Daily Dose of Doc The cryptocurrency market experienced a slight downturn over the past 24 hours, with total market capitalization declining approximately 0.61% to around $3.23 trillion. Bitcoin traded between $95,000 and $95,700, down about 0.6%, while Ethereum remained near $3,200 with a 0.3% decrease. Stablecoin trading volume stayed elevated at $98.6 billion, representing over 84% of total crypto volume, and Bitcoin dominance held steady at 58–59%. The Fear and Greed Index dropped sharply to 15, indicating extreme fear amid heightened volatility and more than $1.3 billion in leveraged liquidations. Bitcoin broke below key support near $100,266, raising the possibility of further declines toward $93,000–$95,000, though on-chain transaction volume surged 18% to a three-month high, signaling renewed capital inflow from stablecoins. Ethereum faces a precarious technical pattern but could rebound to $3,600 if support at $3,117 holds, while exchange supply continues to decrease. Among altcoins, XRP declined 4.3% despite the launch of the first U.S. spot XRP ETF and struggled to surpass $2.22 resistance. Privacy-focused assets such as Dash, Zcash, and Firo recorded strong gains, emerging as a prominent narrative. Trust Wallet Token surged 70% following its 2030 roadmap announcement. Memecoins showed mixed performance, with Dogecoin rebounding strongly while others tested lower supports. Notable performers included Aster, Starknet, BANANAS31, ALCX, LINEA, SEI, and projects tied to the Soneium ecosystem. Institutional activity remained robust despite $870 million in Bitcoin ETF outflows. Major banks accelerated stablecoin and tokenized asset initiatives, including JPMorgan expanding JPM Coin on Base, BNY forecasting $3.6 trillion in tokenized assets, and new regulatory frameworks in Singapore and Japan. Alibaba advanced a tokenized payment system for cross-border e-commerce using JPMorgan’s blockchain infrastructure. Public companies now hold over 1.02 million BTC, reflecting sustained structural demand. Regulatory clarity in the United States improved regarding token classification and trading rules, fostering greater confidence among developers. Singapore Exchange prepared to launch Bitcoin and Ethereum perpetual futures tied to CoinDesk indices starting November 24. Technological progress continued with deeper integration of AI for provenance tracking and payment rails, rising developer activity on Ethereum and select Layer-2 networks, and upcoming upgrades across Polkadot, Avalanche, and Starknet that enhance scalability and Bitcoin-based DeFi capabilities. Overall, the market exhibited short-term caution and elevated volatility, yet underlying fundamentals strengthened through institutional adoption, regulatory maturation, and technological advancement, setting the stage for potential recovery once liquidity conditions stabilize.