Der Solana-Kurs befindet sich im Aufwind, doch die schlechten Vorzeichen mehren sich und lassen einen baldigen Rücklauf vermuten.
Crypto market mixed as Bitcoin tests $93K, Ethereum and XRP hit major resistance
- Bitcoin price rose to near $93,000 on Friday before sell-off pressure resumed.
- Ethereum and XRP also climbed but faced key hurdles around $3,000 and $2.25.
- Sentiment remains downbeat across the crypto market despite notable gains for a few top altcoins.
The cryptocurrency market continued to witness a mixed outing on Friday, with Bitcoin retesting the $92,500 mark while Ethereum and XRP both broke to key resistance areas.
While gains indicated renewed investor optimism amid broader economic uncertainties, the swift retreat to below $91k for BTC highlights the fragile market sentiment.
Also, while Sky, Monero and Bitcoin Cash gained, Zcash, Dash and Aptos led the top losers in the leading 100 coins by market cap.
Bitcoin breaks to highs near $93k
Bitcoin’s price marked a decisive breach of the $92,500 resistance level by rising to near $93,000.
On Friday, the benchmark asset hit highs of $92,969 across major exchanges. However, the level has proved a robust barrier that means the quest to break higher towards the psychological $100 mark continues to evade bulls.
QCP Group analysts shared the short-term Bitcoin price outlook via an X post. They see mid-$90k levels as key supply wall zones, while major support remains in the $82k-$80k area.
“Options markets show caution even as year-end BTC call open interest stays heavy. Skew, IV and sentiment have softened, reinforcing a rangebound profile. Supply likely caps moves toward mid-90Ks, while support sits near 80–82K, leaving macro catalysts firmly in control of direction.”
Despite the dip to below $91k as of writing, BTC’s gains earlier in the day allowed layer-1 and layer-2 solutions on the Bitcoin network to post gains.
As noted, BounceBit and Stacks were among the Bitcoin ecosystem tokens to see an uptick.
But as prices have dipped again, rather than bounce higher, this latest move could be a dead cat bounce.
ETH and XRP face resistance
Like Bitcoin, Ethereum has struggled to sustain momentum. Recently, the top altcoin fell to lows of $2,600 after closing above $4,000 in late October. The breach of the $3,000 level threatened more pain for bulls.
However, after testing the demand reload zone, the ETH price has jumped back to the resistance area above $3,000.
That’s despite a 25% dip over the past month.
While prices are nearly 9% up in the past week, ETH’s inability to break higher reflects broader altcoin fatigue. Bitcoin’s drop to $90,504 at the time of writing suggests a potential downward cascade for ETH.
XRP has fared similarly, trading at $2.18 amid a 1.4% dip in the past 24 hours.
The token faces formidable overhead resistance at $2.25 and at $2.50. Per market data, the latter marks a level at which bulls have struggled since the crash on Oct. 10,2025.
The launch of spot XRP ETFs in recent days has failed to help bulls break higher.
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Emergency audit after the Upbit hack reveals internal wallet flaw
- Upbit patched a wallet flaw after a $30M Solana-related hack.
- Withdrawals were halted, and stolen funds were partly frozen following the attack.
- Authorities probe possible Lazarus Group involvement.
South Korea’s largest cryptocurrency exchange, Upbit, has revealed a serious internal wallet vulnerability while conducting an emergency audit in the wake of a $30 million hack.
The discovery comes as the company continues to investigate irregular Solana-based withdrawals that triggered the security review, raising concerns about potential risks to private keys within the platform’s wallet system.
Flaw discovered after emergency audit
The emergency audit, launched following the detection of abnormal activity on Nov. 26, uncovered a flaw in Upbit’s internal wallet software that could allow attackers to mathematically derive private keys by analysing blockchain transactions.
CEO Oh Kyung-seok, in a published announcement after the audit, explained that while blockchain data is normally public but secure, the company’s own wallet implementation produced weak and predictable signature data, creating the theoretical risk.
Upbit emphasised that the flaw was discovered only after the systemwide review and did not appear to be directly linked to the hack itself.
The exchange has since patched the vulnerability and conducted a comprehensive inspection of all related networks and wallet systems to ensure no further weaknesses remain.
Upbit to cover all losses using its own reserves
The Upbit hack, which resulted in losses totalling roughly 44.5 billion KRW, including approximately 38.6 billion KRW in customer assets, prompted immediate action from the exchange.
Withdrawals were suspended, and remaining assets were moved to cold storage to prevent further losses.
About 2.3 billion KRW of the stolen funds, equivalent to around $1.5 million, has already been frozen.
Oh Kyung-seok described the situation as a reminder that no security system can be considered completely infallible.
Kyung-seok has assured customers that Upbit would cover all losses using its own reserves and pledged to strengthen security measures across the platform.
The exchange has committed to resuming deposits and withdrawals only after the final verification of its wallet systems.
South Korean authorities are investigating the hack
South Korean authorities have launched an investigation into the incident, with early intelligence reports pointing to potential involvement by the North Korea-linked hacking group Lazarus.
While Upbit and regulators have not publicly confirmed this, the company continues to collaborate with law enforcement and blockchain projects to recover and freeze stolen assets wherever possible.
The incident has prompted Upbit to conduct a broader security review of its entire infrastructure.
The exchange noted that irregular withdrawals from Solana-related wallets, including tokens such as ORCA, RAY, and JUP, served as a catalyst for the emergency audit and subsequent vulnerability discovery.
By conducting a full overhaul of wallet systems, Upbit aims to prevent similar breaches in the future.
