Crypto markets slipped on Tuesday, Nov. 11, with Bitcoin staying just above $104,000, and most top altcoins by market capitalization trading slightly in the red today. Markets slipped after pushing higher yesterday on news that Congress is making progress on ending the record-long government shutdown. <\/p>\n
After breaking back over<\/a> $107,000 yesterday, Bitcoin (BTC<\/a>) is trading at around $104,300 at press time, down 2% in the past 24 hours, and flat on the week. <\/p>\n The U.S. Senate on Monday passed a deal to end the nation\u2019s longest government shutdown, voting 60-40 to back an agreement between eight Democratic senators and Republicans to reopen the government until Jan. 30, CNBC reported<\/a>. The measure now heads to the House, which will vote on Wednesday, Nov. 12, after the Veterans Day holiday.<\/p>\n Ethereum (ETH<\/a>) is trading around $3,500, also down about 2% on the day, and mostly flat over the past seven days. <\/p>\n Among other large-cap tokens, XRP<\/a> is down the most today, losing over 4.4%, while Solana (SOL<\/a>), BNB<\/a> and most other altcoins in the top-20 assets by market capitalization are also down between 1.8% and 3%.<\/p>\n Among the top-100 assets<\/a>, Uniswap (UNI) led gains, jumping over 25% to $8.64 on the day. Figure Heloc (FIGR_HELOC) followed with a modest 1.8% increase. For UNI, the jump comes shortly after the top DEX unveiled a new proposal<\/a> to activate protocol fee distribution to token holders.<\/p>\n On the downside, Canton (CC) and Zcash (ZEC<\/a>) dropped 22% and 19%, respectively. But even with the pullback, ZEC remains up 28.2% for the week and over 90% in the past month.<\/p>\n Data from CoinGlass<\/a> shows that roughly $389 million in leveraged positions were liquidated over the past 24 hours. Longs accounted for $264.6 million, while shorts made up $124.5 million. Bitcoin saw $95.9 million in liquidations, followed by Ethereum at $74.7 million and Zcash at $34.1 million.<\/p>\n Spot Ethereum ETFs saw no inflows or outflows on Monday, Nov. 10, marking the first neutral session since April, while spot Bitcoin ETFs recorded $1.15 million in net inflows, according to SoSoValue<\/a>. <\/p>\n As Glassnode pointed out in a Nov. 11 post on X<\/a>, since early October, spot Bitcoin ETFs have \u201cshown signs of weakness,\u201d with only a few positive days, while mostly net outflows reaching up to $700 million per day. As the analysts explained, such a dynamics points to a \u201cbroader de-risking phase among ETF investors.\u201d<\/p>\n On the macro side, November has kicked off with a drop<\/a> in U.S. consumer sentiment as the government shutdown drags on. Meanwhile, traders are awaiting fresh inflation data, with the \u200b\u200bU.S. Consumer Price Index (CPI) scheduled to be released later this week on Nov. 13. <\/p>\nBig Movers and Liquidations<\/h2>\n
ETFs and Macro Conditions<\/h2>\n
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