Although we selected investigators or researchers to collect data from their institutions or nearby PHCCs e.g. Ahmed A. Amer, Mohamed SH. Ramadan, Mahmoud T. Hefnawy and Hanaa S. Said from Egypt; Hamza A. Abdul-Hafez from Palestine; Batool Turki Gharaibeh from Jordan; and Muna Ali Mugibel from Yemen. They chose a random sample of mothers who meet the selection criteria from the accessible or nearby PHCCs, but this study cannot be called population based.
The findings of this study emphasize the critical need for integrating comprehensive maternal and paternal health assessments into routine antenatal care. By identifying and addressing modifiable risk factors such as smoking, improper folic acid intake, and chronic infections early in pregnancy, healthcare providers can significantly reduce adverse infant health outcomes. Additionally, the study underscores the importance of prioritizing maternal COVID-19 vaccination as a preventive measure during pregnancy. Clinicians should adopt a holistic approach that includes dietary counseling, stress management support, and guidance on safe medication used to optimize maternal health and, by extension, infant well-being. These insights call for the incorporation of targeted education and screening protocols in clinical settings to mitigate preventable risks and enhance neonatal health outcomes.
The
cryptocurrency market crashed for a second consecutive day today (Wednesday), 5
November 2025, losing over $1 trillion in market capitalization since early
October as Bitcoin, Ethereum, XRP and Dogecoin prices led a broad-based
selloff.
The entire
crypto ecosystem is experiencing dynamic declines with Ethereum at $3,303 (after
-16% two-day crash), Bitcoin testing $100,000 psychological support, and major
altcoins extending losses as institutional investors rotate out of digital
assets.
In this
article, I examine why crypto is going down and conduct a technical analysis of
the BTC/USDT, XRP/USDT, ETH/USDT and DOGE/USDT charts, based on more than 10
years of experience as a cryptocurrency investor and analyst.
Federal
Reserve Chairman Jerome Powell’s hawkish remarks downplaying December rate cuts
created the initial catalyst for crypto’s collapse. The probability of a
December cut collapsed from 96% before Powell’s press conference to just 69.3%
afterward, dampening expectations for looser financial conditions that
typically support cryptocurrency prices.
Source: Coin360
Paul Howard
from Wincent explained the market dynamics: “Cryptocurrency prices
continued to slide and were pushed lower by a lack of positive macro news.
There appears to be a big skew of selling on a major exchange which would back
up the on-chain analysis indicating this is old BTC whale selling pressure.
Dumping billions gradually into the ecosystem over the course of the last few
days is not panic selling.”
The
cryptocurrency collapse coincides with a broader tech selloff. Palantir dropped
8% despite beating earnings on valuation concerns, while Nvidia shed 4% losing
$200 billion in market capitalization. The Nasdaq fell 2% and the S&P 500
declined 1.2%, reflecting growing worries about AI-driven stock valuations.
Institutional
investors pulled $1.15 billion from Bitcoin ETFs last week, led by BlackRock,
ARK Invest, and Fidelity. This exodus signals a significant shift in sentiment
as traditional financial institutions that drove Bitcoin’s rally to $126,000 in
early October are now reducing exposure amid Federal Reserve uncertainty and AI
bubble concerns.
According
to my technical analysis, the price of Ethereum (ETH) has experienced two days
of dynamic declines in a row, losing approximately 16% within 48 hours. For the
chart situation, this is a very large change, and from my technical analysis,
these declines from the first part of the week fully hand power to the bears,
changing the trend currently to downward.
Most
significantly, we went below the 200-day exponential moving average (200 EMA),
simultaneously breaking out of the consolidation range drawn since July, and
also went below the zone of August lows, leaving behind a series of very
important supports which are now resistance.
Why Ethereum price is going down today? Source: Tradingview.com
ETH prices
stopped at this moment at the last line of bullish defense, the 50% Fibonacci
retracement drawn from April lows to the highs. This level falls around $3,175.
If it is broken, Ethereum will continue its decline toward the 61.8% Fibonacci
retracement and the range of local May and June highs between $2,760 and $2,650.
