Dogecoin and Shiba Inu underwent sharp volatility on Sunday as the broader crypto market endured another risk-off wave driven by ETF outflows, concerns related to the AI-linked tech bubble, and reduced liquidity across speculative assets.
Meme-tokens saw some of the day’s most aggressive swings, with DOGE staging a forceful rebound and SHIB recovering after initially breaking a key support level.
Although the macro environment dominated sentiment, large-holder behavior diverged between the two assets.
Dogecoin experienced renewed institutional accumulation following two weeks of heavy whale positioning.
Shiba Inu, meanwhile, saw retail-led selling intensify before buyers re-entered the market at intraday lows.
DOGE finished the session up 3.0% at $0.1641.
The token had dropped sharply earlier in the day, falling to $0.1551 before recovering on surging volume.
Trading activity spiked to 613 million during the support test, a level 186% higher than its 214 million average.
DOGE’s rebound pushed the asset above $0.1640, establishing an ascending intraday trendline.
Later trading kept the token within a narrow consolidation range between $0.1638 and $0.1643.
Analysts noted that the higher-lows pattern formed during the recovery signals improving momentum despite market-wide weakness.
SHIB declined 2.0%, slipping from $0.000009233 to $0.000009045.
Heavy selling around 08:00 GMT pushed volumes to 412.35 billion tokens, roughly 67% above typical levels.
The asset bottomed at $0.000008975 before snapping back in a rapid V-shaped recovery.
Around 32.34 billion tokens traded during the reversal, lifting SHIB to $0.000009082 and reclaiming short-term resistance at $0.000009060.
Technical indicators showed divergent setups for the two tokens.
DOGE maintained an intact ascending trendline, with institutional demand supporting the $0.155–$0.161 range.
Key resistance remains at $0.1650, followed by $0.1680.
Analysts say a break above these levels would confirm a short-term bullish continuation.
SHIB preserved triple-tested support at $0.000009020 and reclaimed minor resistance, though its broader daily downtrend — defined by lower highs — remains intact.
A decisive close above $0.000009240 is needed to confirm stabilization.
A fall below $0.000008975 would expose the token to further downside toward the mid-$0.00000870 region.
Market analysts said DOGE’s structure favors further upside if momentum continues, while SHIB remains at a tactical inflection point.
The V-shaped recovery boosts short-term confidence, but longer-term trend reversal will require stronger follow-through.
ARK Invest has increased its exposure to crypto-linked equities, adding significant amounts of BitMine Immersion Technologies and Bullish shares across multiple exchange-traded funds while broader markets continued to trend downward.
Daily trade disclosures from Friday show that the ARK Fintech Innovation ETF acquired 18,089 BitMine shares.
The ARK Next Generation Internet ETF purchased an additional 34,637 shares.
The ARK Innovation ETF added the largest amount at 116,681 shares.
In total, ARK bought 169,407 BitMine shares on the day, an investment valued at approximately $5.83 million.
Separately, ARKF bought 8,063 shares of Bullish.
ARKW added 15,441 shares.
ARKK acquired 52,011 more.
These combined purchases amounted to 75,515 Bullish shares worth roughly $2.91 million.
Buying During Market Weakness
The renewed accumulation came as both stocks were hit by heavy selling pressure.
Bullish closed down 6.19% at $38.48.
BitMine fell nearly 6% to $34.40.
Both recovered slightly in after-hours trading.
ARK’s steady buying during dips has become a recurring strategy, particularly as the firm positions itself more aggressively in digital-asset-linked equities.
ARK’s Expanding Crypto Acquisition Strategy
This latest move follows ARK’s recent multi-day acquisition of Circle (CRCL) shares.
Over two days last week, the firm purchased 542,269 Circle shares for a combined cost of roughly $46 million.
The buying took place as Circle’s stock continued to decline, falling first to $86 and then to $82.30.
These transactions mark ARK’s first Circle purchases since June, when the firm sold approximately 1.7 million shares at an average price of $200, generating $352 million.
ARK has also continued to expand its position in BitMine.
On Thursday, the firm purchased 242,347 additional BitMine shares for around $8.9 million after the stock dropped below $37.
BitMine’s Leadership Shift Adds Further Attention
BitMine has drawn broader market interest following its announcement of a leadership transition.
