Bitcoin Ethereum XRP Slide as ETF Delay, Fed Meeting and Elections Keep Markets on Edge

Bitcoin Ethereum XRP Slide as ETF Delay, Fed Meeting and Elections Keep Markets on Edge

by | Oct 27, 2026 | Ethereum

Bitcoin Ethereum XRP remained under pressure on Monday, October 26, with all three tokens sliding as traders weighed a delayed leveraged ETF filing, an upcoming Federal Reserve meeting and U.S. midterm elections. Bitcoin traded at $79,979 on Binance at 08:22 UTC, roughly 6% below the prior Wednesday's high of $84,898, according to Finance Magnates.

Ether, XRP and Dogecoin each dropped to their lowest prices since August, Finance Magnates reported. The pullback comes even after Bitcoin gained more than 40% in the third quarter, its strongest quarter since late 2024, and stood only 0.4% lower in the month through October 20, per FM Intelligence data cited by the outlet.

Bitcoin Ethereum XRP Price Levels

Bitcoin closed at $81,189 on Friday and slipped below its 50-day exponential moving average, now near $80,793, over the weekend, according to Finance Magnates. Ether broke its October support near $2,393 and closed lower for four consecutive sessions, with Monday's candle red again at $2,314.

XRP was holding a support zone between $1.28 and $1.32 but traded below both its 50-day and 200-day exponential moving averages, a setup Finance Magnates described as leaving the token in a downtrend. It changed hands at $1.277 on Monday, down 1.3% on the day. Dogecoin had already broken support at $0.080 and traded near $0.077, also below both key averages.

Some traders see value at current levels despite the slide. "We favor buying dips to $80k and owning tail risk puts on these prices," Anderson said, according to Finance Magnates.

GraniteShares Delay Adds to Caution

GraniteShares filed a post-effective amendment with the U.S. Securities and Exchange Commission on October 26, pushing the effective date of an earlier registration amendment to November 30, 2026, Coinpedia reported. Eight proposed funds are named in the document, among them 3X long and 3X short daily products tied to XRP, Bitcoin, Ether and Solana.

The funds would rely on derivatives including swaps and futures, aiming to deliver three times the daily move of the underlying assets in either direction. The document states its purpose is to delay the effective date, and it does not say the SEC rejected the products or give a reason for the revised timeline, according to Coinpedia. The November 30 date also does not guarantee all eight funds will begin trading that day.

Elections and Fed Meeting Loom

The delay lands eight days ahead of the November 3 midterms, a vote in which every one of the 435 House seats and 35 Senate seats will be contested, Coinpedia reported. The results could shape control of Congress and future crypto rules, leaving some investors reluctant to add risk until the political picture clears.

The Federal Reserve's October 27 to 28 meeting adds another layer of uncertainty. The central bank is widely expected to hold interest rates at 3.75% to 4.00%, but any unexpected signal on future rate moves could ripple through crypto prices, according to Coinpedia.

XRP Correlation and ETF Flows

XRP's relative calm earlier in the week had fueled talk that the token might be decoupling from Bitcoin, but the underlying data points the other way, according to 24/7 Wall St. XRP's daily returns over the seven days ending October 25 showed a 0.97 correlation with Bitcoin, meaning the two moved almost in lockstep even as XRP fell less.

The longer-term readings tell a similar story, with correlations of 0.91 over 30 days, 0.89 over 90 days and 0.85 historically, the outlet reported. Over the past 30 days, XRP has dropped 18.8% against Bitcoin's 5% decline, and over the past year it has lost 49.8% compared with Bitcoin's 27.7% decrease, suggesting XRP tends to track Bitcoin but fall harder in downturns.

Spot XRP ETF activity has also cooled. The funds traded only $18.8 million on October 23, down from more than $102 million on October 2, and combined net assets fell to $1.48 billion by October 23 from $1.77 billion a month earlier on September 25, with price declines outweighing roughly $4.3 million in net inflows from October 19 to October 23, 24/7 Wall St. reported.

Reports of rising XRP margin shorts on Bitfinex, from approximately 148,850 to around 300,000 in under two weeks, could set up a short squeeze if the token rallies, though those figures are unconfirmed, the outlet noted. Attention now turns to the Ripple Swell conference from October 27 to 29 in New York, held alongside the XRPL Apex developer event, where any payments or tokenized asset agreements on the XRP Ledger could generate demand independent of Bitcoin.

Conclusion

Bitcoin, Ethereum and XRP enter a packed week at multi-month lows, with the Federal Reserve's October 27 to 28 decision and the November 3 midterm elections the next clear catalysts. GraniteShares' eight leveraged crypto ETFs are now slated for effectiveness on November 30, 2026, though trading on that date is not assured. For XRP, 24/7 Wall St. reported the token would need sustained spot ETF inflows and closes above its 50-day average near $1.41 on days Bitcoin falls to signal genuine separation.

Frequently Asked Questions

Why did Bitcoin, Ethereum and XRP fall on October 26, 2026?

Finance Magnates reported Bitcoin at $79,979 on Binance at 08:22 UTC on Monday, about 6% below the prior Wednesday's high of $84,898, while Ether, XRP and Dogecoin hit their lowest prices since August. Traders cited caution ahead of the Federal Reserve's October 27 to 28 meeting and the November 3 U.S. midterm elections.

What did the SEC delay for GraniteShares' 3X leveraged crypto ETFs?

GraniteShares filed a post-effective amendment on October 26 delaying the effective date to November 30, 2026, for eight proposed 3X long and 3X short daily ETFs tied to XRP, Bitcoin, Ether and Solana, Coinpedia reported. The filing did not say the SEC rejected the products, and the November 30 date does not guarantee trading begins then.

Is XRP decoupling from Bitcoin in October 2026?

