Bitcoin closed below its 50-week moving average this week, the first breach during the current four-year cycle, according to crypto analyst Tony Severino. Historical data show previous breaks below this technical level preceded average declines of 62%, suggesting a potential drop toward $38,000. Momentum indicators have fallen to levels not seen in over 1,250 days, signaling extended weakness.

XRP trades at approximately $2.14 with a market capitalization of $128.7 billion, while Bitcoin holds a market cap of roughly $1.84 trillion—more than fourteen times larger. The token would need to climb to $30.61 per unit to equal Bitcoin's current valuation, according to MarketCapOf data. This comparison assumes no change in circulating supply or tokenomics.

Bitcoin has declined sharply in recent weeks, erasing hundreds of billions in market capitalization and reversing nearly a year of gains. The selloff stems from converging macro pressures including Federal Reserve policy reversal, elevated real yields above 5%, and aggressive distribution by long-term holders who sold approximately 815,000 BTC over thirty days, according to crypto analyst Tracy Shuchart.

Large Bitcoin movements tied to Strategy (formerly MicroStrategy) sparked speculation about potential sell-offs this week. Wallet-monitoring platforms flagged transfers exceeding 43,000 BTC, prompting Michael Saylor to publicly deny any sales and confirm the company continues accumulating Bitcoin.

Bitcoin could experience a significant decline following recent bearish trends, market analysts warn. Technical analysis identifies a descending channel pattern suggesting downward pressure, with potential support levels at $93,000 and $88,000. Long-term holders have sold over 390,000 BTC in recent months, contributing to selling pressure.

Crypto analyst Tara identifies the current Bitcoin pullback as a critical retracement that could establish the next major price floor. Elliott Wave analysis suggests BTC may complete Wave 5 around $94,000 before resuming its bullish trend. A temporary bounce to $104,000 is expected first, with the bottom formation anticipated to occur quickly once the $94,000 level is reached.

Ethereum met resistance near $4,200 at the 0.618 Fibonacci retracement level, prompting a pullback below $4,000. The rejection created a lower high on the 4-hour chart accompanied by increasing bearish volume, indicating heightened selling pressure. The asset now tests support at $3,900, with $3,385 representing the next key level if downward momentum continues.

Market expectations for a Federal Reserve rate cut at the October 29, 2025 FOMC meeting have surged to 98.3%, according to CME FedWatch Tool data. The anticipated reduction from the current 4-4.25% range could improve liquidity conditions for Bitcoin and cryptocurrency markets. Only a 1.7% probability remains for rates to hold at current levels, with zero likelihood of an increase.

Ethereum climbed above $4,100 over the weekend, extending its recovery from the $3,500 support zone established earlier this month. Crypto analyst Freedomby40 presented an Elliott Wave-based technical framework suggesting the asset may be entering a renewed impulse phase. Fibonacci extension targets range from $6,303 to a potential $16,077.