The firm confirmed that Chi Tsang has replaced Jonathan Bates as CEO, and it also appointed three new independent board members.
More than 3.5 million Ether — valued at over $11 billion — now sits in BitMine’s treasury.
The company’s transformation from a mining-focused business to a major institutional holder of Ethereum has intensified comparisons to Michael Saylor’s Strategy, which maintains the largest Bitcoin treasury among publicly traded firms.
ARK’s Long-Term Positioning in Crypto Markets
ARK’s ongoing crypto-related acquisitions indicate confidence in long-term growth opportunities despite near-term volatility across digital asset markets.
The firm’s activity aligns with its broader investment philosophy, which favors high-growth, high-risk innovation sectors even during downturns.
Whether this accumulation continues will likely depend on how crypto-linked equities perform as broader macroeconomic conditions evolve.
Michael Saylor, executive chair of Strategy, has dismissed reports that the company reduced its Bitcoin holdings during the latest flash crash, calling the claims inaccurate and reaffirming the firm’s long-term accumulation strategy.
His comments arrived after a steep 24-hour price drop that pushed Bitcoin from above $100,000 to below $95,000.
Saylor Says Reports of Bitcoin Selling Are False
In a Friday post on X, Saylor said there was “no truth” to suggestions that Strategy had cut its Bitcoin reserves by about 47,000 BTC — a reduction worth $4.6 billion at current prices.
He emphasized that the company was continuing to purchase Bitcoin, even as volatility intensified and the price fell more than 4% in a single day.
“I think the volatility comes with the territory,” Saylor said in a CNBC interview on Friday.
“If you’re going to be a Bitcoin investor, you need a four-year time horizon and you need to be prepared to handle the volatility in this market.”
Strategy remains the world’s largest corporate Bitcoin holder with a treasury of roughly 640,000 BTC.
However, its dominance has tapered as other institutions increased their accumulation.
Companies including Coinbase and Metaplanet acquired more Bitcoin in October than Strategy, reducing the firm’s lead.
Strategy Stock Declines Amid Market Uncertainty
Shares of Strategy (MSTR) have mirrored some of the weakness seen in the crypto market.
According to Nasdaq data, the stock fell to $205.38 at the time of publication — a drop of more than 17% over the previous five days.
Market analysts noted that declining Bitcoin prices, combined with increased competition in corporate BTC accumulation, have added pressure to the stock.
Government Shutdown Ends, Bitcoin Reaction Mixed
The end of a 43-day U.S. government shutdown brought a temporary boost to financial markets earlier in the week, though it remains unclear whether the resolution will have a lasting influence on Bitcoin’s trajectory.
BTC surged above $106,000 on Sunday amid optimism that lawmakers were nearing a funding deal.
A second rally occurred on Wednesday after the House passed a continuing resolution followed by President Donald Trump signing it into law.
However, data from Nansen showed the rally faded once government operations officially restarted on Thursday.
Bitcoin’s price fell below $100,000 shortly afterward, suggesting that macro relief alone is insufficient to sustain upward momentum in current market conditions.
Bitcoin’s latest price action continues to test investor confidence as the cryptocurrency struggles to recover from its recent drop.
After briefly dipping to around $100,700 on Wednesday, BTC remains down roughly 3.5% on the weekly candle.
The move is part of a wider trend that has seen long-term holders unload more than 815,000 BTC over the past month.
That level of selling has raised alarms among analysts who warn that lower liquidity pockets could drive Bitcoin toward the June 2025 lows near $98,000 if volatility accelerates.
The broader market is now watching how Bitcoin behaves around the critical $100,000 region, which has repeatedly been tested throughout the year.
Liquidity Mapping Shows Market Vulnerability
Crypto analysts following liquidity flow patterns say that Bitcoin’s current range is showing clear pockets of weakness.
Trader Daan Crypto noted that a “large cluster of liquidity sits below the local lows at $98,000–$100,000,” suggesting that if selling pressure increases, the market may gravitate toward that zone.
He also pointed to upside liquidity targets near $108,000 and $112,000 but stressed that only the first target is currently within realistic reach.
According to his assessment, whichever liquidity band breaks first could determine whether Bitcoin enters a sharp short squeeze or a capitulation-style flush.