No, according to 24/7 Wall St. XRP's daily returns showed a 0.97 correlation with Bitcoin over the seven days ending October 25, with readings of 0.91 over 30 days and 0.89 over 90 days. XRP fell 18.8% over 30 days against Bitcoin's 5% decline, indicating it tracks Bitcoin and often drops more sharply.

What is the Federal Reserve expected to decide at its October 27-28, 2026 meeting?

The Fed is widely expected to keep interest rates at 3.75% to 4.00%, according to Coinpedia. Any unexpected signals about future rate changes could affect crypto prices, adding to market uncertainty already tied to the November 3 midterm elections.

How much did spot XRP ETFs trade and hold in late October 2026?

Trading in spot XRP ETFs thinned to just $18.8 million by October 23, a steep drop from the more than $102 million seen on October 2, 24/7 Wall St. reported. Combined net assets fell to $1.48 billion by October 23 from $1.77 billion on September 25, as price declines outweighed roughly $4.3 million in net inflows during the week of October 19 to 23.

Sources

Read Also

Bitcoin, Ethereum, XRP Hold Gains After Brief Bounce as Crypto Prices Stabilize

Bitcoin, Ethereum, XRP Hold Gains After Brief Bounce as Crypto Prices Stabilize

by | Oct 21, 2026 | Ethereum

Bitcoin, Ethereum and XRP held gains on Wednesday after a brief bounce, with the largest cryptocurrency trading above $83,000 and altcoins following a similar path. Bitcoin was quoted at $83,187 by Mitrade and near $82,930 by TradingPedia, while CryptoRank put the price around $82,704, with all three outlets describing a market attempting to stabilize after recent volatility.

The move matters because the three largest cryptocurrencies are all sitting at technical levels that could determine whether the crypto market recovers or slides further, according to Coinpedia. CryptoRank said the next phase of recovery depends on Bitcoin's ability to break above key resistance levels.

Bitcoin, Ethereum, XRP prices on Wednesday

Ethereum hovered at $2,455, up for a second straight day, while XRP ticked higher near $1.35, Mitrade reported. CryptoRank put ETH at $2,448.81, up 1.76%, and XRP at $1.33, up 2.65%, and said Solana traded near $106.09 after advancing 1.11% over 24 hours.

TradingPedia said the three largest cryptocurrencies were holding relatively steady after closing higher the previous day, with Bitcoin near $82,930 and XRP around $1.333 after a gain of more than 2% on Tuesday. CryptoRank said the modest gains across Ethereum, XRP and Solana showed the positive price action was not limited to Bitcoin.

Smaller tokens outperformed the majors. Pyth Network led gainers with a jump of more than 11%, followed by LayerZero and Zcash, which each surged more than 9%, while Worldcoin and Pepe added more than 8%, according to CryptoRank. Morpho fell more than 7.6%.

Recovery remains uneven across altcoins

CryptoRank said Ethereum, XRP and Solana have all shown recovery over the past several months, but the rebound has not been uniform. Solana maintained a stronger overall performance despite pulling back from its October highs, while XRP gave back much of its earlier recovery and hovered close to the zero-performance line.

CryptoTicker data painted a weaker longer-term picture, showing XRP down almost 30% in 2026 and Solana off 16%, with Dogecoin and Cardano each having lost more than a third of their value. The outlet said the coins being hit hardest, including XRP, Dogecoin and Cardano, are the ones that trade mostly on sentiment.

The divergence suggests the recovery has not been uniform across major altcoins, CryptoRank said, with several smaller-cap tokens outperforming the broader market while others face selling pressure.

Low participation and mixed ETF flows

K33 Research said in its weekly Ahead of The Curve report that "Bitcoin spent another week in tight consolidation with shrinking volumes, soft derivatives activity and narrowing volatility." The firm added that "Price kept drifting lower and briefly dipped below $80,000 on Thursday as equities sold off on a hot Consumer Price Index (CPI) print and a steep semiconductor sell-off."

K33 said low participation remains the dominant theme and that it still views the current regime as similar to the dormant 2023 recovery, according to Mitrade. Glassnode, in an October 19 assessment cited by CryptoTicker, said the heavy selling of early October has slowed but there is not enough demand from spot buyers or ETF investors to fuel a recovery.

Fund flows were mixed. Bitcoin spot ETFs recorded $23 million in inflows on Tuesday, down sharply from $527 million on Monday, while Ethereum spot ETFs saw $26 million in outflows, extending a five-day bearish streak, according to SoSoValue data cited by Mitrade. XRP spot ETF activity has been erratic, with outflows of $105,000 and $2.5 million on Thursday and Friday last week.

Technical levels for Bitcoin, Ethereum, XRP

Bitcoin held above its key exponential moving averages, with the 50-day EMA around $80,780, the 100-day near $77,343 and the 200-day near $76,098 all sitting below spot price, Mitrade reported. TradingPedia said initial support lies near the 50-day EMA around $80,769, with further demand at the 200-day EMA at $76,090 and the 50% Fibonacci retracement at $77,862.

On the upside, TradingPedia said Bitcoin could first confront resistance at the 78.6% Fibonacci retracement level at $89,337 if the recovery continues. CryptoRank identified resistance near $84,000 as Bitcoin's next test, and said a decisive daily close below $80,500 could expose the token to further downside toward $76,250 and $75,180.

Ethereum remained sandwiched between key moving averages, holding above the 100-day and 200-day EMAs at $2,363 and $2,307 but capped by the 50-day EMA at $2,481, according to Mitrade. TradingPedia said a decisive daily close above $2,480 could reopen the path toward the August 21 high near $2,546 and the September 21 high around $2,807, while a break below the 200-day EMA near $2,326 would point to a deeper retracement toward $2,157.