At this
moment, bears have the advantage in the market, so further depreciation cannot
be ruled out either, and the target level or range, according to my forecasts,
is the April minimums at the $2,380 level. This means ETH could fall from
current levels by as much as 60%.
The price
of Bitcoin (BTC), like other major cryptocurrencies discussed by me in this
analysis, has two days of dynamic declines behind it, during which it lost a
total of 8% in value, and prices stopped only at the height of the
psychological $100,000 level last tested in June. Today Bitcoin is trying to
violate this level for the second day in a row.
Bulls are
trying to defend for now. If it is broken, however, it opens the road to a much
stronger downward correction. We will officially exit the consolidation range
drawn from May, and moving below the 200-day exponential moving average (200
EMA) only confirms that now bears are in the lead.
I identify
the first zone of declines around the levels of $92,000 and $94,000, where
Fibonacci extension and retracement levels coincide, with the target zone of
declines around $74,000 and $76,000, the April lows where the 161.8% Fibonacci
extension also falls.
Why Bitcoin price is going down today? Source: Tradingview.com
You can
read more about the potential range of Bitcoin declines in my separate BTC/USDT
chart analysis which I wrote this week.
Joel
Kruger, strategist at LMAX, also provided important context: “A sustained
move under the 50-week could extend the pullback toward the top of the cloud
near $95,000, where we would expect strong support and the formation of a
higher low before the next leg higher to fresh record highs. The key takeaway:
this remains a healthy correction within an ongoing bull market, not a bearish
shift.”
The XRP is
managing best for now compared to other leading cryptocurrencies, maintaining
local support levels and trading still in the $2.20-$2.30 zone coinciding with
July lows.
This
doesn’t change the fact, however, that prices broke out at the beginning of
October from a wedge or triangle formation and are currently consolidating at
lower levels below the 50 and 200 EMA which are very close to drawing a death
cross, a crossover which, according to technical analysis enthusiasts like me,
is a strong sell signal.
If the
current support doesn’t hold, we face a decline below the round $2.00 level,
including toward $1.90, June lows. The next target decline level is $1.61 at
April minimums, and the ultimate level is $1.25, the level last observed in
November 2024 coinciding with intraday lows from October 10 when the market
briefly collapsed, as well as my XRP price decline forecast based on Fibonacci
extensions.
Why XRP price is going down today? Source: Tradingview.com
You can
read more on this topic in this article I wrote earlier.
Although
Dogecoin (DOGE) chart clearly shows it has lost and cut itself off from its
September highs by several cents, in broader terms we actually remain in the
same consolidation drawn since February. Its lower limit, which we are
currently witnessing, falls just above the 14-cent level, while the top is at
just under 29 cents.
The last
hours of declines caused some local supports to turn into resistance, and at
this moment, only the lower limit of the sideways channel last tested in June
stands before us. What’s more significant, however, is we’re moving below the
50 and 200 MA which have already formed a death cross formation, the very
strong sell signal mentioned earlier by me.
If the
current support doesn’t hold and we exit this consolidation, Dogecoin could
pave the road to stronger declines and a retest of levels last observed in
August 2024 below the 8-cent level.
Why Dogecoin price is going down today? Source: Tradingview.com
Cryptocurrency
market lost over $1 trillion since October 6 peak with Bitcoin breaking
$100,000 for first time since June (-5% daily to $100,893), Ethereum crashing
-16% over 48 hours to $3,303, triggered by Federal Reserve Powell walking back
December cuts (probability 96% to 69.3%), AI bubble concerns spreading from
tech selloff (Nasdaq -2%, Nvidia -4%), institutional exodus (Bitcoin ETF
outflows $1.15B) and. leverage cascade ($1.78B liquidations affecting 441,867
traders).
Yes, it may.
According to my technical analysis, Bitcoin breaking $100,000 opens path to
first target $92,000-$94,000 (Fibonacci extension/retracement zone coinciding
with April-May lows), ultimate target $74,000-$76,000 (April minimums + 161.8%
Fibonacci extension).
According
to my analysis, Ethereum down -16% over 48 hours breaking below 200-day EMA and
consolidation range from July, bears now in control with potential 60% decline
to $2,380 April lows if 50% Fibonacci support $3,175 breaks, XRP death cross
forming between 50/200 MA at $2.30 support, Dogecoin death cross completed
testing channel bottom 14 cents, altcoins exhibiting 1.5-2x Bitcoin beta
amplification typical during market weakness.
