Crypto wrap: Zcash, Internet Computer surge as BTC, ETH, XRP struggle
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The global cryptocurrency market cap saw a slight uptick on November 6, 2025, with minor gains during Asian hours helping push the market cap to $3.42 trillion.
However, while the 1.2% gain over the past 24 hours could see bulls stem the rot of four consecutive days of decline, top coins Bitcoin, Ethereum and XRP remain under pressure.
This outlook is against the backdrop of heightened risk aversion in the stock market. A strengthening US dollar also adds to the overall sell-off pressure.
Crypto market up, but sentiment weak
Overall, investors remain jittery amid uncertainty over the Federal Reserve’s interest rate policy.
The market’s slight 1.2% rise to $3.42 trillion over the last 24 hours, therefore, looks more like a pause rather than a definitive reversal.
As noted, the prevailing sentiment reflects general risk aversion, exacerbated by macroeconomic uncertainties surrounding the Federal Reserve’s monetary policy and ongoing capital shifts among investors.
In this environment, Bitcoin and Ethereum have witnessed notable spot ETF outflows.
On November 5, US spot Bitcoin ETFs recorded a net outflow of $137 million, extending the streak to six consecutive days of outflows.
Total outflows for spot BTC ETFs have hit over $2 billion in this period.
Similarly, spot Ethereum ETFs experienced a net outflow of $119 million, also marking six straight days of decline.
In contrast, US spot Solana ETFs bucked the trend with a net inflow of $9.7 million.
This sees SOL spot ETFs hit a seven-day inflow streak as Solana continues to garner interest.
BTC, ETH, XRP price outlook
Bitcoin is currently trading near $103,000, up 1.4% in 24 hours.
While the top coin has shown resilience after rebounding off lows of $98,700, it still faces strong selling pressure.
Market analytics platform Glassnode noted this via a post on X that “markets remain oversold.”
Crypto analyst Maartunn notes what he sees as key levels to watch.
Like BTC, Ethereum saw a sharp decline on Monday.
ETH hovered around $3,380, up 3.6% in 24 hours. Analysts say Ethereum remains vulnerable if bulls fail to hold the $3,200 level.
Meanwhile, XRP traded at around $2.30, up nearly 4% as bulls looked to bounce to the key $3.00 level.
Notably, XRP’s price rebounded from a low of $2.08 following Ripple’s announcement of a $500 million strategic investment round, which valued the company at $40 billion.
Zcash (ZEC) and Internet Computer (ICP) lead the top gainers
As top cryptocurrencies by market cap struggle, some projects across the ecosystem are recording notable gains.
Among the top performers, Internet Computer (ICP) rose to $6.18, gaining 27% to outpace all top 100 coins by market cap.
The token is up 103% in the past week, helped by interest in decentralised computing.
Elsewhere, Zcash (ZEC) surged to $514, up 15% in 24 hours and 43% this past week.
ZEC’s rally has come amid a privacy-focused appeal, with investors seeing it as “encrypted Bitcoin” amid privacy concerns.
Other cryptocurrencies in the top 10 gainers list are Quant (QNT), up 14% and Official Trump (TRUMP),+12%. Flare (FLR) had advanced 9%.
Conversely, top losers included Story (STORY) at $3.38, down 8.7%, OKB at $118, declining 4.2%, and Mantle (MNT) at $1.21, down 3.4%.
The post Crypto wrap: Zcash, Internet Computer surge as BTC, ETH, XRP struggle appeared first on Invezz
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