Bitcoin, Ethereum, Litecoin, XRP, SHIB, and ADA Gain: What’s Behind the Rally?

TLDR

• Bitcoin reaches $111K despite heavy ETF outflows, signaling recovery.
• Ethereum rises ahead of its Fusaka upgrade set for December 3, 2025.
• Litecoin attracts institutional interest with $486K inflows to its ETF.
• Shiba Inu price boosts following T. Rowe Price’s Spot SHIB ETF announcement.

In the midst of a week-long market dip, major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), XRP, Shiba Inu (SHIB), and Cardano (ADA) have seen notable price increases. Bitcoin’s price has surged past $111,000, while Ethereum’s value has climbed ahead of its highly anticipated Fusaka upgrade. Several factors are contributing to this upward movement, including institutional interest, upcoming network upgrades, and favorable regulatory developments.

Bitcoin’s Recovery Despite ETF Outflows

Bitcoin has experienced a 1% rise in the past 24 hours, reaching approximately $111,000 after initially trading at $106,000. Despite this positive movement, Bitcoin’s trading volume has decreased to $66 billion, reflecting a drop in daily activity. Over the past month, Bitcoin’s performance remains down by about 7.5%.

This uptick in price, however, comes amid significant outflows from U.S. spot Bitcoin ETFs. BlackRock’s IBIT, for example, recorded its largest single-day outflow in months, with around $290 million exiting on October 30.

Interestingly, these outflows are seen as short-term profit-taking by institutional holders. However, the announcement by JPMorgan to allow its high-net-worth and institutional clients to use Bitcoin and Ethereum as collateral for loans has renewed investor confidence. This shift has helped Bitcoin regain momentum, signaling a potential long-term positive outlook.

Ethereum Grows Ahead of Fusaka Upgrade

Ethereum has also seen a positive price movement, with an increase of 1.2%, reaching $3,817. While Ethereum’s weekly and monthly performance reflects some downturns, this latest surge is linked to the upcoming Fusaka upgrade scheduled for December 3, 2025. The Fusaka update will introduce EIP-7594 (PeerDAS), which aims to enhance data processing capabilities and scalability on the Ethereum network. Additionally, Ethereum’s block gas limit will increase from 30 million to 150 million, which is expected to improve network efficiency and reduce congestion.

This upgrade is expected to generate more interest in Ethereum as the market anticipates its potential benefits. As Ethereum continues to position itself as the leader in decentralized finance and smart contract technology, the Fusaka upgrade could provide significant improvements for developers and users alike.

Institutional Interest Drives Litecoin and XRP

Litecoin (LTC) has seen a 2.49% increase in the past 24 hours, outperforming the broader market. The rise in Litecoin’s price coincides with the Canary Capital Litecoin Fund (LTCC) attracting nearly $486,000 in inflows, bringing its total assets to $1.34 million. This inflow is a clear sign of growing institutional interest in Litecoin, suggesting that investors are starting to see more value in the digital asset.

Similarly, XRP has gained 1.66%, reaching $2.50, with its upward momentum linked to the potential launch of a spot XRP ETF. The Canary Capital Fund has updated its S-1 filing, removing a clause that had previously delayed the automatic approval of a spot XRP ETF. This change signals that XRP could soon gain greater exposure among U.S. investors, contributing to its recent price gains.

Shiba Inu and Cardano Join the Rally

Shiba Inu (SHIB) has also joined the price rally, seeing a 4% increase in the last 24 hours. The price boost is primarily driven by the announcement that T. Rowe Price plans to launch the first-ever U.S. Spot Shiba Inu ETF. This development is expected to provide SHIB with increased mainstream exposure, contributing to its price rise.

Cardano (ADA), though facing a 27% drop in trading volume, has still seen a modest gain of around 1%. This growth is attributed to renewed interest in Cardano as a blockchain platform for smart contracts and decentralized applications. As more investors and developers focus on Cardano’s ecosystem, the cryptocurrency may continue to see steady price movements in the coming weeks.

Regulatory Developments Fuel Market Sentiment

The broader crypto market is also benefiting from favorable regulatory developments. The U.S. Federal Reserve recently announced a second 25-basis-point rate cut for the year, lowering the benchmark interest rate to a range of 3.75–4%. This decision is expected to support riskier investments, including cryptocurrencies, by making alternative assets more attractive.

Additionally, the U.S. Senate Agriculture Committee is finalizing the Crypto Market Structure Bill, which could bring much-needed regulatory clarity to the industry. While it is unclear when the bill will be passed, the potential for more regulatory certainty has helped boost confidence in the market, supporting the rise in crypto prices.

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