This view is backed by several futures traders who say BTC is increasingly likely to revisit the lower end of its range.
Futures trader Byzantine General stated that Bitcoin “is likely to sweep the lows around $98,000,” citing repeated failures to break higher.
Data from CoinGlass supports this bearish tilt, showing nearly $1.3 billion in cumulative long leveraged liquidity concentrated around $98,000.
That figure has risen sharply since the beginning of the week, indicating that traders have layered bids just below current levels.
Repeated Support Retests Signal Structural Weakness
One of the more worrying indicators for market analysts is the consistent retesting of support between $102,000 and $100,000.
Bitcoin has now returned to that region four separate times since May 2025.
Each retest weakens buyers’ conviction and reduces the number of resting bids available to defend the support line.
Analyst UBCrypto said the latest bounce resembled a failed breakout attempt and added that the region is “not a level worth buying into” until Bitcoin shows a confirmed shift in momentum.
He argued that entering positions slightly higher is preferable if it means avoiding a potential breakdown.
Despite this caution, long-heavy positioning remains dominant among retail traders.
Hyblock Capital data shows that 68.9% of BTC orders on Binance still lean long, suggesting many believe the $100,000 level will hold.
However, the daily and weekly charts both show softening structure at higher time frames.
This has increased expectations that Bitcoin may eventually test the liquidity pool near $98,000 before the market finds a stronger footing.
Deeper order book support appears to sit just above Bitcoin’s current price, but analysts warn that the market could still be pulled into lower liquidity areas if sentiment deteriorates.
If selling from long-term holders continues and short-term traders remain overleveraged, Bitcoin may still face additional downside pressure before recovery attempts strengthen.
U.S. stock markets rallied on Wednesday as optimism grew over a potential resolution to the government shutdown, while Bitcoin retreated from recent highs.
The Dow Jones Industrial Average rose by 423 points, or 0.9%, reaching a new intraday high as investors awaited a House vote on a bill to end the 40-day government closure.
Stocks Surge as Confidence Returns
Strong performances from banking giants such as Goldman Sachs, JPMorgan Chase, and American Express fueled the rally.
The S&P 500 inched up 0.1%, while the Nasdaq Composite slipped 0.3%, showing slight weakness in tech shares.
Meanwhile, gold climbed to around $4,180 and silver rose above $53, boosted by safe-haven demand and expectations of resumed government data releases once the shutdown ends.
Investors seemed to rotate back into equities and commodities with clearer ties to fiscal policy and credit conditions.
Bitcoin Pulls Back
Bitcoin dropped 3.4%, falling from an intraday high of $105,300 to a weekly low near $101,200.
The decline came as investors shifted capital toward traditional assets, signaling a temporary cooling of crypto enthusiasm following a strong rally earlier in the week.
The move reflects a broader recalibration in risk appetite.
As the threat of a prolonged shutdown fades, market participants appear more comfortable positioning around traditional investments rather than digital assets.
ETF Inflows Suggest Long-Term Optimism
Despite short-term weakness, Bitcoin’s long-term outlook remains supported by institutional interest.
Spot Bitcoin exchange-traded funds recorded $524 million in cumulative net inflows on Tuesday — the highest daily total since early October.
The renewed ETF activity suggests that investors are gradually rebuilding exposure to Bitcoin after the volatility seen earlier this month.
With the Federal Reserve expected to provide new policy guidance later this month, any hint of a dovish stance could reignite demand for risk assets, including cryptocurrencies.
If market volatility stabilizes and government operations resume smoothly, Bitcoin may regain upward momentum as investors seek diversification beyond equities.
Crypto advocate and attorney John Deaton has announced his second campaign for the U.S. Senate in Massachusetts, setting up another potential face-off with Democratic incumbent Ed Markey in 2026.
At an event in Worcester on Monday, Deaton declared his candidacy, saying in a campaign video, “I’m winning this time.”
Deaton previously ran as the Republican challenger against Senator Elizabeth Warren in 2024, losing by approximately 700,000 votes.
Focus Shifts Beyond Crypto Policy
While his latest announcement did not focus heavily on digital asset regulation, Deaton’s name remains closely tied to the crypto world.
He gained prominence representing XRP holders in Ripple’s long-running legal battle against the U.S. Securities and Exchange Commission (SEC).
