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CoinCatch Market Daily Report (November 10, 2025)
Intermediate
2025-11-10 | 10m
On November 10th, the cryptocurrency market staged a robust rebound, led by strong recoveries in Bitcoin and Ethereum. This rally was largely fueled by the resolution of the lengthy U.S. government shutdown, which restored risk appetite among investors. Meanwhile, Bitcoin, Ethereum and other major cryptocurrencies surged on renewed optimism in global markets, buoyed by news that the U.S. government shutdown may end soon. Crypto hardware wallet company Ledger is reportedly planning to go public with an initial public offering (IPO) in New York. Ava Labs and the Filecoin Foundation have launched a native cross-chain data bridge between Avalanche C-Chain and Filecoin, powered by the Filecoin Virtual Machine (FEVM).
Crypto Market Overview
BTC (+4.12% | Current Price: $106,086.88)
Bitcoin's price increase to $106,240 contributed to a market capitalization of $2.11 trillion. This rebound occurred despite a challenging October, which saw Bitcoin's first negative performance for that month since 2018, driven by high bond yields and a slowdown in spot Bitcoin ETF purchases. The resolution of the U.S. government shutdown served as a key catalyst, alleviating market uncertainty and improving risk sentiment. Furthermore, on-chain data points to underlying strength; Bitcoin's realized cap grew by over $8 billion in November, indicating strong demand from long-term holders and ETFs.
On November 7th, institutional products are seeing a retreat. Bitcoin exchange-traded funds (ETFs) registered an outflow of $558.4 million. BlackRock's IBIT saw an outflow of $131.4 million and Fidelity's FBTC ETF saw an outflow of $256.7 million.
ETH (+5.89% | Current Price: $3604.41)
Ethereum significantly outperformed Bitcoin, with its price soaring over 5% to approach $3,600. This surge was accompanied by a notable 49% increase in its 24-hour trading volume. The rally was fueled by conspicuous whale activity, with one large investor opening a long position worth $137 million using 5x leverage, signaling strong confidence in ETH's short-term upside. Analysts identified a strong liquidity zone between $3,200 and $3,350, which served as a crucial support base for the push higher.
On November 7th, ETH ETFs experienced a total net outflow of $46.6 million, including an outflow of $72.2 million from Fidelity's FETH and an inflow of 34.4 from BlackRock's ETHA.
Altcoins
Most mainstream altcoins continued their downward trend, with overall market sentiment leaning towards caution and investor sentiment predominantly neutral. The Fear & Greed Index stood at 29 today, within the fear zone, indicating continued low market risk appetite.
The Alt Season Index (measuring the relative strength of altcoins versus BTC) remained at 33, below the 50 threshold that signals a full-fledged alt season . This aligns with the market's current structure, where assets concentrate on core assets (BTC, ETH, SOL) rather than rotating broadly into altcoins . The index suggests that while select thematic sectors are performing well, a widespread altcoin rally is unlikely until liquidity conditions improve.
Major Token Unlocks: A significant wave of token unlocks is scheduled, which could increase selling pressure on the respective assets. Linea (LINEA) is set to unlock 50 million tokens (worth ~$29-35M) on November 10th. This will be followed by unlocks for Aptos (APT) and Solayer (LAYER) on November 11th, and Avalanche (AVAX) and Starknet (STRK) later in the week.
Regulatory Decisions: Traders should watch for the UK's consultation on stablecoin rules, launching on November 10th. Furthermore, the SEC has a final deadline to decide on the Grayscale HBAR Spot ETF by November 12th.
Macro Data
The primary catalyst for the market-wide rebound was the resolution of the 40-day U.S. government shutdown. This political breakthrough reduced economic uncertainty and is expected to be followed by significant liquidity injections, with the U.S. Treasury projected to deploy $250–350 billion in stimulus. Progress continued in the ETF space, with Franklin Templeton updating its S-1 filing for a spot XRP ETF, a key step ahead of expected SEC approval. Additionally, the SEC is scheduled to decide on adding staking features to the Franklin Spot Ethereum ETF on November 13th.
Fed Vice Chair Jefferson stated that interest rates are near neutral levels, emphasizing the need for caution in future policy decisions. New York Fed President Williams noted that the December rate decision will involve a balanced assessment of inflation and economic growth. Market pricing indicates a 45% probability of a rate cut in March 2026, up from 30% a month ago.