In my
opnion, yes. Bears warning Peter Schiff “losses staggering surpassing
dot-com bubble,” CredibleCrypto “most severe bear market in Bitcoin’s
history,” $1 trillion market cap loss, institutional exodus $1.15B ETF
outflows, 2018 parallel (October weak, November brutal preceded -37% crash).
Before you go, please also check my previous (and more bullish) crypto price predictions:
The
cryptocurrency market crashed for a second consecutive day today (Wednesday), 5
November 2025, losing over $1 trillion in market capitalization since early
October as Bitcoin, Ethereum, XRP and Dogecoin prices led a broad-based
selloff.
The entire
crypto ecosystem is experiencing dynamic declines with Ethereum at $3,303 (after
-16% two-day crash), Bitcoin testing $100,000 psychological support, and major
altcoins extending losses as institutional investors rotate out of digital
assets.
In this
article, I examine why crypto is going down and conduct a technical analysis of
the BTC/USDT, XRP/USDT, ETH/USDT and DOGE/USDT charts, based on more than 10
years of experience as a cryptocurrency investor and analyst.
Federal
Reserve Chairman Jerome Powell’s hawkish remarks downplaying December rate cuts
created the initial catalyst for crypto’s collapse. The probability of a
December cut collapsed from 96% before Powell’s press conference to just 69.3%
afterward, dampening expectations for looser financial conditions that
typically support cryptocurrency prices.
Source: Coin360
Paul Howard
from Wincent explained the market dynamics: “Cryptocurrency prices
continued to slide and were pushed lower by a lack of positive macro news.
There appears to be a big skew of selling on a major exchange which would back
up the on-chain analysis indicating this is old BTC whale selling pressure.
Dumping billions gradually into the ecosystem over the course of the last few
days is not panic selling.”
The
cryptocurrency collapse coincides with a broader tech selloff. Palantir dropped
8% despite beating earnings on valuation concerns, while Nvidia shed 4% losing
$200 billion in market capitalization. The Nasdaq fell 2% and the S&P 500
declined 1.2%, reflecting growing worries about AI-driven stock valuations.
Institutional
investors pulled $1.15 billion from Bitcoin ETFs last week, led by BlackRock,
ARK Invest, and Fidelity. This exodus signals a significant shift in sentiment
as traditional financial institutions that drove Bitcoin’s rally to $126,000 in
early October are now reducing exposure amid Federal Reserve uncertainty and AI
bubble concerns.
According
to my technical analysis, the price of Ethereum (ETH) has experienced two days
of dynamic declines in a row, losing approximately 16% within 48 hours. For the
chart situation, this is a very large change, and from my technical analysis,
these declines from the first part of the week fully hand power to the bears,
changing the trend currently to downward.
Most
significantly, we went below the 200-day exponential moving average (200 EMA),
simultaneously breaking out of the consolidation range drawn since July, and
also went below the zone of August lows, leaving behind a series of very
important supports which are now resistance.
Why Ethereum price is going down today? Source: Tradingview.com
ETH prices
stopped at this moment at the last line of bullish defense, the 50% Fibonacci
retracement drawn from April lows to the highs. This level falls around $3,175.
If it is broken, Ethereum will continue its decline toward the 61.8% Fibonacci
retracement and the range of local May and June highs between $2,760 and $2,650.
At this
moment, bears have the advantage in the market, so further depreciation cannot
be ruled out either, and the target level or range, according to my forecasts,
is the April minimums at the $2,380 level. This means ETH could fall from
current levels by as much as 60%.
The price
of Bitcoin (BTC), like other major cryptocurrencies discussed by me in this
analysis, has two days of dynamic declines behind it, during which it lost a
total of 8% in value, and prices stopped only at the height of the
psychological $100,000 level last tested in June. Today Bitcoin is trying to
violate this level for the second day in a row.
Bulls are
trying to defend for now. If it is broken, however, it opens the road to a much
stronger downward correction. We will officially exit the consolidation range
drawn from May, and moving below the 200-day exponential moving average (200
EMA) only confirms that now bears are in the lead.
