|

Why Is Crypto Down Today? – November 3, 2025

The crypto market is in decline as we speak, with whole market capitalization dropping by 3.5% to $3.69 trillion, in line with knowledge from CoinMarketCap. Meanwhile, 24-hour buying and selling quantity sits at $143.9 billion, signaling a slight restoration in market exercise after a risky weekend.

TLDR:

  • Global crypto market cap fell 3.5% to $3.69T, with 24h quantity at $143.9B;
  • BTC dropped 2.9% to $107,896, and ETH slid 4.5% to $3,713;
  • Two main Bitcoin whales moved over $1.8B in BTC to exchanges, fueling sell-off fears;
  • Weak danger urge for food adopted the Fed’s cautious tone on charge cuts and skinny Asian liquidity;
  • Fear & Greed Index dropped to 36 (Fear);
  • BTC ETFs noticed $191.6M outflows;
  • ETH ETFs misplaced $98.2M;
  • SOL ETFs gained $44.48M;
  • Trump mentioned he “doesn’t know” Binance’s CZ regardless of pardoning him final month.

rypto Winners & Losers

At the time of writing, a lot of the high cryptocurrencies by market capitalization are buying and selling within the crimson.

Bitcoin (BTC) slipped 2.9% prior to now 24 hours, hovering round $107,896, with a market cap of $2.15 trillion.

Ethereum (ETH) fell 4.5% to $3,713, whereas BNB (BNB) declined 6.3% to $1,018. Solana (SOL) additionally continued its downtrend, dropping 5.6% to commerce at $175.45.

XRP (XRP) dropped 5.3% to $2.40, and Dogecoin (DOGE) noticed a 6.6% slide, now priced at $0.1744, making it one of many day’s weakest performers among the many high 10.

Despite the downturn, just a few altcoins managed notable good points. Jelly-My-Jelly (JMJ) surged 91.3%, main the day’s high gainers, adopted by OG (+38.3%) and DigiByte (+27.6%).

Among trending tokens, Aster (ASTR) gained 6.2%, whereas Balancer (BAL) and ZKsync (ZK) declined 10.1% and 27.7%, respectively.

The broader sentiment stays cautious, with Bitcoin dominance steady above 44%, whereas merchants eye potential short-term corrections if promoting stress persists.

Meanwhile, two distinguished Bitcoin whales have transferred huge quantities of BTC to exchanges, sparking renewed market nervousness about potential sell-offs.

On-chain knowledge from Lookonchain exhibits that pseudonymous dealer “BitcoinOG (1011short)” despatched roughly 13,000 BTC ($1.48 billion) to Kraken since Oct. 1, whereas early Bitcoin adopter Owen Gunden moved 3,265 BTC ($364.5 million) to the identical alternate since Oct. 21.

BitcoinOG, who gained consideration for profiting almost $197 million by shorting the market in October, has repeatedly transferred BTC to main exchanges, together with Binance, Coinbase, and Hyperliquid.

Meanwhile, Gunden, a veteran holder with roots in Bitcoin’s earliest days, has reactivated a number of decade-old wallets for the primary time in years.

Bitcoin Slips Below $108K as Fed Signals Temper ‘Uptober’ Momentum

Bitcoin slid beneath $108,000 in early Asian trading Monday, breaking the so-called “Uptober” streak and increasing final week’s risk-off sentiment.

The whole crypto market cap fell 3.1% to $3.69 trillion, with Ether down 3.8% to $3,737 and XRP off 3.1% at $2.43.

Analysts cited a stronger greenback and diminished hopes for fast Federal Reserve charge cuts as quick drivers, following cautious feedback from Fed officers suggesting a slower easing cycle.

Thin liquidity throughout Japan’s market vacation amplified value swings, whereas the unwinding of closely leveraged positions from October added additional downward stress. Traders described the session as a “wholesome deleveraging” section after weeks of aggressive lengthy positioning.

Despite the retreat, some analysts famous Bitcoin’s realized cap above $1.1 trillion and steady on-chain exercise as indicators of continued long-term power heading into November.

Attention now turns to a packed week of US financial knowledge, together with job openings, personal payrolls, and inflation expectations.

Strong labor figures might dampen rate-cut bets, whereas weaker knowledge might revive optimism for coverage easing. For now, crypto markets stay extremely delicate to macro cues, with merchants watching whether or not Bitcoin can stabilize earlier than its traditionally bullish November stretch.

Levels & Events to Watch Next

At the time of writing, Bitcoin trades at $108,103, down 2.20% on the day. The coin has been struggling to carry above the $110,000 mark after repeated rejections close to $112,000 over the previous week. For now, BTC’s intraday vary sits between $107,500 and $109,800, indicating a cautious, low-volume setting.

A decisive transfer above $110,200 might spark a short-term rally towards $114,000, the place resistance from mid-October stays intact.

On the draw back, dropping the $107,000 stage might expose BTC to deeper assist zones close to $105,500 and $102,000, ranges the place prior shopping for curiosity emerged.

Meanwhile, Ethereum trades at $3,723, down 4.67% over the previous 24 hours. The coin has misplaced traction after failing to maintain momentum above $3,950, consolidating inside the $3,700–$3,800 band.

A rebound above $3,850 might open the way in which towards $4,050–$4,200, whereas a break under $3,700 dangers additional draw back towards $3,550–$3,600. Traders proceed to observe macro indicators and U.S. labor knowledge this week for potential catalysts within the broader market.

Meanwhile, market sentiment has weakened, with the Crypto Fear and Greed Index dropping to 36, indicating “Fear.”

The index stood at 35 yesterday, 42 final week, and 57 a month in the past, exhibiting a transparent shift from impartial sentiment towards danger aversion as merchants reply to current market declines. The development suggests members are scaling again publicity and ready for stronger macro or on-chain indicators earlier than reentering the market with conviction.

The US Bitcoin spot exchange-traded funds (ETFs) posted one other day of internet outflows on October 31, with a complete of $191.6 million leaving the market, in line with knowledge from SoSoValue.

Despite the day by day outflow, cumulative internet inflows stay sturdy at $61.19 billion, whereas whole internet property stand at $147.73 billion, accounting for six.77% of Bitcoin’s whole market capitalization. The whole worth traded for the day was $4.26 billion.

Among particular person funds, BlackRock’s IBIT led the outflows with $149.33 million, adopted by Ark & 21Shares (ARKB) with $19.3 million and Bitwise’s BITB with $17.88 million.

The US Ethereum spot ETFs additionally noticed a internet outflow of $98.2 million on October 31. BlackRock’s ETHA recorded the biggest outflow of the day at $38.63 million, adopted by Fidelity’s FETH with $27.12 million and Grayscale’s ETHE with $13.73 million.

Despite the downturn, cumulative internet inflows stay strong at $14.37 billion, whereas whole internet property stand at $26.02 billion, representing 5.58% of Ethereum’s whole market capitalization.

In distinction, spot Solana ETFs noticed a powerful day of inflows on October 31, recording a complete of $44.48 million, in line with knowledge from SoSoValue. The cumulative whole internet influx now stands at $199.21 million, whereas whole internet property have reached $502.04 million, representing 0.49% of Solana’s market capitalization.

Among the 2 listed funds, Bitwise’s BSOL led with $44.48 million in new inflows, whereas Grayscale’s GSOL recorded no change for the day.

Meanwhile, President Donald Trump claimed he doesn’t know who Binance founder Changpeng “CZ” Zhao is, regardless of granting him a presidential pardon final month.

The put up Why Is Crypto Down Today? – November 3, 2025 appeared first on Cryptonews.

Similar Posts