On November 7th, the S&P 500 gained 0.13%, standing at 6,728.80 points; the Dow Jones Industrial Average increased 0.16% to 46,987.10 points, and the Nasdaq Composite dropped 0.21% to 23,004.54 points.
Trending Tokens
COTI COTI (+49.51%, Circulating Market Cap: $123.66 Million)
COTI is trading at $0.05012, up approximately 49.51% in the past 24 hours. COTI is a fast and light confidentiality layer on Ethereum. Powered by the breakthrough cryptographic protocol Garbled Circuits and secured by Ethereum, COTI introduces the most advanced and compliant solution for data protection on the public blockchain. Paving the way for the next wave of Web3 innovation and adoption, COTI unlocks a whole new world of use cases, including confidential transactions, Artificial Intelligence, DeFi, decentralized identification, and more. COTI surged alongside Bitcoin’s push to $105k and Ethereum’s 7% gain on November 10. Real World Asset (RWA) and privacy tokens led the rebound after a month-long market slump. COTI’s privacy-focused infrastructure positions it as a high-beta play during risk-on rotations. The 1,581% spike in 24h trading volume ($174M) confirms speculative inflows.
STRK Starknet (+31.98%, Circulating Market Cap: $812.98 Million)
STRK is trading at $0.1782, up approximately 31.98% in the past 24 hours. StarkNet is a permissionless decentralized Validity-Rollup (also known as a “ZK-Rollup”). It operates as an L2 network over Ethereum, enabling any dApp to achieve unlimited scale for its computation – without compromising Ethereum’s composability and security, thanks to StarkNet’s reliance on the safest and most scalable cryptographic proof system – STARK. Starknet’s “BTCFi Season” initiative, launched in October 2025, allocates 100M STRK tokens (worth ~$17.6M) to attract Bitcoin liquidity into its DeFi ecosystem. This aligns with its recent integration of tBTC and native USDC on Starknet. Incentive programs historically boost Total Value Locked (TVL) and trading activity. Similar campaigns by Arbitrum/Optimism drove 50-100% TVL growth, creating buy pressure for STRK as participants accumulate tokens.
WLFI World Liberty Financial (+28.61%, Circulating Market Cap: $3.85 Billion)
WLFI is trading at $0.1568, up approximately 28.61% in the past 24 hours. World Liberty Financial (WLFI) is a decentralized finance (DeFi) protocol merging traditional banking infrastructure with blockchain technology, anchored by its USD1 stablecoin and $WLFI governance token. WLFI’s MACD histogram turned positive (+0.00099) for the first time in two weeks, signaling a bullish momentum shift. The RSI (14-day: 43.67) rebounded from oversold territory, while the price broke above its 7-day SMA ($0.1205). Technical traders likely interpreted these signals as a buying opportunity, especially with WLFI’s 24h trading volume surging 457% to $486 million. The absence of immediate resistance until the $0.169 Fibonacci extension level (127.2%) suggests room for further upside.
Market News
Bitcoin, Ethereum Surge as US Senate Advances Bill to End Government Shutdown
Bitcoin, Ethereum and other major cryptocurrencies surged on renewed optimism in global markets, buoyed by news that the U.S. government shutdown may end soon. Bitcoin climbed 4.4% in the past 24 hours to trade at $106,119 as of late Sunday night, while ether jumped 7.8% to $3,632. XRP gained 8.4%, BNB added 3.7% and Solana rose 7.8%.
The gains come amid a rebound in broader market sentiment following reports that U.S. Senators have reached a bipartisan funding deal, marking a first step toward ending the 40-day government shutdown. On Sunday night, the Senate voted 60-40 on legislation, which still needs to pass the House before heading to President Donald Trump's desk for signature.
Peter Chung, head of research at Presto Research, said that the political breakthrough has helped ease recent market pressures. “The prolonged shutdown had the effect of draining liquidity in the overnight funding market, contributing to market jitters over the last few weeks," Chung said. "The removal of this overhang paves the way for risk assets to price in a favorable macro environment — namely, looser monetary policy, conclusion of trade disputes, and likely fiscal pump-priming ahead of the mid-term election next year."