I identify
the first zone of declines around the levels of $92,000 and $94,000, where
Fibonacci extension and retracement levels coincide, with the target zone of
declines around $74,000 and $76,000, the April lows where the 161.8% Fibonacci
extension also falls.
Why Bitcoin price is going down today? Source: Tradingview.com
You can
read more about the potential range of Bitcoin declines in my separate BTC/USDT
chart analysis which I wrote this week.
Joel
Kruger, strategist at LMAX, also provided important context: “A sustained
move under the 50-week could extend the pullback toward the top of the cloud
near $95,000, where we would expect strong support and the formation of a
higher low before the next leg higher to fresh record highs. The key takeaway:
this remains a healthy correction within an ongoing bull market, not a bearish
shift.”
The XRP is
managing best for now compared to other leading cryptocurrencies, maintaining
local support levels and trading still in the $2.20-$2.30 zone coinciding with
July lows.
This
doesn’t change the fact, however, that prices broke out at the beginning of
October from a wedge or triangle formation and are currently consolidating at
lower levels below the 50 and 200 EMA which are very close to drawing a death
cross, a crossover which, according to technical analysis enthusiasts like me,
is a strong sell signal.
If the
current support doesn’t hold, we face a decline below the round $2.00 level,
including toward $1.90, June lows. The next target decline level is $1.61 at
April minimums, and the ultimate level is $1.25, the level last observed in
November 2024 coinciding with intraday lows from October 10 when the market
briefly collapsed, as well as my XRP price decline forecast based on Fibonacci
extensions.
Why XRP price is going down today? Source: Tradingview.com
You can
read more on this topic in this article I wrote earlier.
Although
Dogecoin (DOGE) chart clearly shows it has lost and cut itself off from its
September highs by several cents, in broader terms we actually remain in the
same consolidation drawn since February. Its lower limit, which we are
currently witnessing, falls just above the 14-cent level, while the top is at
just under 29 cents.
The last
hours of declines caused some local supports to turn into resistance, and at
this moment, only the lower limit of the sideways channel last tested in June
stands before us. What’s more significant, however, is we’re moving below the
50 and 200 MA which have already formed a death cross formation, the very
strong sell signal mentioned earlier by me.
If the
current support doesn’t hold and we exit this consolidation, Dogecoin could
pave the road to stronger declines and a retest of levels last observed in
August 2024 below the 8-cent level.
Why Dogecoin price is going down today? Source: Tradingview.com
Cryptocurrency
market lost over $1 trillion since October 6 peak with Bitcoin breaking
$100,000 for first time since June (-5% daily to $100,893), Ethereum crashing
-16% over 48 hours to $3,303, triggered by Federal Reserve Powell walking back
December cuts (probability 96% to 69.3%), AI bubble concerns spreading from
tech selloff (Nasdaq -2%, Nvidia -4%), institutional exodus (Bitcoin ETF
outflows $1.15B) and. leverage cascade ($1.78B liquidations affecting 441,867
traders).
Yes, it may.
According to my technical analysis, Bitcoin breaking $100,000 opens path to
first target $92,000-$94,000 (Fibonacci extension/retracement zone coinciding
with April-May lows), ultimate target $74,000-$76,000 (April minimums + 161.8%
Fibonacci extension).
According
to my analysis, Ethereum down -16% over 48 hours breaking below 200-day EMA and
consolidation range from July, bears now in control with potential 60% decline
to $2,380 April lows if 50% Fibonacci support $3,175 breaks, XRP death cross
forming between 50/200 MA at $2.30 support, Dogecoin death cross completed
testing channel bottom 14 cents, altcoins exhibiting 1.5-2x Bitcoin beta
amplification typical during market weakness.
In my
opnion, yes. Bears warning Peter Schiff “losses staggering surpassing
dot-com bubble,” CredibleCrypto “most severe bear market in Bitcoin’s
history,” $1 trillion market cap loss, institutional exodus $1.15B ETF
outflows, 2018 parallel (October weak, November brutal preceded -37% crash).