XRP traded at $1.34, capped below the 50-day and 200-day EMAs around $1.38, Mitrade reported. TradingPedia said XRP would need to reclaim the 50-day and 200-day EMAs at approximately $1.3748 and $1.3954 for a more durable bullish structure to reassert itself.

Analysts flag $81,000 as make-or-break level

Analysts Ali Martinez and Gareth Soloway both identified $81,000 as the important level for Bitcoin, Coinpedia reported. Martinez said all three major tokens could rebound, "but only if these levels hold."

Martinez said $81,000 marks the bottom of Bitcoin's rising channel on the daily chart, and that if buyers defend it, BTC could move to the middle of the channel at $84,000 and then to the top at $86,500. A break below $81,000 would shift focus to $76,000, he said.

Soloway said Bitcoin's bullish structure is intact, though he called the price action not the healthiest, noting that BTC has held up despite the slide in AI stocks and the Nasdaq, according to Coinpedia. For Ethereum, Soloway pointed to $2,350 as the support line to watch, with a bounce potentially taking ETH to $2,700 or as high as $3,000, while a daily close below that level would bring $2,000 into focus.

Conclusion

Bitcoin, Ethereum and XRP held their gains on Wednesday after a brief bounce, with Bitcoin above $83,000 and altcoins posting modest advances. Whether the recovery extends depends on Bitcoin clearing resistance near $84,000, according to CryptoRank, while Martinez and Soloway both see $81,000 as the level that must hold to avoid a slide toward $76,000. Traders are also watching the Federal Reserve's October 27 and 28 meeting, with global conditions and Fed policy adding uncertainty to the market's next move.

Frequently Asked Questions

What price was Bitcoin trading at on October 21, 2026?

Bitcoin traded above $83,000 on Wednesday, October 21, 2026, with Mitrade quoting $83,187 and TradingPedia citing roughly $82,930. CryptoRank put the price near $82,704, describing a market consolidating above the $80,500 to $81,500 support zone after recent volatility.

Why is the $81,000 level important for Bitcoin?

Analysts Ali Martinez and Gareth Soloway both identified $81,000 as the key level for Bitcoin, according to Coinpedia. Martinez said it marks the bottom of Bitcoin's rising channel on the daily chart; holding it could send BTC toward $84,000 and $86,500, while a break below would shift focus to $76,000.

How did Ethereum and XRP perform on October 21, 2026?

Ethereum hovered at $2,455, up for a second straight day, while XRP ticked higher near $1.35, Mitrade reported. CryptoRank recorded ETH up 1.76% at $2,448.81 and XRP up 2.65% at $1.33. Both tokens remained capped below their 50-day EMAs despite the bounce.

What did K33 Research say about Bitcoin's consolidation?

K33 Research said Bitcoin spent another week in tight consolidation with shrinking volumes, soft derivatives activity and narrowing volatility, and that price briefly dipped below $80,000 on Thursday as equities sold off on a hot CPI print and a steep semiconductor sell-off. The firm said low participation remains the dominant theme.

What resistance levels must XRP clear to turn bullish?

XRP traded near $1.33 to $1.34, capped below its 50-day and 200-day EMAs around $1.38. TradingPedia said XRP would need to reclaim those EMAs at approximately $1.3748 and $1.3954 for a more durable bullish structure. Mitrade flagged further resistance at the SuperTrend line near $1.47 and a descending trendline near $1.70.

Sources

Bitmine Ethereum Treasury Hits 6.04M ETH as Firm Nears 5% Supply Goal

Bitmine Ethereum Treasury Hits 6.04M ETH as Firm Nears 5% Supply Goal

by | Oct 21, 2026 | Ethereum

Bitmine Immersion Technologies said on October 19 that its Bitmine Ethereum treasury reached 6,041,481 ETH as of October 18, after the company added 12,535 ETH during the preceding week. The purchase, valued at roughly $30 million at the reported reference price, lifted the NYSE-listed firm's holdings to about 4.9% of the total Ethereum supply of 122.1 million ETH.

The update matters because it puts the largest corporate holder of Ether within reach of its stated goal of owning 5% of all ETH. Based on the reported supply and treasury figures, Bitmine needs roughly 63,500 more ETH to cross that threshold, a gap Chairman Tom Lee put at about 100,000 ETH in an October 7 video message.

Weekly buying pace

The company has bought ETH every week since launching its ETH treasury strategy on June 30, 2025, according to the announcement. Lee said the firm's record of consistent crypto purchases is unmatched by any public company, and the latest disclosure showed the Bitmine Ethereum treasury kept growing even as prices fell.

Bitmine valued its ETH at $2,365 per token using Coinbase prices, down from $2,544 in the prior weekly update. That decline meant the dollar value of the broader portfolio fell even as the token count rose: total crypto, cash, marketable securities and strategic investments dropped to $15.1 billion on October 18 from $16.2 billion on October 11, a decline of about $1.1 billion over the week.

The Bitmine Ethereum treasury has been growing in token terms even as its value in dollars has shrunk, 24/7 Wall St. reported, estimating the company has been accumulating about 10,000 ETH weekly despite the falling price. The latest 12,535 ETH addition was consistent with that pace.

Staking and the MAVAN platform

Of the 6.04 million ETH on the balance sheet, 5,067,309 ETH, or about 84% of the total, was staked as of October 18, a position valued at $12 billion at the $2,365 reference price. Lee said Bitmine has staked more ETH than any other entity in the world.

The staked position runs through MAVAN, the Made in America VAlidator Network, an institutional-grade staking platform Bitmine launched earlier in 2026. Originally built to support the company's own treasury, MAVAN now also caters to outside institutions, custodians and ecosystem partners looking for staking infrastructure, and a portion of Bitmine's ETH is already staked on the platform.