Over the weekend, U.S. President Donald Trump proposed using tariff revenues to distribute $2,000 dividend payments to Americans and to cover portions of their health care expenses, according to his post on Truth Social.
Ledger is Considering New York IPO or Fundraise as Demand for Hardware Wallets Climbs
Crypto hardware wallet company Ledger is reportedly planning to go public with an initial public offering (IPO) in New York or, alternatively, raise funds through a private financing round next year, according to the Financial Times.
Ledger’s CEO, Pascal Gauthier, disclosed this information to the Financial Times, adding that he is spending more time in New York because “money is in New York today for crypto; it’s nowhere else in the world, certainly not in Europe.”
The fundraising plans follow record revenues of triple-digit millions this year, driven by surging demand for secure custody solutions amid a sharp rise in crypto thefts.
“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, Gauthier told FT.
Ledger currently manages clients' bitcoin worth approximately $100 billion and was last valued at $1.5 billion in 2023 during a funding round that included names like 10T Holdings and Singapore's True Global Ventures. The company currently manages custody of approximately $100 billion worth of bitcoin for its clients and was last valued at $1.5 billion in 2023, following a funding round that included investors such as 10T Holdings and Singapore’s True Global Ventures.
Avalanche And Filecoin Launch Cross-Chain Data Bridge For Scalable Web3 Infrastructure
Ava Labs and the Filecoin Foundation have launched a native cross-chain data bridge between Avalanche C-Chain and Filecoin, powered by the Filecoin Virtual Machine (FEVM). This integration combines Avalanche’s fast, scalable execution with Filecoin’s decentralized storage layer, creating a modular foundation for verifiable, enterprise-grade data infrastructure.
As enterprise and financial institutions increasingly build on Avalanche, demand grows for reliable storage solutions that offer transparency, compliance, and long-term availability. Filecoin complements Avalanche by providing a decentralized archival layer designed to meet these needs without compromising speed or scalability.
The Avalanche–Filecoin bridge, developed by FIL-B and FilOz, enables smart contracts on Avalanche C-Chain to offload data to Filecoin for decentralized storage, while maintaining onchain access, verifiability, and low-latency performance. Here's what the flow looks like:
Data is generated on Avalanche: Onchain applications trigger storage through smart contracts.
Data is sent to Filecoin for archival: Ideal for logs, KYC files, or historical records that don’t require frequent access.
Cryptographic proofs verify integrity: Filecoin’s CID commitments and retrieval proofs ensure the data is stored unaltered, providing a tamper-proof audit trail.
Proofs are relayed back to Avalanche: Onramp contracts confirm successful storage, with payment settled natively on Avalanche.
This architecture does more than streamline storage, it introduces key functionality for developers and institutions building at scale. With cryptographic proofs continuously verifying data integrity, builders gain confidence that stored information remains traceable and tamper-proof. Compliance-related data, such as audit logs or KYC records, can be retained off-chain in an immutable format, easing the burden on Avalanche’s execution layer while meeting regulatory requirements.
At the same time, teams can significantly reduce storage costs by offloading archival or low-access data to Filecoin, preserving Avalanche’s performance for real-time operations. Because the design is modular and chain-agnostic, developers can stay within Avalanche’s high-speed environment while tapping into Filecoin’s decentralized storage network, enabling powerful multi-chain applications without compromising user experience or security.
Reference:
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CryptoQuant. (2025, November 10).
Bitcoin (BTC) realized cap. CryptoQuant.
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The Block. (2025, November 10).
Bitcoin, ethereum surge as senate advances bill to avert government shutdown. The Block.
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CoinDesk. (2025, November 10).
Ledger eyes new york IPO or fund raise: Report. CoinDesk.
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Ava Labs & Filecoin Foundation. (2025, May 27).
Avalanche and Filecoin launch cross-chain data bridge for scalable web3. Avalanche Network.
https://www.avax.network/about/blog/avalanche-and-filecoin-launch-cross-chain-data-bridge-for-scalable-web3
CoinCatch Team
Disclaimer:
Digital asset prices carry high market risk and price volatility. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance. CoinCatch is not responsible for any losses that may occur. This article should not be considered financial advice.
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