Summary
- Crypto roundup for Tuesday highlights the trader’s anxiety as U.S. data and new challenge sentiment ahead of top-tier data/events.
- Bitcoin posts four-day losing streak to hit fresh 6.5-month low, Gold snaps three-day losing streak to bounce off weekly low, but U.S. Dollar dribbles.
- Upbeat U.S. ADP Employment Change, Unemployment Claims, and mixed FOMC clues weighed on December Fed rate cut odds and the risk profile.
- Geopolitical woes also escalate, along with pre-data anxiety, to weigh on sentiment.
- Cryptocurrencies trade mixed, with BTC down, but other major coins paring previous losses.
- Wall Street begins Tuesday on a negative note, following a downbeat Monday, while technology shares remain pressured on Nvidia and Cloudflare concerns.
- Cautious mood can weigh on risk assets like crypto, which may help Gold to edge higher.
Crypto Roundup for Tuesday: Market Sentiment Dwindles
The risk complex remains weak, mostly dicey, early Tuesday morning in New York as upbeat U.S. data and statements from the Federal Open Market Committee (FOMC) members join mixed geopolitical and trade developments. Adding to the sour sentiment could be anxiety ahead of this week’s top-tier data and earnings starting from Wednesday.
Amid these plays, Bitcoin (BTC) drops for the fourth consecutive day to hit a fresh low since late April, despite currently bouncing off a multi-month low to $91,600. Meanwhile, spot Gold (XAU) posts the first daily gain in four around $4,075, while the U.S. Dollar Index (DXY) struggles to defend a two-day winning streak near 99.50.
In the U.S., stronger data continued to cut the probability of a December Fed rate cut, from nearly 100% in early October to around 35% of late, which in turn weigh on the market’s risk appetite and prices of cryptocurrencies.
That said, the 4-Week Average of the ADP Employment Change until November 01 came in -2500 compared to -11,250 prior.
Meanwhile, the weekly Unemployment Claims rose to 232K for the week ended on October 18, versus an upwardly revised 219K for the week ended on September 25.
On Monday, the Empire State Manufacturing Index surged to 18.7, a year’s high, from 10.7 versus 6 expected, and the Atlanta Fed GDP now estimate for Q3 rose to 4.1% from 4.0%.
Not only the data, comments from the Fed officials came in mixed and favored the odds of the U.S. central bank’s hawkish play in December. Among the key speakers, Fed Governor Stephen Miran remains alone in pushing for a more forward-looking stance, while most policymakers say the path back to 2% is long. That said, Fed Vice Chair Philip Jefferson supported last month’s quarter-point cut due to rising labor risks but urged caution as policy approaches neutral, citing easing upside inflation risks and mixed labor signals. Elsewhere, Fed Governor Christopher Waller said he firmly supports another quarter-point cut at the December 9–10 meeting, arguing the labour market has weakened enough.
Furthermore, geopolitical tensions also exerted downside pressure on the market’s sentiment as U.S. President Donald Trump said he would be “OK” with bombing Mexico to stop drug trafficking. That said, tensions between China and Japan, due to the Taiwan issue, as well as China’s strong ties with Russia, also challenge the risk profile.
On a positive note, China’s state-owned grain trader COFCO marked the largest purchase of U.S. soybean since the summit between U.S. President Trump and his Chinese counterpart, Xi Jinping.
Crypto, Equity Update
Major cryptocurrency coins, apart from Bitcoin (BTC), witnessed a corrective bounce early Tuesday, following a downbeat Monday. That said, Bitcoin posts a four-day losing streak, down nearly 0.5% by press time, while Uniswap also joined the BTC with modest losses.
Meanwhile, Ethereum (ETH), Ripple (XRP), and Binance Coin (BNB) all post mild gains to bounce off multi-day lows, whereas Solana (SOL) jumps over 5.0% as it rebounds from the lowest level since June.
Notably, Aster (ASTER) and Internet Computer (ICP) jumped over 10% in the last 24 hours, while Zcash (ZEC) dropped 15% and Starknet (STRK) posted over 11% loss during the same timeframe.
On a broader front, crypto market capitalization (market cap) declines 2.15% on the day to $3.12 trillion, while the Bitcoin Dominance weakens to 58.4% from 58.8% during the last 24 hours, according to CoinMarketCap data.