At the current scale, Bitmine projects annualized staking revenue of $309 million based on the 5.1 million ETH now staked. If the full treasury were staked through MAVAN and its partners, the company estimates the annualized staking reward would reach $369 million, using a 2.58% seven-day BMNR yield.

Portfolio beyond Ether

Beyond ETH, the October 19 disclosure listed 215 Bitcoin, a $180 million stake in Beast Industries, a $74 million position in Eightco Holdings and $582 million in cash and marketable securities. Bitmine describes the Beast Industries and Eightco holdings as "moonshot" investments, and says the Eightco stake makes it one of the only publicly listed equities offering indirect exposure to OpenAI.

The company, which began as a Bitcoin miner, reported net income of $328.2 million for the fiscal year ended August 31, 2025, according to 24/7 Wall St. It joined the Russell 1000 large-cap index in late June 2026, and its Series A Preferred Stock trades on the NYSE under the symbol BMNP.

Bitmine says its holdings make it the number one Ethereum treasury and the second-largest crypto treasury globally, behind Strategy Inc., which reportedly holds 848,250 BTC valued at approximately $74 billion. The company counts ARK's Cathie Wood, Founders Fund, Pantera, Kraken, Galaxy Digital, Bill Miller III and Lee himself among its institutional backers.

Lee ties Bitmine Ethereum treasury buying to bull case

Lee framed the continued accumulation against a recent pullback in risk assets. He said investor risk appetite contracted in recent weeks on worries over AI funding and model safety, escalating US-Iran war activity, anxiety ahead of US midterm elections and rising global bond yields, triggering selloffs in AI, semiconductor and memory stocks and in the Korean and Taiwan markets.

Because crypto is widely held in the US, Korea and Taiwan, de-risking in those regions creates "spillover pressures in crypto markets," Lee said. He added that when fundamentals remain strong while prices fall, such periods have historically offered attractive risk-reward opportunities.

"We believe Bitmine is positioned to outperform the crypto bull market that we expect to be coming, as the company has strengthened its competitive position over the past year in the midst of a crypto winter (bear market)," Lee said. In an October 7 chairman's message titled "Crypto Bull Underway – This Cycle Likely the Largest," he argued a full-blown crypto bull market is underway and that the Bitmine Ethereum treasury could deliver returns beyond those of ETH itself as the 5% target approaches.

Lee has also tied the stock directly to Ether's price, saying Bitmine is 90% correlated to ETH and that a move to $22,000 per ETH would imply $300 to $500 per Bitmine share. He said the company outperformed Ethereum by 48,000 basis points in 2025 and began a stock buyback on July 14, near the lows.

Skeptics and the 5% question

Not all coverage has endorsed the strategy. 24/7 Wall St. noted that Bitmine shares traded at $21.29 before the open on October 20, a 21.6% year-to-date decline that is worse than ETH's 19.3% drop, and that the company is currently valued at about $13 billion, below the $15.1 billion value of its holdings. The outlet also pointed out that Lee's past comment that "history shows crypto prices stage V-shaped recoveries" came from an executive whose position benefits from positive price movement.

Questions also remain about what happens at the 5% line. Lee previously described the threshold as a clear cap at which buying would stop, and a recent weekly release added forward-looking language suggesting management views Bitmine as largely finished buying ETH. The October 19 release did not resolve whether the company will keep purchasing until it reaches 5% or describe the strategy differently, and no completion date has been announced.

For the market, the stakes are concrete: a weekly update showing the Bitmine Ethereum treasury stuck at 6.04 million could signal that Ethereum's largest corporate buyer has stopped adding, 24/7 Wall St. reported. Crypto Briefing said fresh word from Bitmine on whether it plans to keep accumulating or shift strategy could sway market sentiment and prices.

Conclusion

Bitmine's October 19 disclosure confirms the Bitmine Ethereum treasury at 6,041,481 ETH, about 4.9% of supply, with 5,067,309 ETH staked and a total portfolio valued at $15.1 billion. The company remains roughly 63,500 ETH short of its 5% goal, and Lee has said the buying will stop once that level is reached.

The next concrete marker is the company's weekly holdings update, which will show whether Bitmine resumed buying after the 12,535 ETH addition or whether accumulation has paused near the threshold. No date has been announced for reaching 5%.

Frequently Asked Questions

How much Ethereum does Bitmine hold as of October 18, 2026?

Bitmine reported holding 6,041,481 ETH as of October 18, 2026, valued at $2,365 per token using Coinbase prices. The company added 12,535 ETH during the preceding week and describes the position as roughly 4.9% of Ethereum's total supply of 122.1 million ETH.

How close is Bitmine to its 5% ETH supply target?

At 6,041,481 ETH, Bitmine holds about 4.9% of the reported 122.1 million ETH supply, leaving a gap of roughly 63,500 ETH to the 5% threshold. Lee said in an October 7 video message that the company needed about 100,000 more ETH. No completion date has been announced.

How much ETH has Bitmine staked and what revenue does it expect?

Bitmine has staked 5,067,309 ETH, about 84% of its holdings, valued at $12 billion. The company projects $309 million in annualized staking revenue at current levels, rising to an estimated $369 million if the full treasury were staked through its MAVAN platform and partners.

What is Bitmine's MAVAN staking platform?

MAVAN, the Made in America VAlidator Network, is an institutional-grade Ethereum staking platform Bitmine launched earlier in 2026. Built initially for the company's own treasury, it now serves institutional investors, custodians and ecosystem partners, and a portion of Bitmine's ETH is already staked on it.

Will Bitmine stop buying ETH after reaching 5%?

Lee has described the 5% ownership threshold as a clear cap at which further acquisitions would cease, and a recent release suggested management views the company as largely finished buying. The October 19 update did not clarify whether purchases will continue until 5% is reached.

