XRP, Bitcoin, Ethereum Continue Declining Despite ETF News, Dogecoin Remains Stable
November 7, 2025
XRP, Bitcoin, and Ethereum have continued to see losses in the cryptocurrency market despite the recent influx of money into Bitcoin ETFs. In contrast, Dogecoin appears to be defying the downward trend, as it was the only top-10 token to experience gains.
On Thursday, Bitcoin ETFs saw an impressive $240 million in inflows, breaking a streak of over $2 billion in outflows that had persisted since late October. Similarly, Ethereum spot ETFs reversed course, experiencing $12.5 million in inflows following six consecutive days of outflows totaling nearly $1 billion.
Despite this brief relief, both Bitcoin and Ethereum struggled to maintain their gains, with Bitcoin trading at around $100,700, a 2.4% decrease over the last 24 hours. Ethereum also slipped by 3.4%, trading at approximately $3,280. The overall cryptocurrency market saw a decline of nearly 2% in the last day, with its market capitalization dropping to $3.4 trillion.
Among the major tokens, XRP led losses, dropping by more than 5%, while Dogecoin was the only token in the top 10 to gain, showing resilience in the face of broader market downturns. Despite these fluctuations, analysts offer differing perspectives on the future of Bitcoin.
JPMorgan analyst Nikolaos Panigirtzoglou predicts that Bitcoin could climb to $170,000 in the next six to 12 months, noting that it remains undervalued compared to gold. On the other hand, crypto analyst Scott Melker suggests that Bitcoin may be nearing a short-term bottom, with the Relative Strength Index indicating a potential reversal.
In the altcoin space, XRP saw significant losses, declining by more than 5% in the last 24 hours. Retail sentiment around Ripple’s native token improved to ‘bullish’ from ‘neutral’ over the past day. Despite market fluctuations, Dogecoin managed to gain 1% in the last day, showing some resistance to the overall downward trend.
In equities, shares of major players in the crypto space such as Strategy (MSTR) and Coinbase (COIN) saw mixed performance, with MSTR falling 1.2% and COIN decreasing by 0.2%. However, Ethereum-backed digital asset treasury firm Bitmine Immersion Technologies (BMNR) experienced a slight increase of 0.1%.
Overall, the cryptocurrency market continues to see volatility, with significant fluctuations in prices and market capitalization. While Bitcoin and Ethereum struggle to maintain their gains, Dogecoin stands out as a token that is defying the broader market trends. Analysts offer diverging perspectives on the future of Bitcoin, with some predicting further price increases while others remain cautious about potential drops below $100,000.