That said, some of the top crypto news are as follows, while more updates like this could be traced to our News section.
A senior European Central Bank (ECB) official and Dutch central bank governor, Olaf Sleijpen, warned about large and abrupt outflows from stablecoins in his interview with the Financial Times (FT). The policymaker said that a large outflow from major stablecoins could force issuers to liquidate reserves quickly, putting pressure on bond markets and draining liquidity. ECB’s Sleijpen also added that such instability could weaken the effectiveness of monetary policy and may push the ECB to rethink its interest rate stance if market stress spreads into the wider economy.
Also Read: ECB Warns Stablecoin Outflows Could Trigger Market Stress and Policy Shift; What to Expect?
Zand Bank received approval from the UAE Central Bank to issue the country’s first AED-backed stablecoin on public blockchains. The stablecoin, Zand AED, is fully backed by dirham reserves, held in segregated, regulated accounts, and supported by audited smart contracts.
Read Details: Zand Bank Secures Green Light to Issue UAE’s 1st AED-Backed Stablecoin
On the same line, a Swiss-regulated banking group, Amina, becomes the first international firm to offer comprehensive crypto trading and custody services to Hong Kong’s professional investors. Crypto Bank AMINA receives Securities and Futures Commission (SFC) Type 1 license uplift for institutional crypto services.
For More: Crypto Bank AMINA Secures Hong Kong License for Institutional Trading Expansion
Crypto platform CoinList shifts from a centralized exchange (CEX) model to an on-chain, self-custody approach in response to market demand. That said, new wallet integration via Privy enables direct token distribution to user-controlled wallets.
More Details: CoinList Embraces True DeFi, Goes Fully Non-Custodial in Major Pivot
The blockchain analytics platform, DappRadar, shuts down operations effective November 17, 2025, ending a seven-year saga. The platform monitored decentralized applications (dApps) across hundreds of networks, announced its closure due to ongoing financial challenges that made continued operations unsustainable. Following the announcement, the RADAR token crashed 38%
Read Details: DappRadar Shuts Down After 7-Year Run, Token Plummets 38%
Talking about equities, Wall Street begins Tuesday’s trading on a negative note as Dow Jones and S&P 500 both drop 0.60% on the day, while Nasdaq Composite falls more than 1.0% as we write.
On Monday, the U.S. equity shares began the week’s trading on a dicey note but ended the day in the red. That said, the S&P 500 lost -0.98%, while the Nasdaq slipped 0.9%, and the Dow Jones fell 1.2%.
Meanwhile, Nvidia (NVDA) dropped $3.57 (-1.88%) to $186.60 and is now 13.82% below its high ahead of Wednesday’s earnings.
Notably, shares of an internet infrastructure company supporting several key websites, including the X, Cloudflare (ticker: NET), dropped 3.0% during the pre-market trading as it reported an “Internal server error”.
- Gold snaps three-day losing streak, mildly bid near $4,075 as we write.
- Bitcoin (BTC) hovers at a six-month low, lacking downside momentum, near $91,600 at the latest.
- Ethereum (ETH) bounces off a four-month low, up over 1.0% near $3,070 by press time.
- U.S. Dollar Index (DXY) dribbles, stalling a two-day recovery near 99.50 at the latest.
- Wall Street benchmarks remain in the red, with the Dow Jones and the S&P 500 both falling 0.60% intraday and the Nasdaq losing more than 1.0% as we write.
- WTI Crude Oil extends pullback, mildly offered near $59.60 at the latest.
A Mixed Day Ahead
Having witnessed an initial reaction to Tuesday’s scheduled data, Fed commentary, and broader risk catalysts will be eyed for direction. With the sour sentiment, the USD may continue its recent recovery, pressuring equities, cryptocurrencies, and gold. That said, the latest consolidation in the crypto universe outside Bitcoin may face difficulty if the market’s risk profile weakens. However, significant moves are unlikely ahead of key events, including Nvidia’s Q3 earnings, the U.S. monthly jobs report, and upcoming PMI data.
Also read: Cryptocurrency Weekly Price Prediction: BTC, ETH, and XRP remained Red on Market Fears
