Why Is Cryptocurrency Rising Today? – November 6, 2025

The crypto market is seeing a stable day, with the global cryptocurrency market capitalization remaining at $3.49 trillion, showing no notable changes over the last 24 hours. Meanwhile, the total trading volume is currently at $162.6 billion, indicating that activity continues despite minor price fluctuations.

Key Takeaways

The global cryptocurrency market cap is steady at $3.49 trillion, with a 24-hour trading volume of $162.6 billion.
Bitcoin (BTC) is down by 0.6%, currently priced at $102,492; Ethereum (ETH) has fallen by 1.3% to $3,351.
The Fear & Greed Index stands at 24 (Fear), up from 20 yesterday.
Bitcoin ETFs experienced $137 million in outflows, while Ethereum ETFs saw $118.6 million in outflows.
Solana (SOL) ETFs attracted $9.7 million in inflows.
Ethereum whales accumulated 394,682 ETH valued at $1.37 billion in just three days.
Strong US economic data has increased investors' willingness to take risks.
Elon Musk's recent tweet about Dogecoin generated interest, but DOGE's price remained flat near $0.16.

Cryptocurrency Overview: Winners & Losers

Within the top 10 cryptocurrencies by market capitalization, most have experienced slight declines over the past day.

Bitcoin (BTC) is priced at $102,492, reflecting a 0.6% drop over the last 24 hours and a decline of 6.6% for the week.

Bitcoin Price

Ethereum (ETH) has similarly dropped by 1.3%, now valued at $3,351, with a weekly loss of 13.7%.

XRP (XRP) has shown a small increase of 1.6%, trading at $2.28.

BNB (BNB) is down by 1.1% at $943.91, while Solana (SOL) continues to decrease, down 0.9% to $157.47.

Dogecoin (DOGE) has slipped by 1.0% to $0.1613, and Cardano (ADA) has also decreased by 1.0% to $0.5296.

Among trending assets, Ergo (ERG) leads with a gain of 10.1%, followed by Zcash (ZEC) up 12.7%, while Concordium (CCD) has seen a slight decline of 0.3%. Notably, top gainers include Sapien (+160.7%), SOON (+98.7%), and Giggle Fund (+80.6%), indicating strong speculative interest in the altcoin space.

Recently, multiple Ethereum whales have boosted their holdings, acquiring 394,682 ETH worth $1.37 billion over just three days, suggesting a potential bullish trend for Ethereum’s long-term outlook amidst current market volatility.

Detailed analysis identified a major buyer who had borrowed 66,000 ETH from Aave; this whale repurchased 257,543 ETH at around $3,480, totaling approximately $896 million.

Bitcoin's Resurgence Above $103K Due to Strong US Economic Data

Bitcoin rebounded above $103,000 on Thursday, reflecting an increase in global equities following stronger-than-expected US economic data that enhanced investor confidence.

US Treasury yields and a strong dollar also influenced risk appetite, yet traders have adjusted their expectations regarding a near-term rate cut by the Federal Reserve, hinting at more stable policy conditions in the future.

Positive US services and payroll numbers lifted Wall Street and reignited buying momentum across various markets.

After experiencing volatility on Wednesday, derivatives activity in crypto has normalized, with traders focusing on $100,000 as critical support and $105,000–$107,000 as short-term resistance levels. Asian markets, such as Japan’s Nikkei and South Korea’s Kospi, also demonstrated optimism.

However, analysts caution that uncertainty surrounding US policies and potential political gridlock may limit gains, as ongoing government shutdowns and unavailable economic data complicate growth assessments.

For now, Bitcoin’s capacity to maintain levels above $100,000 is crucial in delineating stability from the risk of renewed selling pressure.

What to Watch: Levels & Upcoming Events

As of Thursday's writing, Bitcoin trades at $102,551, down 1.27% in the last 24 hours. The coin reached an intraday low of approximately $101,500 and briefly climbed back toward $103,000 before consolidating.

Bitcoin appears to be finding a foothold after a turbulent week, with critical resistance identified at $105,000 and $107,000. A daily close beyond $107,500 could pave the way towards $110,000, while failing to hold above $101,000 might trigger a deeper pullback to $98,500.

Ethereum (ETH) is currently priced at $3,350, representing a decline of 2.14% for the day. The asset dipped from an intraday high near $3,420 and tested low points around $3,300 before slightly recovering.

Ethereum Price

Should Ethereum reclaim the $3,450 level, it might retest resistance at $3,600 and $3,750. Conversely, if bearish trends persist, breaking below $3,300 could expose support at $3,150 and $3,000.

Market sentiment remains cautious, sitting within the fear zone on the Crypto Fear and Greed Index, which currently reads 24, up from 20 yesterday. Last week the index was at 34 (Fear), and a month ago, it was neutral at 59, highlighting a gradual decline in market confidence as volatility continues.

Fear & Greed Index

On November 5, spot Bitcoin exchange-traded funds (ETFs) registered $137 million in net outflows, indicating renewed selling pressure on institutional Bitcoin investment products, according to data from SoSoValue.

The cumulative total for all US spot Bitcoin ETFs now sits at $60.28 billion in net inflows, with total net assets reaching $139.15 billion, making up about 6.72% of Bitcoin’s market capitalization. Daily trading volume across these ETFs stood at $4.07 billion, indicating persistent institutional activity despite market challenges.

Among issuers, BlackRock’s IBIT experienced the highest outflows at $375.5 million, while Fidelity's FBTC recorded inflows of $113.3 million, the most positive flow of the day. Ark & 21Shares’ ARKB followed with $82.9 million in inflows, and Bitwise’s BITB added $17 million.

ETF Outflows

Ethereum ETFs also faced $118.58 million in net outflows on November 5. Among these, BlackRock’s ETHA led with $146.6 million in outflows, while Grayscale’s ETHE remained stable for the day. Fidelity's FETH and Grayscale’s ETH saw modest inflows of $3.45 million and $24.06 million, respectively.

The total cumulative net inflow for US spot Ethereum ETFs now totals $13.90 billion in net inflows, with total assets at $22.74 billion, representing 5.46% of Ethereum’s market cap. The daily trading volume reached $1.79 billion, illustrating ongoing market activity despite redemptions.

Ethereum ETF

Conversely, Solana ETFs have seen promising inflows, recording $9.7 million in additions on November 5. Bitwise’s BSOL led with $7.46 million, and Grayscale’s GSOL followed with $2.24 million, marking a good day for Solana-based institutional products.

Total cumulative net inflows for US spot Solana ETFs now stand at $293.8 million, while total net assets have reached $531.35 million, accounting for 0.59% of Solana’s market capitalization. Daily trading volume was $50.81 million, reflecting continued investor engagement despite recent market fluctuations.

Solana ETF

Lastly, Elon Musk recently reignited discussions around Dogecoin with his tweet "It’s time," sparking traders' interest in the meme market. Initially, Dogecoin did not see significant immediate movement but later slipped alongside the broader market. By early November 5, DOGE was trading lower in line with Bitcoin and Ether, stuck around $0.16.