Bitcoin slid to $97,000, breaking below $100,000 during early afternoon trading in New York as investors pulled back from risk. 

The Czech National Bank (CNB) has become the first central bank to publicly invest in bitcoin, launching a $1 million test portfolio that also includes a U.S. dollar stablecoin and a tokenized bank deposit.

The first U.S. spot XRP ETF began trading Thursday, giving investors direct access to XRP through traditional markets.

Top stories in the Crypto Roundup today:

• Bitcoin Falls Below $100K as Rate Cut Hopes Fade, Crypto Stocks Slide
• Czech Central Bank Buys Bitcoin in $1M Pilot, a First Among Global Central Banks
• First Spot XRP ETF Launches on Nasdaq, Offering Direct Exposure to XRP

Bitcoin Falls Below $100K as Rate Cut Hopes Fade, Crypto Stocks Slide

Bitcoin slid to $97,000, breaking below $100,000 during early afternoon trading in New York as investors pulled back from risk. 

The drop followed a short-lived rally overnight and came alongside losses in U.S. equities, with the Nasdaq down 2%.

Crypto stocks were hit hard. Bitdeer sank 19%, Bitfarms dropped 13% and Cipher Mining fell over 10%, dragged down by concerns over liquidity and cooling expectations for a December rate cut.

"Crypto is closely linked to macro-economics now more than anytime in the past,” said Paul Howard of trading firm Wincent, who added bitcoin’s 2025 high may already be in.

A prolonged government shutdown has also tightened fiscal conditions. Strategist Mel Mattison pointed to a $198 billion surplus in September as evidence of shrinking liquidity, but expects that to reverse soon with more government spending. Until then, markets could stay choppy.

Czech Central Bank Buys Bitcoin in $1M Pilot, a First Among Global Central Banks

The Czech National Bank (CNB) has become the first central bank to publicly invest in bitcoin, launching a $1 million test portfolio that also includes a U.S. dollar stablecoin and a tokenized bank deposit.

Approved by the CNB board on Oct. 30, the pilot is designed to give the bank firsthand experience in buying, holding and managing digital assets. The assets were acquired outside of the bank’s official reserves, and officials say they don’t plan to expand the portfolio’s size.

While the Czech Republic is part of the European Union, it has not adopted the euro, allowing its central bank more autonomy than peers tied to the European Central Bank.

The CNB said it plans to share its findings over the next two to three years.

First Spot XRP ETF Launches on Nasdaq, Offering Direct Exposure to XRP

The first U.S. spot XRP ETF began trading Thursday, giving investors direct access to XRP through traditional markets.

Launched by Canary Capital, the XRPC fund tracks XRP’s current price and aims to reflect the asset’s role in payment and liquidity systems, especially cross-border transfers.

Listed on Nasdaq, the ETF is part of a broader wave of spot crypto products made possible by recent regulatory changes. 

State of the Crypto by Top Tier Exchange Volume

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