Bitcoin holds near $80,100 as Ripple bank nod and stablecoin rules lead
Bitcoin held near $80,131 as Ripple won final US trust bank approval and Canada and the OCC advanced stablecoin rules, while Fear & Greed slipped to 48.
Live chart · BTCUSD, XRPUSD, ETHUSD · TradingView
Bitcoin traded flat near $80,131 as price action stayed quiet and regulation took over the news flow. Ripple won final US approval for a national trust bank, while Canada and the US banking regulator both moved stablecoin rules forward.
Bitcoin holds the $80,000 area
Bitcoin stood at $80,131 in the latest CoinGecko snapshot, up 0.14% over 24 hours and down 2.39% over seven days. The 24-hour range ran from $79,332 to $80,680, so the earlier dip below $80,000 has not been repeated. Trading volume came to $28.6 billion. CoinDesk noted that the Federal Reserve is due to decide on Wednesday. Chart: BTC/USD.
Ether and the majors
Ether was nearly unchanged at $2,325.63 but remains among the weaker large caps on the week. XRP edged up after the Ripple news. BNB is the only major with a clear weekly gain.
| Coin | Price (USD) | 24h % | 7d % |
|---|---|---|---|
| Ether (ETH) | 2,325.63 | -0.06 | -3.49 |
| BNB | 743.53 | +0.65 | +1.47 |
| XRP | 1.31 | +0.97 | +0.32 |
| Solana (SOL) | 100.84 | -0.44 | -4.11 |
| Dogecoin (DOGE) | 0.077759 | +1.12 | -2.52 |
| Cardano (ADA) | 0.206737 | +1.20 | -5.42 |
Breadth and sentiment
Total crypto market capitalisation stood at $2.704 trillion, down 1.59% over 24 hours according to CoinGecko. Bitcoin dominance was 59.4% and Ether dominance 10.5%.
The Crypto Fear & Greed Index slipped to 48 from 50, still labelled Neutral. It is the lowest reading in the past eight days and well below the 68 "Greed" level of October 22. The index has stayed in neutral territory since October 23.
The news drivers
Ripple gets its trust bank
Cointelegraph reports that Ripple won final US approval for a national trust bank. The approval clears the way for Ripple to manage reserves backing its RLUSD stablecoin and to provide digital asset custody. Chart: XRP/USD.
Stablecoin rules advance in the US and Canada
The US Office of the Comptroller of the Currency called on community banks to become payment stablecoin issuers, according to Cointelegraph. The call followed the regulator finalising its rules for the GENIUS Act, which is to be implemented in January. CoinDesk says the OCC wants smaller lenders to build stablecoin services as new federal licensing requirements approach.
In Canada, Ottawa opened a 60-day consultation on draft stablecoin rules, Decrypt reports. The draft caps redemption fees at 1% and keeps the ban on paying interest to holders. CoinDesk adds that non-bank issuers would need 1:1 reserves at qualified Canadian institutions and must settle redemptions within three business days.
Treasury firms and taxes
Ether treasury firm Bitmine spent $46 million buying back its own shares, CoinDesk reports. Chairman Tom Lee said crypto has held up better than AI stocks during the recent pullback. In South Korea, officials are weighing a fourth delay to the crypto gains tax, pushing it to 2029, according to CoinDesk.
Security incidents
Indian exchange CoinDCX confirmed a $16 million loss from retired wallets, days after its CEO called it a false alarm, Decrypt reports. Decrypt also reports that the Electrum wallet fixed a confirmed exploit that let rogue servers redirect users' Bitcoin to attacker addresses.
What to watch next
- Fed decision on Wednesday, flagged by CoinDesk. Our sister site covers how currencies are positioning for the Fed and BoJ decisions.
- Anthropic IPO: CoinDesk reports the AI firm aims to price its offering in mid-November, a test for AI-linked risk appetite.
- Options positioning: CoinDesk describes a $68 million Bitcoin bet targeting a post-midterm breakout to $90,000.
- Stablecoin timelines: Canada's 60-day consultation and the January start of the GENIUS Act.
- South Korea's tax decision on a possible delay to 2029.
How we make this article: software gathers the market data and the news from the sources linked in the article, then cross-checks them. AI writes the text. People choose the sources, set the rules and run the process. Not investment advice.