Why Is Cryptocurrency Declining Today? – November 7, 2025

The cryptocurrency market experienced a slight downturn today, marked by a 0.7% decline in global market capitalization to $3.49 trillion, as reported by CoinMarketCap. Despite this dip, 24-hour trading volume remains robust at $180.4 billion.

Key Takeaways

The global cryptocurrency market cap fell 0.7% to $3.49 trillion, with 24-hour trading volume at $180.4 billion.
Bitcoin (BTC) dropped 0.2%, trading at $101,553, while Ethereum (ETH) decreased by 0.1%, settling at $3,336.
Asian equity markets reflected a downturn similar to Wall Street as AI stocks faced selloffs, coupled with disappointing U.S. job data.
Institutional interest in Bitcoin has slowed, with cooling inflows into treasury investments and ETFs.
The Fear & Greed Index fell to 21, indicating a state of fear among investors compared to 24 yesterday and 62 a month prior.
Bitcoin ETFs saw a rebound with $240 million in inflows, while Ethereum ETFs gained $12.5 million.
Traders maintain a cautious stance due to the ongoing U.S. government shutdown and speculation around Federal Reserve rate cuts.

Crypto Market Image

Cryptocurrency Market Overview

As of this writing, most major cryptocurrencies have experienced a downturn over the past 24 hours.

Bitcoin (BTC) is currently priced at $101,553, showing a 0.2% decrease and boasting a market cap of $2.02 trillion.

Bitcoin Price Chart

Ethereum (ETH) has faced a minor decline of 0.1% to $3,336. Conversely, Binance Coin (BNB) saw a slight uptick of 0.4% to $964.83.

Amidst this decline, XRP (XRP) distinguished itself by rising 4.5% to $2.22, making it one of the few cryptocurrencies in the green.

Solana (SOL) decreased by 1.2% to $157.21, while Cardano (ADA) increased by 1.8% to $0.5455. Dogecoin (DOGE) also rose by 1.6%, reaching a price of $0.1663.

Despite the overall market downturn, several smaller cryptocurrencies recorded impressive gains, including DeAgentAI (DAI) which soared by 618.7%, Internet Computer (ICP) with a 4.4% increase, and Zcash (ZEC), which rose by 19.5%.

Noteworthy gainers also include sudeng (+248.4%) and DUSK (+59.5%), indicating renewed speculative interest in smaller-cap tokens.

Currently trending coins on CoinMarketCap are DeAgentAI, Internet Computer, and Zcash, as investors show increasing interest in AI-related and privacy-focused projects amid a cautious trading atmosphere.

Market Sentiment and Performance

Asian markets opened lower on Friday, aligning with a global risk-off sentiment that has impacted both equities and cryptocurrencies.

Digital assets, including Bitcoin, further retreated following data indicating weak demand and lower treasury inflows from large investors. The total crypto market cap dipped around 2% to $3.47 trillion, with Bitcoin decreasing by 1.5% to $101,545 and Ether declining by 2.5% to $3,320.

The declines mirrored those in regional equity markets, where Japan’s Nikkei 225 fell 1.75%, and Hong Kong’s Hang Seng Index decreased by 0.74%.

This downturn followed a significant selloff in Wall Street's tech and AI stocks, particularly in the Nasdaq, which dropped 1.9% due to profit-taking after a period of gains driven by AI trends.

Additionally, fresh labor statistics revealed 153,074 job cuts for October, nearly triple that of last year, raising concerns about a potential economic slowdown.

Analysts noted that these losses illustrate the cautious positioning of investors as the earnings season concludes and the prevailing U.S. government shutdown clouds the outlook on economic indicators.

While institutional demand for Bitcoin is showing signs of cooling, with reduced activity from major holders like MicroStrategy and notable outflows from crypto ETFs, analysts believe that markets remain stable. Traders are closely watching for any Federal Reserve support should funding pressures escalate.

Key Levels and Upcoming Events

As of this writing, Bitcoin is priced at $101,440, representing a slight increase of 0.15% for the day. The cryptocurrency remains under pressure, struggling to regain the $103,000 mark. Its trading range for the day has been between $100,800 and $102,300, showing a cautious approach amongst traders in light of recent marketwide declines.

A strong daily close above $103,000 may pave the way for testing the $105,000–$107,000 levels, where previous resistance persists. Conversely, losing the support level of $100,000 may expose Bitcoin to deeper retracements toward $98,500 and $96,800, key areas where buyers previously intervened.

Meanwhile, Ethereum (ETH) is trading at $3,337, marking a small gain of 0.72% in the last 24 hours. Despite this uptick, ETH continues to trend near its monthly lows after significant corrections earlier in the week.

Ethereum Price Chart

A recovery above the $3,400 threshold could set the stage for prices to ascend towards $3,600–$3,750, while failing to maintain levels above $3,300 could trigger further declines towards $3,150 or even $3,000.

Traders are attuned to macroeconomic factors, particularly the ongoing U.S. government shutdown and expectations around Federal Reserve interest rate decisions, as potential influencers on the short-term momentum for both Bitcoin and Ethereum.

Market sentiment has deteriorated significantly, as highlighted by the CMC Crypto Fear and Greed Index, which has dropped to 21, indicating fear in the market.

The index stood at 24 yesterday, 31 last week, and peaked at 62 a month ago, illustrating a stark transition from a "Greedy" sentiment to deep caution.

Fear and Greed Index

On November 6, Bitcoin spot ETFs rebounded strongly, recording $240.03 million in total net inflows, as reported by SoSoValue.

Total inflows across all Bitcoin ETFs now reach $60.52 billion, with total net assets totaling $135.43 billion, which corresponds to 6.73% of Bitcoin’s overall market capitalization. The trading volume for the day stood at $4.77 billion, indicating steady institutional participation despite recent volatility.

Among individual funds, BlackRock’s IBIT saw the largest inflow at $112.44 million, followed by Fidelity’s FBTC with $61.64 million, and Ark & 21Shares’ ARKB with an addition of $60.44 million. Meanwhile, Bitwise’s BITB recorded $5.5 million in net inflows, while Grayscale’s GBTC remained stable for the day.

ETF Inflows Chart

Spot Ethereum ETFs also witnessed moderate inflows on November 6. Leading individual funds included BlackRock’s ETHA with $8.01 million, Fidelity’s FETH with $4.95 million, and Bitwise’s ETHW gaining $3.08 million.

Cumulative net inflows now total $13.91 billion, with total net assets reaching $21.75 billion, making up 5.45% of Ethereum’s total market capitalization. The total trading volume for the day was $1.62 billion, showcasing steady participation from major issuers.

Ethereum ETF Inflows Chart