Understanding Today’s Crypto Market Decline – November 3, 2025

The cryptocurrency market is experiencing a downturn today, with the overall market capitalization decreasing by 3.5% to $3.69 trillion, as per CoinMarketCap data. The 24-hour trading volume has reached $143.9 billion, indicating a slight rebound in trading activity following a turbulent weekend.

Key Takeaways

The global crypto market cap has decreased by 3.5%, bringing it down to $3.69 trillion, with a 24-hour trading volume of $143.9 billion.
Bitcoin (BTC) has fallen 2.9% to $107,896, while Ethereum (ETH) decreased by 4.5% to $3,713.
Large Bitcoin holders transferred approximately $1.8 billion in BTC to exchanges, raising fear of sell-offs.
A cautious sentiment developed following the Federal Reserve's cautious outlook on interest rate cuts, compounded by low liquidity in Asian markets.
The Fear & Greed Index has dropped to 36, indicating fear in the market.
Bitcoin ETFs experienced outflows of $191.6 million, while Ethereum ETFs saw $98.2 million leave the market.
Solana (SOL) ETFs registered a gain of $44.48 million.
Former President Trump stated he is unfamiliar with Binance’s CEO, despite having issued a pardon last month.

Understanding Today’s Crypto Market Decline – November 3, 2025

Current Crypto Market Performance

At this moment, many of the leading cryptocurrencies by market capitalization are experiencing declines.

Bitcoin (BTC)

Bitcoin has dipped 2.9% in the last 24 hours, trading around $107,896, which results in a market cap of approximately $2.15 trillion.

Ethereum (ETH)

Ethereum has seen a decline of 4.5%, now priced at $3,713, while BNB (BNB) has fallen by 6.3% to $1,018. Solana (SOL) is also continuing its downward trend, dropping 5.6% to trade at $175.45.

Other cryptocurrencies such as XRP (XRP) decreased by 5.3% to $2.40, and Dogecoin (DOGE) fell by 6.6%, now trading at $0.1744, making it one of the weakest performers among the top ten.

However, some altcoins have managed to achieve impressive gains, like Jelly-My-Jelly (JMJ) which surged 91.3%, followed by OG with a 38.3% increase, and DigiByte with a rise of 27.6%.

Among trending tokens, Aster (ASTR) rose by 6.2%, while Balancer (BAL) and ZKsync (ZK) saw declines of 10.1% and 27.7%, respectively.

Despite the current downturn, Bitcoin's dominance remains stable above 44%. Traders are on the lookout for potential short-term corrections if the selling pressure continues.

Notably, two significant Bitcoin holders have transferred large amounts of BTC to exchanges, raising concerns over potential sell-offs in the marketplace.

An analysis from Lookonchain shows that a pseudonymous trader named “BitcoinOG (1011short)” transferred approximately 13,000 BTC (valued at $1.48 billion) to Kraken since October 1. Additionally, early Bitcoin adopter Owen Gunden moved 3,265 BTC ($364.5 million) to the same exchange since October 21.

BitcoinOG, known for generating nearly $197 million by shorting the market in October, has continually moved BTC to large exchanges like Binance, Coinbase, and Hyperliquid. Gunden, on the other hand, has activated multiple wallets that were dormant for years.

Bitcoin Dips Below $108,000 Amid Fed’s Cautious Tone

On early Monday, Bitcoin fell below the $108,000 mark, ending October's bullish momentum and extending last week's risk-averse market sentiment.

The total crypto market capitalization declined by 3.1% to $3.69 trillion, with Ether decreasing by 3.8% to $3,737 and XRP dropping by 3.1% to $2.43.

Market analysts attribute the drop to a stronger dollar and reduced expectations for immediate rate cuts from the Federal Reserve after officials suggested a slower easing process.

The insufficient liquidity from Japan’s market holiday heightened price fluctuations, while the unwinding of heavily leveraged positions from October contributed to further downward pressure—many traders deemed this phase as a routine “healthy deleveraging.”

Despite this retreat, some analysts emphasize that Bitcoin's realized cap remains above $1.1 trillion, and stable on-chain activities may indicate long-term strength as November approaches.

Attention now shifts to a busy week filled with US economic data releases, including job openings, private payroll figures, and inflation expectations. Robust labor data could dampen rate cut expectations, while weaker outcomes may boost optimism around policy easing. As it stands, crypto markets remain extremely sensitive to macroeconomic factors, with traders assessing whether Bitcoin can stabilize ahead of its historically positive November.

Levels and Events to Watch

Currently, Bitcoin is trading at $108,103, down 2.20% today. The cryptocurrency struggles to maintain its position above the $110,000 mark, facing resistance around $112,000 over the last week. Presently, BTC's intraday range is between $107,500 and $109,800, signaling a cautious trading environment with low volume.

Should Bitcoin surpass $110,200, it may trigger a short-term rally toward $114,000 where resistance holds from mid-October. Conversely, if Bitcoin falls below the $107,000 threshold, it could expose the asset to deeper support levels around $105,500 and $102,000, where prior buying interest was noted.

Ethereum is currently trading at $3,723, a decline of 4.67% in the last 24 hours. The coin has lost momentum after struggling to maintain levels above $3,950, now consolidating within the range of $3,700 to $3,800.

A rebound above $3,850 could pave the way toward $4,050-$4,200, while a breakdown below $3,700 may lead to further declines around $3,550-$3,600. Market participants are closely monitoring macro indicators and US labor data this week for potential market-moving catalysts.

The Crypto Fear and Greed Index is now at 36, which reflects a state of “Fear” in the market. This drop from an index of 35 yesterday, 42 last week, and 57 a month ago, signifies a clear transition from a neutral sentiment to a more risk-averse stance as traders react to recent declines. The trend indicates that market participants are reducing their exposure as they await stronger macro or on-chain signals before re-entering with confidence.

Recently, US Bitcoin spot ETFs experienced further net outflows on October 31, totaling $191.6 million according to SoSoValue’s data. Despite this daily outflow, total net inflows remain considerable at $61.19 billion, with total net assets at $147.73 billion—this represents 6.77% of Bitcoin's total market capitalization. The total trading value for the day reached $4.26 billion.

Among specific funds, BlackRock’s IBIT experienced the largest outflow with $149.33 million, followed by Ark & 21Shares (ARKB) at $19.3 million and Bitwise’s BITB with $17.88 million.

On the same day, Ethereum spot ETFs recorded net outflows of $98.2 million, with BlackRock’s ETHA leading these outflows at $38.63 million, followed by Fidelity’s FETH at $27.12 million, and Grayscale’s ETHE at $13.73 million.

However, cumulative net inflows for Ethereum remain strong with total inflows of $14.37 billion, and total net assets at $26.02 billion, equivalent to 5.58% of Ethereum’s total market capitalization.

In contrast, Solana spot ETFs had a successful day on October 31, reporting inflows of $44.48 million, according to SoSoValue. Overall net inflows for Solana now total $199.21 million, with total net assets reaching $502.04 million, representing 0.49% of Solana's market capitalization.

Among the listed funds, Bitwise’s BSOL led with $44.48 million in new inflows, while Grayscale’s GSOL reported no changes.

In other news, President Donald Trump stated he does not know who Changpeng “CZ” Zhao, the founder of Binance, is, even after issuing a pardon last month.