Deaton confirmed that he would again run as a Republican to unseat Markey, who has been a vocal critic of cryptocurrency mining and voted against the GENIUS stablecoin bill.
Political Landscape and Early Challenges
Massachusetts remains a Democratic stronghold, and Deaton’s path to victory may face significant hurdles.
Representative Seth Moulton, a Democrat from Massachusetts’s 6th Congressional District, has already emerged as a potential contender for the Senate seat.
Markey, now 79, has held the position since 2013 and continues to attract strong support among Democratic voters.
Crypto Community Backs Deaton’s Effort
Despite the uphill battle, Deaton retains a loyal base within the crypto community.
“We’re never going to not be excited about someone advocating for [crypto] policy,” said Mason Lynaugh, community director at Stand With Crypto. “He’s going to have his own voters he’s going to cultivate that are very excited to see someone like him saying these types of things publicly.”
During his 2024 campaign, Deaton raised over $360,000 in the first quarter alone, with major contributions from executives at Ripple, Gemini, and Kraken.
As the 2026 race begins to take shape, Deaton is expected to continue leveraging his national profile and support among crypto advocates to challenge the Democratic establishment.
BitMine Immersion Technologies continues its aggressive Ethereum accumulation, purchasing 110,288 ETH last week, a 34% increase from the prior week.
The acquisition brings BitMine’s total Ether holdings to 3,505,723 tokens at an average price of $3,639 per token.
BitMine chairman Tom Lee highlighted the opportunity presented by recent Ether price dips.
“To me, it is evident that Wall Street is very interested in tokenizing assets onto the blockchain, creating greater transparency and unlocking new value for issuers and investors.
This is the key fundamental story and supports our view that Ethereum is a super cycle story over the next decade,” Lee said.
Originally a cryptocurrency mining firm, BitMine has evolved into the largest Ethereum treasury company.
The firm’s ETH holdings are now valued at around $12.5 billion, representing approximately 2.9% of the total 120,696,594 ETH supply.
BitMine has set a long-term goal of acquiring 5% of all Ethereum tokens.
Lee, who is also co-founder of financial research firm Fundstrat, remains highly bullish on ETH’s potential.
In mid-October, he forecasted Ether could reach between $10,000 and $12,000 by the end of 2025.
At the time of writing, ETH trades at $3,561, down 13.4% over the past two weeks and 4.7% in the past month.
This means BitMine’s treasury is currently in a paper loss, requiring a roughly 180% increase in price to reach Lee’s $10,000 target by year-end.
Meanwhile, BitMine’s stock, BMNR, has surged over 400% in 2025, trading at $41.15.
The company’s continued buying signals confidence in Ethereum’s long-term adoption and market positioning.
Trump Media and Technology Group reported a net loss of $54.8 million in the third quarter, up from $19.3 million the same time last year.
The company operates the Truth Social social media platform and saw revenues decline to $972,900 from over $1 million a year ago.
Shares ended trading down 1.73% at $13.10 and rose slightly after hours to $13.20.
Crypto Holdings and Strategy
Trump Media held 11,542 Bitcoin as of September 30.
The company first began buying Bitcoin in late July and has indicated plans to acquire more, alongside exploring other cryptocurrencies.
Bitcoin holdings generated $15.3 million of realised income from options investments.
Additionally, the company posted $33 million in unrealised gains from holding Cronos tokens.
The company said it acquired Bitcoin as part of an investment strategy launched in May after raising $1.5 billion from stock sales and $1 billion from bonds.
Expansion and Treasury Moves
CEO Devin Nunes stated the quarter was crucial to Trump Media’s expansion plans.
He said the company has “secured our financial future with a massive Bitcoin treasury, and expanded our existing platforms.”
The company also formed Trump Media Group CRO Strategy, a digital asset treasury company aimed at buying up to $1 billion in Cronos tokens, representing over 6.3 trillion units.
“With these financial assets now earning income, alongside our second consecutive quarter of positive operating cash flow, we’re well-poised to act on our mergers and acquisitions strategy,” Nunes said.
Financial Assets and Stock Challenges
Trump Media’s financial assets grew from $274 million in March 2024 to $3.1 billion as of September 30.
Despite this, the company’s stock has struggled, losing 61% year-to-date.