Sources

Solana DEX Volume Tops Ethereum 2.22x on One-Eighth the Capital

Solana DEX Volume Tops Ethereum 2.22x on One-Eighth the Capital

by | Oct 19, 2026 | Ethereum

Tokens worth $1.57 billion changed hands on Solana's decentralised exchanges in the 24 hours to Monday morning, October 19, more than double the $706 million recorded on Ethereum over the same period, according to CryptoTicker, citing DefiLlama data queried that morning. The Solana DEX volume came to $1.566 billion across all of the network's exchanges combined, even though its applications hold only about an eighth of the capital committed on Ethereum.

The divergence matters because it separates two stories that are often conflated: how much trading a network hosts and how much capital investors have committed to it. Sunday's turnover on Solana ran at 2.22 times the Ethereum figure, and the weekly comparison shows that lead growing, CryptoTicker reported.

Solana DEX Volume Against Committed Capital

Measured by total value locked, the capital investors have committed to a blockchain's applications, Ethereum holds $49.86 billion against Solana's $5.89 billion, which works out to roughly eight and a half times as much. Two networks whose committed capital differs by a factor of eight therefore come out in reverse order on trading volume.

Setting a day's trading against committed capital yields a turnover figure that the usual dashboards do not carry: it shows how frequently a single dollar changes hands within 24 hours. Solana's calculation divides $1.566 billion of volume by $5.89 billion of locked capital, giving 26.6 percent, meaning roughly a quarter of all committed capital passes through trading daily. Ethereum's equivalent math divides $706 million by $49.86 billion, giving 1.4 percent, which puts Solana's turnover around 19 times as high.

Across the full week, trading on Solana totalled $14.03 billion, 22.6 percent higher than the prior week. The same query for Ethereum shows a 20.5 percent daily increase to $705.9 million, while its weekly total of $8.07 billion was just 1.2 percent higher than the week before, CryptoTicker reported.

Why Cheap Blocks Drive Turnover

Turnover, taken as a metric, carries no verdict in either direction; it simply describes how a network is built. A high reading indicates heavy trading activity resting on a small capital base, while low turnover means capital sits and works rather than being moved.

A transaction on Solana costs fractions of a cent and a block closes in under a second, conditions under which a trade pays off at tiny price differences. Under those conditions, bots and aggregators repeatedly purchase an identical token on one venue and offload it on another within the same day, capturing spreads of only a few tenths of a percent each time, and each of those passes registers as volume in the statistics even though no fresh capital has flowed into the network, CryptoTicker reported.

The stablecoin base on Solana, money standing ready in dollar-pegged tokens such as USDC, came to $15.49 billion on Monday, around two and a half times the network's $5.89 billion in committed capital. Ethereum, by comparison, holds $144.04 billion in stablecoins against committed capital of $49.86 billion, a ratio of just under 3 to 1. On Solana an above-average share of money is parked in trading liquidity and a below-average share is tied up in lending and yield applications.

Committed Capital Counted in SOL

A dollar-measured TVL blends two components: the quantity of tokens deposited and the market price of those tokens, so the figure drops when the price falls even if nobody withdraws. CryptoTicker divided DefiLlama's daily TVL by CoinGecko's daily closing price over the past 120 days to strip out the price effect.

The result shows committed capital corresponded to 55.68 million SOL on October 19, down from 57.04 million on October 18 and 56.47 million on October 10. Looking back 90 days to July 21, the network held 63.75 million SOL, while the window's peak of 69.08 million was set on June 25. From that high, 19.4 percent of the deposited tokens have left in not quite four months, independent of the price, and on only 20 of 120 days was the figure lower than Monday's.

The counter-calculation separates the price problem from the quantity problem. From Sunday to Monday the SOL price rose 2.4 percent, from an average of $103.36 to $105.80, while committed capital slipped from $5.896 billion to $5.890 billion, a decline from 57.04 million to 55.68 million when counted in SOL. Daily volume picked up by a quarter over the same stretch, meaning the price rise came with more trading but less deposited capital, CryptoTicker reported.

Fees, Price Levels and ETF Flows

High turnover generates income. Fees accruing on the Solana blockchain added up to $9.71 million in the 24 hours to Monday morning and $79.76 million over seven days, according to DefiLlama data cited by CryptoTicker. Measured against committed capital of $5.89 billion, the daily figure amounts to a rate of 0.16 percent, which annualised puts it in the order of 60 percent of the capital committed today, an arithmetic check rather than a forecast because fees swing with trading. The check shows what the turnover ratio means economically: a network with little committed capital and a lot of trading earns from movement, not from sitting still.

SOL stood at $105.80 on Monday morning, 2.7 percent above the previous day but still 6.0 percent below its level a week ago, according to CoinGecko data as of October 19, 8:45 UTC. In the 24 hours to Monday morning the low was $100.48 and the high $106.05, leaving the price 5.3 percent above the daily low and 0.2 percent below the daily high. Solana's market capitalisation stood at $62.4 billion, with 589.4 million SOL in circulation out of a total of 636.0 million.

To the upside the next marker is the level of October 12, when SOL averaged $111.25 over the day; to the downside the round $100 stands, and its defence has now been running for five days. SOL remains 63.9 percent below its all-time high of $293.31 reached on January 19, 2025.

Fund flows tell a parallel story. Investors withdrew about $1 billion from spot Ethereum and Solana ETFs from October 1 to 16, with Ethereum funds seeing net outflows of $954.8 million and Solana funds $54.9 million, AOL reported. Relative to fund size, Ethereum's outflow represents about 6.4 percent of its $14.95 billion in net assets, while Solana's stands at about 3.4 percent of $1.62 billion, suggesting Ethereum ETF holders are exiting faster despite Solana's longer outflow streak. Solana's last ETF inflow was $1.3 million on October 2.

