of cryptocurrency market It’s been a decisive week, balancing fatigue and opportunity. After weeks of sideways movement, the market cap has reached nearly $3.4 trillion, compressed under severe volatility as traders wait for a breakout. privacy coin are proliferating, institutional accumulation is gaining momentum, and corporate adoption is moving quietly above the noise. However, uncertainty is high due to delays in the release of macroeconomic indicators and large profits planned. This week will test whether the market can hold its ground or whether the next wave of volatility will redraw the trend line heading into mid-November.
Cryptocurrency News: What to expect in the market this week
The market capitalization of cryptocurrencies hovers around $3.4 trillion, and the market has fallen into a range of declines that are testing both the patience and faith of traders. The Heikin Ashi candlesticks are showing real size shrinking near the bottom of the Bollinger Bands, a technical signal that the market is searching for direction after weeks of slowing momentum. This week’s situation is defined by a tug-of-war between two opposing factions. On one side is a renewed enthusiasm for privacy coins and institutional adoption, and on the other is macroeconomic uncertainty and lagging economic data.
Do privacy coins signal a shift in the narrative?
Zcash and Monero have become the surprising leaders of this cycle’s latest microtrends. ZEC’s 51% weekly rally and spike in perpetual futures trading volume indicate one thing: investors are betting on a revival of the privacy narrative. Interestingly, this momentum does not come from retail hype, but from structural changes in regulation and market perception. As governments tighten control over mixers and privacy tools, compliant anonymity, where blockchain privacy features coexist with regulatory frameworks, is becoming a key theme.
Arthur Hayes’ public endorsement of ZEC has fueled this rally and shows that large investors are treating ZEC as a hedge against stronger data monitoring and global compliance frameworks. If the EU’s proposed 2027 privacy coin limit faces a backlash, ZEC’s rally could be extended towards the $90-$100 level in the near term, with a broader range of privacy-focused assets pulling in line.
Cryptocurrency Preparation for Institutional Investors: Macro Wildcard
The US government’s legislative efforts to formalize Bitcoin and Ethereum under the proposed Bitcoin Act and HR 3798 are quietly setting the tone for institutional adoption. Although this work is still in its early stages, the idea of strategic crypto assets has long-term implications. This signals a shift from speculative ownership to a sovereign level of integration.
However, the market remains cautious. Selling pressure from government-held crypto assets, especially bankruptcy estates like FTX, continues to weigh on liquidity. If HR 3798 progresses meaningfully this month, it could provide the kind of stability narrative institutional investors crave, supporting Bitcoin’s dominance and potentially mitigating altcoin volatility.
Enterprise Blockchain Adoption: Utilities Meet Skepticism
Solana’s partnership with Western Union shows how enterprise blockchain use cases are maturing. Although the network currently supports billions of dollars worth of stablecoin-based transfers annually, SOL’s price response remains muted. The discrepancy between introduction headlines and market sentiment reflects common cycle stages. Early adoption often precedes recognition of value.
Still, with SOL down 7.8% this week, it’s clear that investors are wary of macro-driven risk aversion. The rollout of the USDpt stablecoin, scheduled for Q1 2026, will be a key turning point. Until then, Solana’s stability between $120 and $140 is more of a sign of accumulation than weakness.
Crypto News: Market Capitalization Suggests Neutral-Bearish Bias
From a technical perspective, the cryptocurrency market cap is below the mid-Bollinger Band (3.9T) and is showing resistance around that level. The lower band around 3.3T acts as immediate support. A drop below 3.3 trillion yen could test the next pocket of liquidity around 3.1 trillion yen, and a rebound above 3.6 trillion yen could reignite bullish sentiment until mid-November.
The decreasing volatility of the Heikin Ashi candlesticks and the narrowing of the Bollinger Bands range indicate a potential increase in volatility, meaning a big move is coming soon. Historically, when volatility compresses like this following a series of falling highs, the market either temporarily capitulates or breaks aggressively as volume spikes. Given the macro uncertainty and a week that will have a big impact on future earnings, a test of the downside before a significant recovery seems a bit more likely.
Key market events to watch
This week is full of market-moving events. While technology and AI-focused earnings (CoreWeave, Cisco, AMD, Applied Materials) dominate the headlines, lagging economic indicators such as CPI, PPI, and retail sales are keeping macro traders on edge. The US Veterans Day holiday could reduce liquidity early in the week and amplify volatility later in the week.
For crypto traders, signals from the U.S. Treasury’s monthly budget releases and Federal Reserve speeches can influence sentiment around inflation and liquidity expectations. Meanwhile, as the government shutdown continues, key economic reports continue to be delayed, leaving traders without clear macro guidance, which is often a recipe for short-term volatility driven by narratives such as privacy and institutional accumulation.
Outlook: Volatility before clarity
Expect an eventful week. While Bitcoin’s dominance in institutional theory remains strong, privacy coins may continue to outperform. To confirm a bullish reversal, the market capitalization needs to regain 3.6 trillion yen. Until then, a slightly bearish sideways movement remains the base case.
Sentiment could quickly reverse if the EU privacy ruling or HR 3798 moves in favor of cryptocurrencies. But for now, traders should focus on 3.3T as the difference between winning and losing. A close below this zone could trigger a broader correction across altcoins, while a pullback could begin a bailout rally that could extend into mid-November.
This means that the tone of the market this week will not be driven by macro data (as many of the announcements have been delayed), but rather by the narrative. Sectors to watch: Privacy coins, institutional adoption tokens, enterprise blockchain. Each has the potential to determine where the next rotation of capital goes by the end of the year.