Wobbly market weakens
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. 14th 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
XRP ETF Enjoys Impressive Debut
A cold November rain enveloped risk markets with tech stocks tumbling and crypto in the tank — but there are a few noteworthy rays of sunshine.
Zcash (ZEC) — its multi-week hot streak recently interrupted — lurched back into forward motion (+3% in 24 hrs) following reports that the Winklevoss twins are backing a digital asset treasury (DAT) company with meathooks trained on ZEC, up 3% in 24 hours. ZEC is up 1,000% since August.
Meanwhile, Canary Capital’s spot XRP ETF (XRPC) attracted $58 million in first-day net inflows. That’s the strongest debut of any ETF so far this year, Decrypt said. The tally narrowly surpassed the $57 million that the Bitwise Solana Staking ETF (BSOL) garnered when it was launched a fortnight ago. Since then, BSOL has seen more than $550M worth of inflows.
What's down
BTC Plunges Below $95K
U.S. equity futures were sliding as of 7:41 a.m. (EST) on Friday. It’s been a rough week for major technology names, including Nvidia. The gargantuan AI chip designer as well as Advanced Micro Devices, a fellow semiconductor stalwart, each were plunging in the pre-market session.
Bitcoin has absolutely cratered. On Thursday night, BTC lost its grip on $100K. Friday so far has been hair-raising. Earlier this morning, the largest crypto briefly dipped below $95K, flirting with a level not seen in six months. BTC has lost nearly a quarter of its value since it hit an ATH of about $126.1K on Oct. 6. Yesterday, investors puled more than $800M out of BTC ETFs.
This morning’s crypto correction didn’t happen in a bubble. Well, okay perhaps it did. Rather, what we meant to emphasize is that the mass dumping came in an acutely fragile environment of intense sell-pressure and sparse liquidity. BTC's waving bye-bye to $98K, a line-the-sand kind of support level, triggered $1.1B in liquidations, about half of which were connected with BTC trading pairs, according to CoinDesk, citing CoinGlass.
What's next
A DeFi Favorite's Untimely Demise
In the past day, total global crypto assets have fallen 7% to $3.31T, according to CoinGecko.
Checking the Big Ten, a pair of high-profile tokens, Ethereum and Solana, each fell 11%, as opposed to Bitcoin which shed 7%. Widening out, we see HBAR, AVAX and SUI in the same league in terms of 11%-12% losses endured since yesterday at this time.
Amidst Top 100 coins, Aave’s native AAVE (-17% in 24 hrs) is having the singularly most awful day.
DeFi as a category is only down 8%. Some big DeFi names are holding up fine. HYPE, for instance, is only slightly down on the week. UNI is shading weirdly green since last Friday.
This past Tuesday, AAVE spiked to within a few cents of $230 but then sharply retreated to a ledge near $210. At last check, AAVE, 52nd-largest coin, traded at around $177. Oddly enough, the Aave lending/borrowing protocol is reportedly breaking usage records while at the same time Aave Labs, per CryptoNews, has just become one of the first major DeFi projects to receive formal authorization under the European Union’s Markets in Crypto-Assets (MiCA) framework, clearing a path for stablecoin on- and off-ramps.
“The MiCA authorization now positions Aave Labs to expand its stablecoin infrastructure across Europe, strengthening the project’s role in regulated, on-chain finance,” CryptoNews said.
According to DefiLlama, the Aave protocol processed $542M in volume over the past 24 hours; users currently hold $23B in borrowed assets in various lending pools.