Alpenglow Upgrade and What Comes Next

Solana's Alpenglow upgrade on October 21 is the next catalyst, according to AOL, which described it as an update aimed at improving how validators reach consensus on new transactions. A positive ETF session afterward, the first inflow since October 2, would be the clearest sign buyers have returned, AOL reported, adding that investor enthusiasm for Solana ETFs remains muted.

Over the past 90 days Solana returned 36.7 percent compared with Ethereum's 29.3 percent, and it held its key support level during the recent decline, AOL reported. From the newsroom's point of view, CryptoTicker wrote, the turnover carries the story of Solana as the fastest trading venue, but it does not carry the story of capital inflows: volume rose 22.6 percent over seven days while committed capital counted in SOL fell and the price lost 6.0 percent.

Sunday's emission question also remains open, because no vote has been held on proposal SIMD-0550 since, CryptoTicker reported. If volume rises while TVL falls, turnover grows and the network lives more off short-term trading.

Conclusion

The week's opening established a clear split: Solana's decentralised exchanges turned over $1.566 billion in 24 hours, 2.22 times Ethereum's volume, on $5.89 billion of committed capital against Ethereum's $49.86 billion, a turnover rate of 26.6 percent against 1.4 percent. Counted in tokens rather than dollars, Solana's committed capital has fallen 19.4 percent from its June 25 high, even as trading rose 22.6 percent week on week.

The next concrete marker is the Alpenglow upgrade on October 21, followed by whether Solana ETFs record their first inflow since October 2. A vote on emissions proposal SIMD-0550 also remains pending.

Frequently Asked Questions

How much did Solana DEX volume reach on October 19, 2026?

Tokens worth $1.57 billion changed hands on Solana's decentralised exchanges in the 24 hours to Monday morning, October 19, with the combined figure across all Solana DEXs at $1.566 billion, according to DefiLlama data cited by CryptoTicker. Ethereum recorded $706 million over the same period.

How does Solana's committed capital compare with Ethereum's?

Ethereum holds $49.86 billion in total value locked against Solana's $5.89 billion, a ratio of 8.5 to 1 in Ethereum's favour. Despite that gap, Solana traded 2.22 times Ethereum's DEX volume on Sunday, giving it a daily turnover of 26.6 percent of committed capital versus Ethereum's 1.4 percent.

What is daily turnover and why is Solana's 26.6 percent significant?

Daily turnover sets a day's trading volume against committed capital, showing how often the same dollar moves in a day. Solana's 26.6 percent means roughly a quarter of all committed capital passes through trading daily, around 19 times Ethereum's rate, reflecting a design where cheap, sub-second transactions make small-spread trading viable.

How much have Solana and Ethereum ETF investors withdrawn in October 2026?

Investors withdrew about $1 billion from spot Ethereum and Solana ETFs from October 1 to 16, AOL reported. Ethereum funds saw net outflows of $954.8 million, about 6.4 percent of their $14.95 billion in net assets, while Solana funds lost $54.9 million, about 3.4 percent of $1.62 billion.

When is Solana's Alpenglow upgrade and what would signal renewed demand?

The Alpenglow upgrade is scheduled for October 21, 2026, and is aimed at improving how validators reach consensus on new transactions, according to AOL. The clearest sign that buyers have returned would be a positive Solana ETF session afterward, the first inflow since a modest $1.3 million on October 2.

Sources

JPMorgan to Bring JPM Coin Deposit Token to Ethereum for Institutional Clients

JPMorgan to Bring JPM Coin Deposit Token to Ethereum for Institutional Clients

by | Oct 19, 2026 | Ethereum

JPMorgan plans to open its JPM Coin token, which stands for dollar deposits held at the bank, to institutional clients on the Ethereum network, Bloomberg reported on Monday, October 19, 2026. The move extends the token beyond Base, the layer-2 blockchain built by Coinbase Global, where JPM Coin first launched in November 2025.

The expansion marks a step by the largest U.S. bank toward using public blockchain infrastructure for institutional payments and settlement, rather than relying solely on its private network. JPM Coin lets eligible clients transfer funds within seconds, around the clock. According to the bank, Ethereum's deep liquidity draws crypto companies that want to pay onchain as well as financial firms settling trades or backing tokenized assets.

Why JPMorgan chose Ethereum for JPM Coin

Emma Landriault, the head of Kinexys Labs at JPMorgan's blockchain division Kinexys, told Bloomberg in an interview that Ethereum won out because it carries deeper liquidity than competing networks and the bank's institutional clients already use it, according to CoinDesk. Landriault said JPMorgan picked the network for its liquidity and existing use among clients, Cointelegraph reported.

Opening the token up more broadly is meant to serve two groups, Landriault said: crypto firms looking to make payments onchain, and financial firms that require a digital token for settling trades or backing tokenized assets. Landriault did not say when JPM Coin would become available on Ethereum, CoinDesk reported.

Landriault framed the expansion as part of a broader trend. "We've clearly been in a year of further convergence between Wall Street and crypto," she said, according to CoinGape. "It's not just Wall Street going to public chains, but the institutional web3 players getting more embedded and partnering with traditional financial institutions," she added.

How the JPM Coin token works

JPM Coin represents U.S. dollar deposits held at JPMorgan and is built so institutional clients can move money and settle payments at any hour, with near real-time finality. The token is issued by Kinexys, JPMorgan's blockchain business unit, and the bank describes it as the first bank-issued USD-denominated deposit token, with the ticker JPMD.

Even though issuance happens on public networks, access to JPM Coin stays limited to vetted institutional participants, Cointelegraph reported. Crypto information platform Unfolded said the expansion points to banks making greater use of public blockchains, while noting that JPM Coin's status as a regulated bank deposit token means it is not broadly designed to integrate with decentralized finance, bloomingbit reported.

