Crypto News Today, November 6 – Bitcoin Price USD Recovers Above $103K, XRP +4%, and ZCash (ZEC) Surges +20%: Best Crypto To Buy Now?

The global crypto market cap climbed 1.96% to $3.43 trillion on November 6 as traders reacted to signs of market stabilization following last week’s sharp correction.

Bitcoin
BTC

$101,322.31

2.33%

Bitcoin
BTC

Price

$101,322.31

2.33% /24h

Volume in 24h

$57.72B
<!–
?
–>

Price 7d

Learn more

rebounded above $103,000, posting a mild 1.37% daily gain, while

Ethereum
ETH

$3,303.69

3.54%

Ethereum
ETH

Price

$3,303.69

3.54% /24h

Volume in 24h

$34.96B
<!–
?
–>

Price 7d

Learn more

recovered 2.36% to trade near $3,384. Despite the bounce, sentiment remains cautious, with the Fear & Greed Index at 24 (“Fear”) and the Altcoin Season score stuck at just 23/100. Still, as ZEC, GIGGLE, and SOLO surge with double-digit gains, traders are eager to find the next best crypto to buy now.

Market analyst Murphy suggests that Bitcoin’s latest correction has pushed the asset close to its “fair value” around $98,000, based on the historical MVRV (Market Value to Realized Value) ratio.

Around 40% of holders are now at an unrealized loss, marking a key stage typically seen in major bull-market pullbacks.

Murphy warns that if BTC fails to stabilize near current levels, it could indicate a deeper oversold phase—or even the early stages of a bearish structure.

公允价格：穿越牛熊的价值锚

实现价格，是每一枚BTC上次发生链上转移时的价格的加权平均，即表示全市场所有存量BTC的平均成本价。这一价格标准通常都会大幅低于BTC的市场价格，主要是因为早期低成本买入后一直长期持有的BTC，拉低了整体均值。… https://t.co/zoGAcI53mC pic.twitter.com/J1H9Ut3N4c

— Murphy (@Murphychen888) October 19, 2025

EXPLORE: Best New Crypto to Buy Now

ZCash (ZEC) Leads Altcoin Gainers, Up +20% in 24h, +900% in 30 Days – Best Crypto to Buy Now?

Zcash ZEC price

Among altcoins,

Zcash
ZEC

$523.54

10.03%

Zcash
ZEC

Price

$523.54

10.03% /24h

Volume in 24h

$1.96B
<!–
?
–>

Price 7d

Learn more

emerged as the day’s top performer, surging 20% in 24 hours and reportedly gaining over 10x in the past month.

On-chain data shows a wallet (0x96ea) opened just three days ago holding 32,000 ZEC (~$16.3M), currently sitting on $2.7M in unrealized profit, with a liquidation price of $373.13.

ZEC’s sharp rally positions it as one of the strongest comeback coins of this cycle and a potential best crypto to buy now for traders watching privacy-focused assets.

Other top gainers include SOON (+95%), Giggle Fund (+60%), Mina (+42%), and Internet Computer (+19%), showing renewed investor appetite for mid-cap tokens.

DISCOVER: XRP Price Prediction: Canary Capital Ready To Launch ETF Next Week And Palisade Acquisation

ETF Outflows and Ripple’s New Partnership

Meanwhile, U.S. Bitcoin and Ethereum spot ETFs recorded combined daily outflows of $255 million, extending their losing streak to six sessions. In contrast, Solana ETFs attracted $9.7 million in inflows, maintaining positive momentum.

In positive news, Ripple announced a major partnership with Mastercard, WebBank, and Gemini to pilot RLUSD stablecoin settlement on the XRP Ledger—signaling growing institutional adoption of compliant blockchain payment infrastructure.

As volatility cools, traders continue debating whether ZEC, SOL, or BTC offers the best crypto to buy now amid signs of early-cycle rotation.

5 hours ago

Cathie Wood Lowers Bitcoin 2030 Target to $1.2 Million

By Fatima

Ark Invest CEO Cathie Wood has trimmed her long-term Bitcoin forecast, reducing the 2030 price target from $1.5 million to $1.2 million, according to Bloomberg reporter Walter. Despite the revision, Wood remains optimistic about Bitcoin’s future.

She noted that stablecoins have taken on some of the functions once expected of Bitcoin, especially in payments and emerging markets, but believes Bitcoin’s long-term value proposition remains strong.

9 hours ago

Morpho Lending Network Faces Partial Outage, Backend Issues Resolved

By Fatima

Morpho, the universal lending network, had a partial service outage on November 6 at 12:47, which disrupted full application loading, backend services, indexer functions, and eight other features. Its official status page reports that backend and indexer issues are now fixed, but full application loading is still affected.

12 hours ago

Metaplanet Goes All In: $100M Bitcoin-Backed Loan to Buy More BTC

By Fatima

Metaplanet Inc., the Tokyo‑listed company building a large Bitcoin treasury, has taken out a $100 million loan backed by a portion of its existing Bitcoin holdings. The company drew from a credit facility on October 31 and pledged part of its 30,823 BTC stash, which was valued at about $3.5 billion at the time.

The loan uses a floating interest rate linked to U.S. dollar benchmarks and can be repaid whenever the company chooses. Metaplanet says the pledged collateral represents only a small slice of its bitcoin reserve, which it points to as evidence of its conservative approach to leverage.

Borrowing to Buy More Instead of Selling

Rather than sell bitcoin to free up capital, Metaplanet is borrowing against its holdings so it can purchase more BTC, continue operating its bitcoin options business, and potentially buy back shares. The timing follows the company’s announcement of a ¥75 billion share repurchase plan, which is roughly $500 million.

The plan aimed to lift the company’s market‑to‑net‑asset value ratio after it fell below 1.0. The company also reaffirmed its long‑term goal of holding 210,000 BTC by 2027, a target that would place it among the largest public bitcoin treasuries anywhere in the world.

Read The Full Article Here

12 hours ago

Jeff Yan at TOKEN2049: The Real Risk for DeFi Is Marginalization

By Fatima

At TOKEN2049 Singapore 2025, Hyperliquid founder Jeff Yan said the project fears a “slow decline” more than a sudden black swan event.

According to Yan, failure would stem not from technical flaws but from failing to create real-world value. He emphasized that DeFi’s future depends on reducing dependence on off-chain assumptions, such as asset backing or price feeds, and focusing on on-chain consistency.

Yan believes decentralized finance still has a long journey ahead, and whether traditional finance ultimately acknowledges its value remains uncertain.

13 hours ago

What is SOON Crypto? SOON Price Skyrockets +337% – Here’s Why and is $2 Locked In?

By Fatima

When traders look into the charts and search for the best-performing altcoins of November 2025, SOON crypto is stealing the spotlight. SOON price soared by 337% in a day, hitting an all-time high of $3, briefly retracing afterwards to $1.5

Built on the Solana Virtual Machine (SVM), SOON is positioning itself as the backbone of a scalable Layer 2 network, blending high performance with a modular design. As FOMO intensifies, the question now is: What exactly is SOON, and can it sustain this explosive momentum?

(Source – TradingView)