- The week was characterized by high volatility and economic-driven price movements, and there was also a spectacular hack that caused millions in damage.
- There have been adjustments to regulation in the US and EU, with the EU raising the requirements for the crypto industry and the US becoming more crypto-friendly.
Montag
Market opening with cautious recovery: After several weeks of decline, Bitcoin is starting the week with a technically driven stabilization; Some investors are speculating that monetary policy will soon be relaxed in the USA, which would benefit risk assets. This expectation had already been a driving factor for correlating movements between the crypto market and economic data in the previous days.
Cardano events remain present: Discussions about Cardano’s planned native token NIGHT as a means of payment for a confidential sidechain from 2026 as well as the controversy surrounding a faulty ADA transaction from the weekend are reverberating and influencing the debate about protocol security and developer communication. After all, the error led to a hard fork
Positive signals from China: Reports of China’s possible re-approach to Bitcoin after the 2021 ban continue to be interpreted as a potentially positive factor and serve as justification for market commentators’ positive medium-term forecasts.
Tuesday
Economic development dominates price formation: The crypto market follows global news flows almost directly, particularly expectations of a US Federal Reserve interest rate cut in December. Trading is already pricing in an increasing likelihood of monetary policy support, increasing volatility and widening intraday spreads.
Recovery signals despite the decline phase: Despite the ongoing correction of the past few weeks, new data and sentiment indicators point to a potential bottom formation, with increased short covers and selective rotation into fundamentally stronger altcoins.
Market in focus: Commentators emphasize that the correlation between Bitcoin and the crypto market is high again, bringing the current economic outlook back into focus.
Wednesday
Reverberations of technical events: The Cardano community continues to wrestle with the implications of the hard fork debate, including criticism of developer responses and the question of more robust fail safes in transaction validation. This fuels conversations about governance and post-mortem transparency in L1 blockchain networks.
China: China’s potential new engagement remains a background theme and is seen by market commentators as a medium to long-term driver for liquidity and on-ramp infrastructure.
Crypto courses: Prices remain in a tight, ever-changing range as investors adjust their positions and await upcoming data points and new regulatory signals.
Thursday
Impulses from South Korea: There are increasing reports and expectations in the industry surrounding the strategic takeover of Dunamu, the parent company of the Upbit crypto exchange, by the tech group Naver via a share swap worth $10.3 billion. Upbit’s dominant market position with over 80% market share and around 18 million active users in South Korea is seen as a key strategic lever.
Preparation for the end of the month: Traders are positioning for eventual end-of-month flows, while ETF inflows/outflows and institutional order books receive particular attention for Friday4.
Freitag
Institutional flows: Solana ETFs with first outflows: Following a series of inflows, Solana ETFs are experiencing net outflows for the first time since launch, increasing short-term volatility in SOL-related products and derivatives markets4.
Comments on the Bitcoin crash: Analyzes discuss the pace of the recent decline and highlight alternative drivers alongside the usual suspects such as leverage and liquidation cascades. These perspectives see the fragile market structure and liquidity gaps in stressful phases.
Politics meets Crypto‑Startups: Sharp public accusations against a “World’s Most Corrupt Crypto Startup” with ties to Donald Trump are causing polarized discussions about governance, compliance and the interface between politics and the crypto industry.
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