Bitcoin and Ethereum have risen over the past day. Spot trading resumed, while derivatives activity slowed after a series of weekend liquidations.
Cathie Wood, CEO of ARK Invest, has maintained her long-term view on Bitcoin despite recent price fluctuations.
In a recent podcast, she repeated her $1 million price target for BTC. She linked this outlook to the steady growth of stablecoins, which are now worth more than $300 billion.
Are the factors behind the recent market decline short-term? Listen to why @CathieDWood thinks so, and why December could be a turning point in this month’s “In The Know.”
– ARK Invest (@ARKInvest) November 8, 2025
Wood said the growth of stablecoins marks an important milestone for digital assets, even as Bitcoin faces near-term pressures.
She noted that their growing role could soften Bitcoin’s near-term momentum, but it also indicates an overall more credible and mature crypto market.
Bitcoin Price Prediction: Could Bitcoin revisit the gap zone between $103.8k and $104.6k?
Bitcoin futures on CME began the week with a notable price gap of around $104,000, based on a chart shared by analyst Daan Crypto.
The one-hour view shows a strong bounce Sunday evening that pushed BTC above $106,000 after a short weekend pullback.
This decision was accompanied by firm momentum. A series of green candles took the price near $103,000 before settling in a narrow band near $106,200.
(Source:)
The gap between around $103,800 and $104,600 remains open. Traders often point out that CME gaps tend to be reexamined, but there is no guarantee that the price will return to this zone.
The current candles are sideways, indicating that recent candles have taken a break after the strong rise.
This is an indicator of hesitation, as traders wait for guidance. The breakout gained volume, but activity stopped when the price stabilized.
So far, no apparent recovery strategy. However, slower movement may be a sign of a negative pull toward space.
At least the overall uptrend may be extended if the price does not revisit the same region.
Generally, the structure is tilted more towards the upper side, and one of the main markers is the CME gap.
General interest in Bitcoin futures has also increased significantly, indicating an increase in the intensity of derivatives trading on major platforms.
(Source: Coinglass)
Interest has been growing since late 2023 and accelerated in mid-2024, surpassing $100 billion in recent readings.
This move largely followed Bitcoin’s rise towards the $110,000 to $120,000 zone, showing greater positioning in the futures markets.
Small pullbacks in BTC were accompanied by similar declines in open interest, but both remained on an upward trajectory.
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Ethereum Price Prediction: Why is Ethereum Rising Amid US Government Shutdown Talks?
Ethereum climbed on Monday as overall market sentiment became calmer. The move comes after signs that the US government shutdown may soon end.
The move follows reports that senators have reached a bipartisan funding deal, seen as the first real step toward resolving the 40-day impasse.
The senate pass the bill Sunday evening in a 60-40 vote. It now goes to the House of Representatives and, if approved, will be sent to President Donald Trump for final approval.
According to CoinGecko, Ether traded near $3,595 after a volatile day. Prices moved between approximately $3,503 and $3,648, ending the session up approximately +4%.
DeFData from iLlama shows that Ethereum stablecoins are worth around $167.2 billion. DEX volume over the past day stood at nearly $1.848 billion, with approximately 464,000 active addresses.
(Source: DéfiLlama)
Spot trading volume was close to $33 billion during the same period.
On the charts, Ethereum is near a key weekly support level against Bitcoin, according to analyst Michaël van de Poppe.
The ETH/BTC pair has eased from its recent high around 0.045 BTC. The move follows a strong rebound earlier this year, when the pair soared more than 140%.
Ethereum’s price against Bitcoin is holding in a key demand zone near 0.032 to 0.035 BTC, an area that buyers had previously stepped into.
(Source:)
The weekly chart shows the decline slowing as the pair approaches the 20-week moving average, suggesting the market may be finding its footing.
Trading volume has fallen since the summer surge, indicating lighter sales. The RSI is neutral, so it is still possible for the price to rise if momentum returns.
Analyst Michaël van de Poppe believes that ETH/BTC could challenge near-term resistance at 0.03450 BTC.
A clear push above this line could put the pair on track towards 0.045 BTC, a level reached in a previous swing. If the current support fails, the next visible bearish zones are around 0.026 BTC and 0.019 BTC.
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The post Can Bitcoin Reach $1M as Cathie Wood Renews Her Bold Call – and Will Ethereum Hold Its 0.0345 BTC Level? appeared first on 99Bitcoins.
