The crypto market saw a mix of ups and downs over the past 24 hours. Some coins showed strength, especially Layer 2 tokens, which jumped with double-digit gains. Meanwhile, Bitcoin (BTC) barely moved, and Ethereum (ETH) dropped slightly.

Bitcoin had a rollercoaster ride this week. After dropping below $90,000 on Tuesday, it briefly recovered to $92,175 before falling again to $88,557. It later climbed back above $92,000 and is now trading around $92,076. Despite the swings, BTC is up slightly in the past 24 hours.

Ethereum followed a similar pattern. It dropped to $2,874 on Thursday but bounced back above $3,000. ETH is currently down about 1%, trading at $3,039.

Other major coins saw mixed results. Ripple (XRP) fell 1.32%, while Solana (SOL) gained over 2%, now trading at $143. Dogecoin (DOGE) was slightly down, and Cardano (ADA) ticked up to $0.469. Chainlink (LINK) and Polkadot (DOT) were up, but Stellar (XLM), Hedera (HBAR), Litecoin (LTC), and Toncoin (TON) saw noticeable drops.

Nvidia brought some good news to the tech and crypto markets. The chipmaker crushed expectations with record earnings for Q3, reporting $57 billion in revenue and a profit of $31.9 billion—both up over 60% from last year. This boosted investor confidence and helped push crypto-related stocks higher in after-hours trading. Nvidia shares rose 5% to $196, while companies like Coinbase (COIN), Circle (CRCL), and MicroStrategy (MSTR) also saw gains.

However, there was some turbulence caused by a major Cloudflare outage. This disrupted access to several crypto platforms and websites like Coinbase, Blockchain.com, BitMEX, Toncoin, and others. The issue stemmed from an oversized configuration file that caused a system crash. Cloudflare has since fixed the problem and is monitoring for any further errors.

A major development is coming for XRP fans: Bitwise is launching a spot XRP ETF on the New York Stock Exchange. It will trade under the ticker XRP and have a 0.34% management fee—waived for the first month on up to $500 million in assets. This ETF gives investors direct exposure to XRP and highlights the token’s fast transaction speeds and strong adoption in tokenization.

Bitcoin continues to face volatility. After dropping to an intraday low of $88,483 on Wednesday, it rebounded above $90K and is currently around $92,153—up nearly 1%. BTC is still struggling to break back above the $95K resistance zone. Spot trading volume has fallen by 2.3% to $83.8 billion as traders wait for clarity. However, futures volume is up by 15%, and open interest rose by nearly 4%—suggesting traders aren’t expecting a quick rebound.

Despite speculation about AI-related fears affecting BTC, analysts say these concerns are overblown. Nvidia’s strong earnings have helped ease talk of an “AI bubble.” Some experts believe BTC’s recent weakness stems more from liquidity delays and natural market cycles rather than external events like the U.S. government shutdown or AI hype.

Looking back at BTC’s price movement this week: it ended last weekend at $104,694, climbed to over $107K on Tuesday, then sharply dropped below $100K by Friday—hitting a low of $93,951 before bouncing back slightly. It’s now recovering slowly but still facing selling pressure.

Ethereum has also been volatile. After hitting a high of $3,583 last weekend, ETH faced strong selling pressure throughout the week, dropping to a low of $2,873 before recovering slightly to trade near $3,011. ETH showed some strength earlier this week but has struggled to hold gains amid market uncertainty.

In other news, BlackRock has quietly filed to create a new Ethereum trust in Delaware that may be used for staking-based ETFs in the future. This could be another step toward offering ETH staking exposure through traditional finance channels. While no launch date has been set yet, the move shows BlackRock’s continued interest in Ethereum.

Solana (SOL) has had a busy week with several new ETFs launching. These include VanEck’s VSOL, Fidelity’s FSOL, 21Shares’ TSOL, and Canary Capital’s SOLC with staking features. SOL ETFs have already drawn over $2 billion in investment. Fidelity’s entry is particularly noteworthy as it marks mainstream finance embracing Solana. SOL is currently seeing bullish momentum with technical indicators showing strong buying pressure.

SOL started last weekend strong at $164 but dipped as low as $130 during the week due to selling pressure. It bounced back above $140 and is now up over 3%, trading at around $141.

Celestia (TIA) has remained under bearish pressure. After dropping below $1 earlier this week, TIA continued sliding and is now trading around $0.760. Despite brief recoveries, sellers remain in control.

Arbitrum (ARB) also saw heavy selling throughout the week. After briefly rising above $0.30 on Monday, ARB fell steadily to a low of around $0.229 on Wednesday. It has bounced slightly in today’s session and is now trading at approximately $0.234.

Crypto markets remain highly reactive to both tech industry developments and internal volatility. As more ETFs roll out and institutional interest grows, investors are closely watching key resistance levels and looking for signs of a longer-term recovery trend.

Disclaimer: This content is for informational purposes only and should not be considered financial advice. Always do your own research before making investment decisions.