Invezz
2025-11-20 16:17:45

Crypto market today: ETH defends $2.8K, SOL’s ETF inflows continue streak

The cryptocurrency market displayed weakness on Thursday after Bitcoin’s latest dip below $90,000 . CoinMarketCap’s CMC20, which tracks the performance of the top twenty digital tokens by value, excluding wrapped versions and stablecoins, maintained downtrends, suggesting dominant selling pressure. Analysts perceive the prevailing “extreme fear” as a turning point for a rebound. Ethereum holds above $2,800 The second-largest cryptocurrency by market cap displayed stability in the past 24 hours. It has climbed from intraday lows of $2,870 to $3,012 at the time of this publication. ETH is respecting $2,800 after holding above it since July. Meanwhile, Ethereum’s “stability” coincides with minor improvements in ETF flows. Ether exchange-traded funds saw modest outflows yesterday, November 19, briefly pausing a two-week streak of substantial withdrawals across US issuers. Farside data shows the products saw net outflows worth $37.4 million, the lightest outflows since November 3. The cooldown has possibly helped reduce selling pressure on Ethereum, preventing sharper declines from its current levels. While the altcoin hasn’t revealed signs of sustained recoveries, defending the crucial support remains vital, especially as the altcoin seeks a bottom. Also, a CryptoQuant analyst highlighted $2,800 as a potential rebound zone, stating: Historically, realized price levels have often marked cycle bottoms, suggesting that this range could once again provide a foundation for a short-term rebound. CryptoQuant.com @cryptoquant_com · Follow ETH $2.8K as a Key On-Chain Support Level, Signals Potential Rebound“Historically, realized price levels have often marked cycle bottoms, suggesting that this range could once again provide a foundation for a short-term rebound.” – By @MAC_D46035 2:50 pm · 20 Nov 2025 72 Reply Copy link Read 6 replies SOL ETF records inflows for 17 consecutive days Solana’s exchange-traded fund has been among the hottest altcoin ETFs, showcasing unwavering demand since its debut. The financial product has now hit seventeen days of steady inflows, reflecting uninterrupted accumulation even as SOL’s price underperforms. Bitwise continued to dominate this streak, attracting roughly $424 million between November 3 and 19. vibhu @vibhu · Follow 17 straight days of positive inflows into Solana ETFs 10:20 am · 20 Nov 2025 272 Reply Copy link Read 31 replies Fidelity and VanEck also recorded positive flows, but only Grayscale and Bitwise posted gains daily. SOL is trading at $140, down over 25% the previous month as broader sentiments weighed. The digital asset exhibits notable bearish sentiments, hinting at more dips or consolidation before decisive recoveries. Meanwhile, Solana’s exchange-traded funds offer the catalyst that could fuel SOL surges past $1,000, as per expert predictions. HYPE, Monad, and ZEC to dethrone Cardano: says Nansen CEO Nansen CEO Alex Svanevik sparked a crucial (or bitter for the ADA community) debate today. He believes Cardano will lose its top twenty spot next year as “it’s a total ghostchain.” Alex Svanevik 🐧 @ASvanevik · Follow Cardano will fall out of top 20 in 2026.It’s a total ghostchain. No-one uses it.Even price performance has been abysmal: peak couldn’t even reach -50% vs peak in 2021.Hyperliquid, Monad, Zcash will all flip it next year. 4:54 AM · Nov 20, 2025 776 Reply Copy link Read 236 replies The CEO cited ADA’s sluggish performance, which remains roughly 50% below 2021 peaks. He expects fast-growing blockchains like Hyperliquid, Monad, and Zcash to flip Cardano in 2026. ADA ranks 10th with a market capitalisation of $16.52 billion. The token has dropped by 17% and 33% the past week and month to press time’s $0.4616. These developments signal how large-cap cryptocurrencies are reacting to the prevailing market uncertainty. The upcoming sessions will determine whether these trends will solidify or reverse. The post Crypto market today: ETH defends $2.8K, SOL’s ETF inflows continue streak appeared first on Invezz

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