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Expert Says Ethereum Is Credible Bitcoin Rival
Ethereum has long been the second-largest cryptocurrency by market capitalization behind only bitcoin. But the gap is sizable. As of late October 17, bitcoin’s market cap was nearly five times that of its smaller competitor. For investors considering ether or ETFs such as the Invesco Galaxy Ethereum ETF (QETH), it’s worth noting that they’re not necessarily betting on crypto’s “second fiddle.” Rather, ether has significant long-term growth potential. If that potential is realized, it could validate patience exercised with QETH. The Invesco ETF has notched a solid year-to-date showing. But if some ... (full story)
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From fxstreet.com | Nov 2, 2025
Bitcoin (BTC) price edges below $109,000 at the time of writing on Monday, down 3.51% over the previous week. Ethereum (ETH) and Ripple (XRP) prices are near their key support levels, and a decisive close below could trigger a steeper decline. The momentum indicators for these top cryptocurrencies continue to weaken, suggesting a further correction this ...
Economic activity in the manufacturing sector contracted in October for the eighth consecutive month, following a two-month expansion preceded by 26 straight months of contraction, say the nation's supply executives in the latest ISM® Manufacturing PMI® Report. The report was issued today by Susan Spence, MBA, Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee. "The Manufacturing PMI® registered 48.7 percent in October, a 0.4-percentage point decrease compared to the reading of 49.1 percent recorded in September. The overall economy continued in expansion for the 66th month after one month of contraction in April 2020. (A Manufacturing PMI® above 42.3 percent, over a period of time, generally indicates an expansion of the overall economy.) The New Orders Index contracted for the second month in October following one month of growth; the figure of 49.4 percent is 0.5 percentage point higher than the 48.9 percent recorded in September. The October reading of the Production Index (48.2 percent) is 2.8 percentage points lower than September's figure of 51 percent. The Prices Index remained in expansion (or 'increasing' territory), registering 58 percent, down 3.9 percentage points compared to the reading of 61.9 percent reported in September. The Backlog of Orders Index registered 47.9 percent, up 1.7 percentage points compared to the 46.2 percent recorded in September. The Employment Index registered 46 percent, up 0.7 percentage point from September's figure of *US OCT. ISM MANUFACTURING INDEX FALLS TO 48.7; EST. 49.5 *US OCT. ISM MANUFACTURING NEW ORDERS RISES TO 49.4 VS 48.9 *US OCT. ISM MANUFACTURING EMPLOYMENT RISES TO 46 VS 45.3 *US OCT. ISM MFG PRICE INDEX FALLS TO NINE-MONTH LOW OF 58 
ISM: US manufacturing activity worsens in October Manufacturing activity in the United States followed a downward trajectory in October compared to the month prior, the Institute for Supply Management (ISM) announced in its report on Monday. The Manufacturing PMI stood at 48.7% in the reported month, falling 0.4% compared to September's figure of 49.1%. Meanwhile, the Employment Index increased 0.7% to 46%, while the Production Index retreated 2.8% to land at 48.2%. The New Orders Index was 0.5% higher compared to the previous month, settling at 49.4%, though it remained below the 50% threshold, indicating contraction. The Prices Index was 58%, decreasing 3.9% on a monthly basis. "In October, U.S. manufacturing activity contracted at a faster rate, with contractions in production and inventories leading to the 0.4-percentage point decrease of the Manufacturing PMI®. A chain reaction of one-month index improvements started with New Orders in August and flowed to Production in September," ISM Chair Susan Spence commented.
ISM: US manufacturing activity worsens in October Manufacturing activity in the United States followed a downward trajectory in October compared to the month prior, the Institute for Supply Management (ISM) announced in its report on Monday. The Manufacturing PMI stood at 48.7% in the reported month, falling 0.4% compared to September's figure of 49.1%. Meanwhile, the Employment Index increased 0.7% to 46%, while the Production Index retreated 2.8% to land at 48.2%. The New Orders Index was 0.5% higher compared to the previous month, settling at 49.4%, though it remained below the 50% threshold, indicating contraction. The Prices Index was 58%, decreasing 3.9% on a monthly basis. "In October, U.S. manufacturing activity contracted at a faster rate, with contractions in production and inventories leading to the 0.4-percentage point decrease of the Manufacturing PMI®. A chain reaction of one-month index improvements started with New Orders in August and flowed to Production in September," ISM Chair Susan Spence commented.
From fxstreet.com | Nov 3, 2025
The crypto market has recorded more than $1.20 billion in 24-hour liquidations from 319,433 positions on Monday, according to Coinglass data. The liquidation was spearheaded by over $1.1 billion in liquidated long positions with just $115.5 million in short liquidations. The high liquidations followed a quick crash in Bitcoin (BTC) and Ethereum (ETH), from ...