Deposit tokens like JPM Coin differ from stablecoins issued by non-bank companies: rather than a claim on reserves parked with a separate issuer, the token is a direct claim on deposits sitting at a regulated bank. The token got its start as an internal settlement mechanism, letting JPMorgan's institutional customers transact with one another over a permissioned network run by the bank, according to KuCoin.

From Base and Canton to Ethereum

The Ethereum plan comes after JPMorgan rolled out JPM Coin in November 2025 on Base, a layer-2 network tied to crypto exchange Coinbase. When it launched there, the bank signaled it intended to add more public blockchains over time, Cointelegraph reported.

The bank had already flagged a move outside Base in January, when Digital Asset and Kinexys by J.P. Morgan announced their intent to collaborate on the native issuance of JPM Coin on the Canton Network, a blockchain built with privacy features for coordinated financial markets. Under that collaboration, institutions using Canton would be able to issue, transfer, and redeem JPMD near-instantly, with an initial focus on establishing the technical and business frameworks to support issuance, transfer, and redemption directly on the network.

"This collaboration brings to life the vision of regulated digital cash that can move at the speed of markets," said Yuval Rooz, co-founder and CEO of Digital Asset, in the January announcement. Naveen Mallela, global co-head of Kinexys by J.P. Morgan, said at the time that the token pairs the safety of deposits issued and settled by a bank with round-the-clock, near real-time transactions on a blockchain.

JPMorgan's broader blockchain push

The expansion takes JPMorgan's blockchain work past its in-house Kinexys network, which handles upwards of $7 billion in daily transactions, a small piece of the bank's $12 trillion a day payments business, CoinDesk reported. JPMorgan has been among the most active banks in the sector, having processed significant transaction volume through Kinexys, formerly known as Onyx, according to KuCoin.

Banks have embraced tokenization, but mostly away from public networks. In the U.S., JPMorgan, Citi, Bank of America and Wells Fargo, along with more than a dozen other banks, have plans to start a shared network for tokenized deposits, CoinDesk reported. Outside the country, JPMorgan counts among the 30-plus banks working with Swift, the interbank messaging service, to shape the features and governance of Swift's planned blockchain-based ledger.

Almost $50 billion worth of crypto assets are locked in Ethereum-based applications, according to DeFiLlama data cited by CoinDesk. Putting JPM Coin on Ethereum could make institutional players more comfortable with public blockchain rails and possibly prompt rival banks to do the same, KuCoin reported.

What remains unknown about the rollout

Details on the specific scope of the Ethereum rollout, including which institutional clients will have access and what transaction types will be supported, were not fully specified in available reporting, according to KuCoin. Landriault gave no timeline for when the token would go live on the network.

JPMorgan had not responded to a CoinDesk request for details by publication time, and Cointelegraph said it contacted the bank for additional details but did not receive an immediate response. Available reporting indicates the expansion is aimed at institutional clients, not retail users, and does not indicate a shift toward retail cryptocurrency products at JPMorgan.

Conclusion

JPMorgan plans to make JPM Coin, its dollar-denominated deposit token for institutional clients, available on Ethereum, extending a rollout that began on Coinbase's Base network in November 2025 and was followed by a January plan to issue the token natively on the Canton Network. The bank has said Ethereum's liquidity and its existing use among institutional clients drove the choice, and the token will remain restricted to approved institutional participants.

The next concrete step is the Ethereum launch itself, for which Landriault gave no date. JPMorgan had not responded to requests for further detail from CoinDesk or Cointelegraph by publication time, leaving the timeline, eligible clients, and supported transaction types to be confirmed as the rollout progresses.

Frequently Asked Questions

When will JPM Coin be available on Ethereum?

No date has been given. Emma Landriault, head of Kinexys Labs at JPMorgan's blockchain division, did not say when JPM Coin would become available on Ethereum, CoinDesk reported. JPMorgan had not responded to requests for details from CoinDesk or Cointelegraph by publication time.

Why did JPMorgan choose Ethereum for JPM Coin?

Emma Landriault said JPMorgan chose Ethereum because the blockchain offers more liquidity than rival networks and is already used by institutional clients. The bank said Ethereum's liquidity makes it attractive for crypto companies seeking blockchain payments and financial firms settling trades or backing tokenized assets.

Who can use JPM Coin on Ethereum?

Only approved institutional clients. While the tokens are issued on public networks, JPM Coin will remain restricted to approved institutional participants, Cointelegraph reported. Available reporting indicates the expansion targets institutional payments and asset settlement rather than retail use.

How is JPM Coin different from a stablecoin?

JPM Coin is a deposit token representing a direct claim on dollar deposits held at JPMorgan, a regulated bank. Stablecoins are typically issued by non-bank companies backed by separate reserve assets. That distinction matters for institutional treasurers and compliance teams facing stricter rules on counterparty risk and custody.

What other blockchains support JPM Coin?

JPM Coin first launched in November 2025 on Base, the Ethereum layer-2 network built by Coinbase. In January, JPMorgan and Digital Asset announced plans to issue the token natively on the Canton Network, a privacy-enabled blockchain for institutional finance. Ethereum is the latest addition, with no launch date disclosed.

Sources

Ethereum Price Today: ETH Holds Near $2,417 With $3,000 Recovery Hinging on ETF Flows

Ethereum Price Today: ETH Holds Near $2,417 With $3,000 Recovery Hinging on ETF Flows

by | Oct 19, 2026 | Ethereum

The ethereum price today stood near $2,417 as of October 18, 2026, leaving the second-largest cryptocurrency roughly 24% below the $3,000 level it last traded above in January, according to 24/7 Wall St. The token enters the October 19 session after an 18.5% slide from its 2025 closing price of $2,967.