The large cryptocurrency holdings have provided income, but the operating business continues to face pressure.
French crypto hardware wallet provider Ledger is exploring a potential listing in New York as demand for its devices surges due to escalating cyberattacks.
The company, founded in Paris in 2014, has reported record revenues in 2025, reaching triple-digit millions, driven by both individual and institutional demand.
CEO Pascal Gauthier told the Financial Times that this year has been the company’s strongest yet, as hackers increasingly target digital assets.
“We’re being hacked more and more every day … hacking of your bank accounts, of your crypto, and it’s not going to get better next year and the year after that,” he said.
Crypto Thefts Hit New Highs
The surge in Ledger sales coincides with a record year for crypto-related thefts.
According to Chainalysis, hackers stole $2.2 billion worth of digital assets in the first half of 2025, surpassing the total losses recorded in all of 2024.
Approximately 23% of these attacks targeted individual wallets, highlighting the growing need for secure hardware solutions.
Ledger Secures $100 Billion in Bitcoin
Gauthier revealed that Ledger currently secures around $100 billion worth of Bitcoin for its customers.
He also suggested that the company may benefit from seasonal spikes in sales during Black Friday and the Christmas period.
Looking ahead, Ledger plans to raise funds in 2026, either through a private funding round or a US listing.
The company is increasing its New York headcount, with Gauthier noting, “money is in New York today for crypto, it’s nowhere else in the world, it’s certainly not in Europe.”
Competitors such as Trezor and Tangem offer similar “cold storage” wallets, but Ledger remains the market leader.
The company was last valued at $1.5 billion in 2023, with backing from 10T Holdings and True Global Ventures.
Multisig App Upgrade Sparks Debate
Last month, Ledger launched a new multisignature (multisig) interface, receiving mixed reactions from its user base, as reported by Bitzuma.
While many praised the upgrade as a technical improvement, the new fee structure—including a $10 flat fee per transaction and a 0.05% variable fee for token transfers—drew criticism.
Developers such as pcaversaccio accused Ledger of moving away from its Cypherpunk roots, arguing the app has become a centralized “choke point” aimed at extracting revenue from users.
Binance co-founder Changpeng “CZ” Zhao has denied claims that his presidential pardon from Donald Trump was influenced by financial or political ties, saying he was as surprised as anyone when the news broke.
Speaking to Fox News on Friday, CZ revealed that he had never personally met Trump before or after the pardon was issued in October.
“I never physically met or spoke with Trump,” he said, adding that the only interaction with the Trump family was a single encounter with Eric Trump during the Bitcoin Middle East and North Africa conference in Abu Dhabi.
“There is no business relationship between me, Binance, and World Liberty Finance,” Zhao stated.
He explained that he was unaware of the pardon’s progress throughout the process, saying: “I did not know when or if it was going to happen. I believe my lawyers submitted the petition in April, and it took a few months. I didn’t know the progress. There was no indication of how far it went along, etc. Then, it happened one day.”
Mixed Reactions and Political Backlash
The pardon drew polarized reactions.
Supporters within the crypto community hailed it as a positive signal for digital assets and a break from what they described as the Biden administration’s anti-crypto stance.
However, Democratic lawmakers quickly criticized the decision, accusing Trump of corruption and self-interest.
During a press briefing following the pardon, Trump said he didn’t know CZ personally but was informed that the case against him was politically motivated.
“He had a lot of support, and they said that what he did is not even a crime, it wasn’t a crime. He was persecuted by the Biden administration,” Trump remarked.
Democrats Question Pardon Motives
Representative Maxine Waters led accusations that Trump’s decision may have been linked to financial contributions from the crypto sector.
Waters claimed Trump engaged in a “pay-to-play” arrangement, suggesting the pardon was in exchange for potential investments in ventures tied to the Trump family, such as World Liberty Financial (WLFI).
Several Democratic senators, including Elizabeth Warren and Bernie Sanders, signed a letter addressed to Attorney General Pam Bondi, calling for an investigation into the circumstances surrounding the pardon.
The lawmakers demanded transparency about communications between Trump’s campaign, Binance, and associated financial entities.
While speculation continues, CZ maintains that his pardon was handled legally through his attorneys and that no financial arrangements were made or discussed.