Before you go, please also check my previous (and more bullish) crypto price predictions:
The EURJPY pair activated the bearish corrective track by reaching the extra support at 177.05, by the above image, we notice suffering some losses by attacking 176.50 level, to form mixed trading by its stability near 176.35.
Note that the continuation of the price fluctuation below the broken support and providing negative momentum by stochastic that supports the chances of resuming the negative corrective attempts, which might target 175.15 level reaching the support of the bullish channel at 174.45.
The expected trading range for today is between 175.15 and 176.65
Trend forecast: Bearish by the stability of 177.05
The (ETHUSD) price rose in its last trading on the intraday basis, in an attempt to recover some of its previous losses, attempting to offload some of its clear oversold conditions on the relative strength indicators, amid the effect of breaking the critical support of $3,435, this support represents our expected target in our previous analysis, amid the dominance of the main bearish trend on the short-term basis and its trading alongside supportive minor trend line for this track.
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DeFi analysts trace $284M in loan and stablecoin exposure linked to Stream Finance after $93M loss halts platform operations.
Stream Finance is under fresh scrutiny after researchers mapped over $284 million in loans and stablecoin exposure connected to the protocol. The report follows the project’s $93 million loss, which led to a freeze in user withdrawals and a sharp drop in its synthetic stablecoin value.
The DeFi group Yields and More (YAM) released data showing $284.9 million in exposure tied to Stream Finance’s synthetic assets. These assets, such as xUSD, xBTC, and xETH, were linked to lending markets and vaults across platforms like Euler, Silo, Morpho, and Gearbox.
According to YAM’s findings, the exposure includes direct loans and stablecoin holdings involving other protocols such as Elixir and Treeve.
One of the largest exposures was attributed to TelosC, estimated at $123 million. Elixir reportedly lent $68 million to Stream Finance, equal to about 65% of its stablecoin collateral.
This is a massive loss. It’s unclear how this will be settled in between xUSD/xBTC/xETH holders and lenders against these tokens, so let’s go over all stablecoins/vaults that have (in)direct exposure to Stream.
Best we can tell, these stablecoins have indirect exposure:
Elixir’s… https://t.co/QEPsWf1fM2— YAM 🌱 (@yieldsandmore) November 4, 2025
The researchers noted that some vaults and stablecoins may still be affected but have not yet been identified. They warned that due to the layered design of DeFi systems, the total exposure could be larger than currently reported.
The fallout from Stream Finance has drawn attention to the complex structure of synthetic stablecoins and their backing assets. The price of Staked Stream USD (xUSD) dropped from $1 to as low as $0.33 following the announcement of the loss.
Elixir, which held large positions in Stream-linked assets, claimed to have legal rights to redeem deUSD at $1 per token. However, Stream stated that repayments would be delayed until legal counsel determines the rightful creditors.
During the past 24hrs we have heard concerns around Stream Finance’ xUSD.
Elixir has full redemption rights at $1 with Stream for its lending position. We are the only creditor with these 1-1 rights.
deUSD remains fully backed and Elixir is beginning the process of unwinding…
— Elixir (@elixir) November 3, 2025
YAM’s report also showed exposure loops involving various stablecoins such as Treeve’s scUSD and Elixir’s deUSD. These loops made it difficult to trace how much debt each lender might recover, and when repayments could occur.
Stream Finance disclosed a $93 million loss caused by an external fund manager and has paused deposits and withdrawals since the incident. The protocol is working with the law firm Perkins Coie to review the situation and attempt recovery.
Prior to the announcement, users had reported delays and discrepancies in Stream’s reported TVL compared to external trackers like CoinGecko. This raised concerns about asset availability and system reliability.
The investigation and recovery process are ongoing, though Stream Finance has not yet announced a timeline for resuming full operations. The outcome may depend on legal findings and how affected parties handle redemption claims.
The (ETHUSD) price rose in its last trading on the intraday basis, in an attempt to recover some of its previous losses, attempting to offload some of its clear oversold conditions on the relative strength indicators, amid the effect of breaking the critical support of $3,435, this support represents our expected target in our previous analysis, amid the dominance of the main bearish trend on the short-term basis and its trading alongside supportive minor trend line for this track.
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Full VIP signals performance report for 20-31, October 2025: