Another week on the cryptocurrency market is behind us. It was summarized by Sebastian Seliga from zondacrypto. He also pointed to issues related to the exchange rate and events related to the stock exchange he represents.
Cryptocurrency market: strong correction and increased volatility
Bitcoin has clearly come under pressure from sellers over the past week, dipping below the psychological level of $100,000 and testing its lowest levels in about six months. At its peak, the correction was over 20% from the historic high in October (over USD 126,000), which is part of a broader wave of profit-taking after record valuations.
ETH and key altcoins, including Solana and Cardano, also experienced a correction. The market remains sensitive to macroeconomic data – in particular CPI inflation readings in the US and expectations regarding the Fed’s decisions, which directly affect the perception of risky assets.
From a macroeconomic perspective, two factors remain key: the path of inflation in the US and the level of Treasury bond yields. Expectations of CPI above 3% strengthen the narrative of maintaining restrictive monetary policy for longer, which traditionally inhibits the inflow of capital to the segment of high-risk assets, including cryptocurrencies.
Structurally, the current wave of declines differs from previous correction episodes in that it involves more long-term Bitcoin holders. On-chain data indicate that in recent weeks several hundred thousand BTC have hit the market from wallets that have historically been relatively “insensitive” to price fluctuations. This is a signal of deterioration in the confidence of some long-term investors and, at the same time, a potential “cleaning” of the market structure of capital that is most sensitive to price stress.
The derivatives market remains an additional source of volatility. Within a short period of time, there were massive liquidations of leveraged positions – both long and short – with a total value reaching hundreds of millions of USD per day. The mechanism of sudden closing of positions by stock exchanges (margin call / auto-deleverage) strengthened the scale of downward price movements, but on the other hand it accelerated the process of market balancing and lowering leverage ratios, which in the medium term is a healthy element of the market cycle.
On the regulatory and product side, new ETF applications are in the spotlight, in particular regarding XRP and other projects. The advanced process of admitting the first spot ETF on XRP – after submitting key forms to the SEC and obtaining approval for a listing on Nasdaq – is seen as another step towards the institutionalization of the altcoin market.
ZND Trading Challenge
From November 6 to 20, the ZND Trading Challenge competition is held on the zondacrypto platform and is addressed to active traders using the ZND Trade module.
Participants compete in two parallel rankings: the highest total trading volume and the highest number of completed transactions on ZND Trade.
Each trade using the ZND token is counted twice (×2) – both for the volume value and for the score for the number of transactions.
The total prize pool is ZND 10,000. The top 10 participants in each of the two categories will be awarded, and the winners can receive up to ZND 1,500.
The results of the challenge will be announced within 14 days after its end, and the prizes will be paid within 7 days from the publication of the list of winners, with a 30-day vesting period. The condition for participation is registration via a dedicated form, active trading in ZND Trade and acceptance of the promotion regulations.
zondacrypto & Bologna FC 1909: extension of the partnership for the 2025/26 season
In the area of marketing activities, zondacrypto announced the extension of cooperation as Top Partner and Official Crypto Exchange Partner of the Italian club Bologna FC 1909 for the 2025/2026 season.
The zondacrypto brand will be displayed during all Bologna FC 1909 matches in Serie A, the Italian Cup and European cups in which the club will participate.
The agreement provides the exchange with a broad presence in sports media and the possibility of implementing dedicated communication campaigns addressed to fans in Poland, as well as in France and Italy.
Zondacrypto is strengthening its position in the sports ecosystem, using football as a channel for education and promotion of solutions based on blockchain technology, and increasing brand recognition among new target groups.
Long-term partnerships with famous football clubs are part of a broader trend of combining the world of sports and digital assets. For the stock exchange, this means access to a global fan base, and for the club – the possibility of monetizing fan involvement through loyalty programs, utility tokens or educational campaigns in the field of digital security.
Weekly summary
The cryptocurrency market has entered a phase of a clear correction, but project activity, conferences, hackathons and promotional initiatives confirm that the sector remains dynamic and market participants are still intensively looking for investment and trading opportunities.
zondacrypto continues its strategy of strengthening its market position both through the development of the trading offer (including ZND Trading Challenge), as well as through long-term partnerships in sports and modern forms of communication with users.
In the coming week, investors’ attention will be focused on:
- next macroeconomic data (inflation, labor market, decisions of central banks),
- capital flows to and from ETF funds based on the largest cryptocurrencies,
- regulators’ announcements regarding new products and classification of selected tokens.
