Watching for a spark
What's being bought and sold*
TOP TRENDING ASSETS
*Trading activity in the past 24 hours on the Uphold platform, as of 8 a.m. 13th November 2025.
The combined total of buy and sell percentages can exceed 100% due to customers who engage in both buying and selling the same asset within the 24-hour time frame.
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What’s up
Market Ravenous For Fresh Catalysts
Risk assets were seemingly poised to strut their stuff heading into Thursday following the reopening of the U.S. government. However, Bitcoin and most other digital assets were merely treading water over 24 hours as of 8:45 a.m. (EST).
Still, with federal agency staffers getting back to the daily grind, traders can now kick back and wait for new catalysts, particularly with respect to monetary policy.
The most recent batch of consumer price index (CPI) data, courtesy of the Labor Department’s Bureau of Labor Statistics, clearly will be delayed but eventually should somehow winnow its way into the public’s hands, most Wall Street experts agree (CNBC).
Facing an informational void, economists have leaned more heavily on alternative data. For example: An analytics firm, OpenBrand, harvesting data from retailers, revealed that inflation in key sectors (e.g., durable goods) cooled down in October. This downtick comes after three consecutive months of acceleration, suggesting inflationary pressures might be easing.
Lacie Zhang, research analyst at Bitget Wallet, told DL News that investors have eyes trained on: delayed data releases; economists' shifting rate-cut expectations; and possibly some fresh regulatory tailwinds. Together, the bundle of rally-conducive kindling could, Zhang explained, “set the tone for Bitcoin and risk assets heading into December.”
An important technical indicator is already flashing promisingly for Ethereum. The second-largest crypto has just recaptured a key level versus Bitcoin — the 50-week exponential moving average (EMA). It’s a signal that has marked the start of previous ETH rallies (CryptoPotato).
Meanwhile, today marks the debut of the first U.S. spot XRP ETF. The next several days ahead could be monumental for XRP, which shot up by as much as 4% at one point earlier. The fourth-largest crypto is positioned for a “potentially volatile month,” said Decrypt.
Trading on the Nasdaq under the ticker XRPC, Canary Capital's offering will hold physical XRP and charge a 0.50% management fee, making XRP the fourth crypto asset, after BTC, ETH, and SOL, to get hitched to a U.S. spot ETF.
What's down
Bitcoin Has Work To Do
A macroeconomic fog bank is due to finally dissipate and so Bitcoin could soon find itself in another feisty battle to reclaim a handle near or above $110K. This in turn sets the stage for a potential rally to new heights, many analysts insist.
But first BTC needs to sustain a close above $107K-$108K. And obviously before it can do that, BTC needs to show it can crack a stiff barrier at the $106K mark.
Furthermore, we stipulate this: before that resistance can be truly tested it would be nice if BTC could reclaim $105K. Alas, BTC in the past 24 hours actually has been as high as $104.9K.
Having established all of that heavy lifting still left to do, it’s worth noting (with a sigh) that the largest crypto, as of 10:05 a.m. (EST), was barely clinging to $102K. BTC has shed about 2% in 24 hours. It’s flat versus last Thursday at this time.
What's next
ETF Scramble Kicks Into Gear
The end of the shutdown bodes well for the crypto industry if only because the SEC can now resume work on pending product applications.
Some 130 crypto ETFs have been awaiting SEC approval since the shutdown began, according to Bloomberg Intelligence.
Analysts told CryptoNews that they now expect a backlog review process, with filings likely to move forward in the coming days. Craig Salm, top lawyer at Grayscale, said the SEC might just go ahead and auto-green-light all pending ETF registrations or, alternatively, reengage with issuers, and in some cases this could involve a feedback loop and delays.
Then again, issuers could just go ahead and offer their new products without any SEC approval.
In late October, Bitwise Asset Management successfully launched the first U.S. spot Solana ETF, despite the SEC's shuttering, using a never-before-tested filing process that technically does not require a formal SEC sign-off, according to Reuters.
That gave Bitwise the first-mover advantage, infuriating rivals who took a more cautious approach and are now scrambling to catch up, six ETF industry sources told Reuters.
Grayscale Investments quickly converted its existing private SOL fund to an ETF via the same route. Additionally, VanEck, Fidelity and Invesco, following Bitwise's lead, all have since adjusted their registration statements.