The gap matters because reclaiming $3,000 has become the market's shorthand for a genuine recovery, and the path there now runs through a short list of technical and fund-flow conditions, 24/7 Wall St. reported. Ether remains 51.1% below its August 2025 record high of $4,946, underscoring how far the token sits from both round-number resistance and its prior peak.

Ethereum Price Today After a Two-Week Slide

October has erased much of Ether's summer advance, and the ethereum price today reflects that reversal. The token closed at $2,706 at the start of the month, then shed 11.6% across the next two weeks, with a 5.2% decline in the week ended October 17, according to 24/7 Wall St.

Selling pressure pushed ETH to an intraday low of $2,313 on October 15, its weakest point since the $2,220 trough reached on August 20. Closing prices near $2,420 on October 14 and October 16 were the softest since mid-September.

The pullback follows Ether's best monthly close of 2026, a September finish at $2,684. Buyers have since probed the $2,684 to $2,807 band without holding it, 24/7 Wall St. reported, leaving the ethereum price today well short of that range.

What a $3,000 Recovery Requires

From $2,417, ETH needs a gain of about 24.1%, or roughly $583 per coin, to reclaim $3,000. The first major hurdle sits at $2,807, the intraday high set on September 21 and the highest point since July; even clearing that would leave another 6.9% to the target, according to 24/7 Wall St.

The token last changed hands above $3,000 in January, when it hit a monthly high of $3,405, and it has not returned to that level since peaking at $2,474 in February. The most recent monthly close above $3,000 came in October 2025 at $3,846.

24/7 Wall St. outlined three conditions for a credible run at the mark: ETH must hold above the $2,313 October low, Ether ETFs must flip from outflows to steady inflows, and the price must break above $2,807 and stay there. A close below $2,313 could drag the token toward the $2,220 August low and push the $3,000 objective into 2027, the outlet reported.

ETF Outflows Weigh on the Ethereum Price Today

Funds that hold ETH on behalf of investors have recorded heavy net redemptions. Between October 1 and October 16, Ether ETFs saw $955 million leave, according to SoSoValue data cited by 24/7 Wall St., with every day in that stretch posting outflows except October 13, which drew $24.8 million.

The redemptions imply fund managers are selling ETH to meet investor withdrawals, and 24/7 Wall St. reported that several weeks of steady inflows would likely be needed to underpin a $3,000 push. Although the required 24% gain keeps the target mathematically within reach, the direction of flows argues otherwise for now, the outlet said.

Ether has delivered rallies of this size before. From an April 2025 close of $1,794, the token climbed to $3,698 by July 2025, a 106% rise in three months, but that advance was powered by strong buying momentum that the current ETF outflow data shows is absent, according to 24/7 Wall St.

Bitcoin's Lead and the Hoodi Test

Over the 60 days to October 17, ETH and Bitcoin posted nearly identical returns, up 26.3% and 26.1% respectively. The past month diverged, however: Bitcoin gained 6.8% while ETH slipped 1.1%, a split that suggests Ether is lagging even in a steadier market, 24/7 Wall St. reported.

Bitcoin traded at $81,977 as of October 18. Further gains in the largest cryptocurrency could pull ETH higher and put the $3,000 objective back within reach, according to the outlet.

Developers are set to trial bigger blocks on the Hoodi testnet on October 26. The sandbox lets developers experiment without risking user funds, but such milestones rarely move the ethereum price today or draw sustained investor interest, 24/7 Wall St. reported.

Levels to Watch Into Year-End

The markers 24/7 Wall St. identified include a daily finish above $2,807 before November ends, backed by positive weekly ETF inflows. Without those developments, the outlet reported, the $3,000 target will likely stay out of reach in 2026.

On the downside, the $2,313 intraday low from October 15 is the line bulls need to defend, with the $2,220 August low below it. Whether ETH can mount a serious recovery by year-end depends on this narrow set of conditions falling into place, according to 24/7 Wall St.

Conclusion

Ether entered the October 19 session near $2,417, about 24% below $3,000, after a two-week slide and $955 million in October ETF outflows through October 16. The recovery case rests on holding the $2,313 low, a turn to sustained ETF inflows and a decisive break above $2,807, with a daily close above that level by end-November cited as the key confirmation. Absent those signals, 24/7 Wall St. reported, the $3,000 target likely waits until 2027.

Frequently Asked Questions

What is the ethereum price today, October 19, 2026?

Ether stood near $2,417 as of October 18, 2026, according to 24/7 Wall St. That is down 18.5% from the 2025 closing price of $2,967 and leaves the token about 24% below the $3,000 level it last traded above in January.

How much does ETH need to rise to reach $3,000?

From $2,417, ETH needs a gain of about 24.1%, or roughly $583 per coin. The first hurdle is the $2,807 intraday high from September 21; clearing it would still leave another 6.9% to the $3,000 target.

How much have Ether ETFs lost to outflows in October 2026?

Ether ETFs recorded $955 million in net outflows between October 1 and October 16, according to SoSoValue data cited by 24/7 Wall St. The single exception in that stretch was October 13, when the funds drew $24.8 million in inflows.

What conditions does ETH need to reclaim $3,000 in 2026?

24/7 Wall St. listed three: ETH must hold above the $2,313 October 15 low, Ether ETFs must shift from outflows to steady inflows, and the price must break above the $2,807 September high and stay there. A daily close above $2,807 by end-November with positive weekly inflows is the key signal.

What happens if ETH falls below $2,313?

A close below $2,313 could push ETH toward the $2,220 low recorded on August 20, according to 24/7 Wall St. Such a move would likely delay any $3,000 attempt until 2027.

Sources