Crypto Prices Rise: Why Are BTC, ETH, LTC, XRP, SHIB, and ADA Up Today?

Major crypto prices saw solid gains after a week of downturns. Bitcoin, Ethereum, Litecoin, XRP, Shiba Inu, and Cardano saw modest gains as the market recovers. The global crypto market capitalization also rose 1% to $3.67 trillion.

Bitcoin Leads Market Recovery Despite ETF Outflows

The price of Bitcoin went up by more than 1% in the last 24 hours, reaching around $111,000. The token had initially been trading at $106,000. Despite the uptick, daily trading volume dropped to $66 billion. The token’s monthly performance remains down 7.5%.

Interestingly, this upswing came even as U.S. spot Bitcoin ETFs recorded heavy outflows. According to SoSoValue data,  BlackRock’s IBIT lost around $290.88 million on October 30, its largest single-day outflow since August. In total, spot Bitcoin ETFs saw $388.43 million exit the market that day. This suggests short-term profit-taking by institutional holders.

However, confidence appears to be returning after JPMorgan announced plans to allow high-net-worth and institutional clients to use Bitcoin and Ethereum as collateral for loans.

Ethereum Gains Ahead of Major Network Upgrade

The Ethereum price also rose, gaining 1.2% over the past 24 hours to $3,817. This comes even as weekly and monthly metrics show a broader downtrend. For instance, the altcoin’s trading volume dipped 28%.

Experts say that the increase in interest is due to the upcoming Fusaka upgrade on December 3, 2025. This update will add EIP-7594 (PeerDAS) to make data processing faster and improve scalability. Developers also announced that the block gas limit will rise from 30 million to 150 million.

Litecoin and XRP Draw Institutional Interest

Litecoin (LTC) rose 2.49% in the last 24 hours, outperforming the broader market’s 0.54% average gain. Its dedicated ETF, the Canary Capital Litecoin Fund (LTCC), attracted nearly $486,000 in inflows earlier this week. This brought its total assets to $1.34 million.

XRP also advanced 1.66% to $2.50. The token’s momentum stems from Canary Capital’s updated S-1 filing to launch a spot XRP ETF by mid-November. The amendment removed the “delaying” clause that previously blocked automatic approval. This suggests the asset could soon see increased exposure among U.S. investors.

Shiba Inu and Cardano Join the Rally

Shiba Inu (SHIB) also joined the crypto price rally with a 4% daily rise. This surge is particularly associated with T. Rowe Price’s plans to launch the first-ever U.S. Spot Shiba Inu ETF. Cardano (ADA) also gained around 1% despite a 27% decline in trading volume, 

Regulatory Developments Support the Crypto Price Recovery

Adding to the bullish tone,  ​​the U.S. Federal Reserve announced a second 25-basis-point rate cut this year. This brought the benchmark rate down to a range of 3.75–4%. This decision could help support riskier investments, like crypto, in the next few weeks.

At the same time, the U.S. Senate Agriculture Committee is finalizing the Crypto Market Structure Bill. This move is expected to bring long-term regulatory clarity and could also have some effect on crypto prices upon release.