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Bitcoin cash holds above $500 as whales accumulate; analysts eye potential rally
- Bitcoin Cash (BCH) is well above the $500 threshold amid broader market fluctuations.
- This resilience signals potential confidence in potential to bounce higher.
- As the Bitcoin price rises above $92,000, what lies ahead for BCH?
Bitcoin Cash is trading at near $539, just in the green on the daily chart, and counting a modest $562 million in daily volume. The token, a fork of Bitcoin, crucially remains above the pivotal $500 mark.
The BCH token’s price stability comes after a period of consolidation, but can bulls take control of the situation?
In the past 24 hours, altcoins like Monero have soared to lead gainers.
As highlighted, XMR price has jumped in contrast to the downward action for Zcash. Bitcoin ecosystem tokens also surged as BTC price recovered to near $92,000 earlier in the day.
What’s bullish for Bitcoin Cash?
Bitcoin Cash traded at lows of $258 in April, but a steady climb amid overall bullish market sentiment saw BCH hit highs of $650 in September. While price has traded lower since, bulls managed to break higher off support in mid-October.
Several factors, such as Bitcoin’s rally and BCH adoption across payments, helped bulls.
Further network activities have bolstered Bitcoin Cash, in particular, smart contract capabilities, attracting developers and fostering ecosystem growth.
Institutional interest has also played a role.
Overall, buzz around spot exchange-traded funds approvals in key jurisdictions has funneled fresh capital into altcoins. BCH has thus remained mostly bullish despite macroeconomic uncertainty, including the US Federal Reserve rate cut.
Markets rebounded this week as top central bank officials urged the Fed to cut rates in December.
The price of Bitcoin and altcoins, including Bitcoin Cash, could surge as a result. Notably, cryptocurrencies gained as the US Dollar index risked further weakness on Friday.
BCH price forecast
On the daily chart, the Relative Strength Index (RSI) is at 53, suggesting neutral momentum.
The indicator aligns with potential room for upward mobility given a bullish divergence. Importantly, Bitcoin Cash’s perch above $500 reflects its foundational strengths. As such, market synergy could see BCH price eye more gains.
According to crypto analyst CW, whales have been busy around current BCH prices, and this could signal upcoming momentum.
“$BCH whales are preparing something,” the analyst posted on X. “Signals of a recent holdings exchange have been observed repeatedly. Just 3 hours ago, over 140k $BCH were traded in 1 hour.”
The analyst added:
“Whales are exchanging hands in the $525-$550 range. Once this process is complete, a full-scale rally [could] begin.”
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Amundi, Europe’s biggest asset manager, tokenises money market fund on Ethereum
- Amundi launches first tokenised money market fund on Ethereum.
- The tokenised MMF operates via a hybrid model with blockchain and traditional access.
- Blockchain enables 24/7 trading, instant execution, and transparent records.
European asset management giant Amundi has taken a major step into the digital finance era by launching the first tokenised share of its AMUNDI FUNDS CASH EUR money market fund on the Ethereum blockchain.
The tokenised fund marks a significant innovation in fund distribution and allows investors to hold fund units digitally while maintaining the traditional channels for accessing the fund.
A new digital frontier for money market funds
According to Amundi, the tokenised fund is built in collaboration with CACEIS, one of Europe’s leading asset-servicing providers.
CACEIS supplies the technology infrastructure required for tokenisation, including digital wallets for investors and a blockchain-based order platform that supports subscriptions and redemptions.
Jean-Pierre Michalowski, CEO of CACEIS, highlighted that the hybrid transfer agent service opens a new distribution channel, allowing clients to quickly and efficiently execute fund transactions via blockchain while paving the way for potential future operations in stablecoins or central bank digital currencies.
The first transaction of the tokenised share took place on November 4, 2025, and the fund is now distributed through a hybrid model.
This means that investors can continue to use conventional methods, but the new digital option enables fund units to be recorded as tokens on Ethereum, providing secure, transparent, and traceable transaction records.
Benefits of blockchain integration in MMFs
Blockchain technology provides multiple advantages for both investors and fund managers.
Orders can be executed instantly, operations can continue around the clock, and transactions are recorded with full transparency.
The tokenised model also opens the fund to younger and more digitally oriented investors, reflecting a shift in investor behaviour toward faster, more accessible financial products.
Amundi emphasised that the launch does not replace traditional fund access but instead provides an additional route for investors.
The hybrid approach ensures that the fund remains inclusive, combining the reliability of conventional distribution with the efficiency and innovation offered by blockchain technology.
Jean-Jacques Barbéris, Head of Institutional and Corporate Clients and ESG at Amundi, described asset tokenisation as a global transformation set to accelerate in the coming years, with this initiative serving as a practical demonstration of the firm’s expertise in implementing secure and robust blockchain applications in finance.
A growing trend in digital asset management
The launch comes amid a broader expansion of tokenised real-world assets.
Market data shows that the value of tokenised assets on blockchains rose sharply in 2025, from $15.2 billion at the beginning of the year to $37.1 billion by late November.
Ethereum, where Amundi’s fund is hosted, ranks second globally in the tokenised real-world asset space with a market cap of $12.4 billion.
The trend reflects increasing institutional interest in blockchain-based investment solutions and the mainstreaming of digital finance innovations.
Tokenised money market funds, in particular, have seen rapid adoption in recent years.
Industry data indicates that products from leading firms like BlackRock and Franklin Templeton now manage billions in digital assets, while total value locked in tokenised funds surged from around $770 million at the end of 2023 to nearly $9 billion by October 2025.
Amundi’s launch positions it as a front-runner in Europe, showcasing its commitment to leveraging digital innovation while maintaining robust regulatory and operational standards.
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