Why Is Crypto Down Today? – November 3, 2025

Market Overview - The global crypto market capitalization has decreased by 3.5% to $3.69 trillion, with a 24-hour trading volume of $143.9 billion, indicating a slight recovery in market activity after a volatile weekend [1][8]. Cryptocurrency Performance - Major cryptocurrencies are experiencing declines, with Bitcoin (BTC) down 2.9% to $107,896 and a market cap of $2.15 trillion, while Ethereum (ETH) fell 4.5% to $3,713 [3][8]. - Other notable declines include BNB (down 6.3% to $1,018), Solana (SOL down 5.6% to $175.45), XRP (down 5.3% to $2.40), and Dogecoin (DOGE down 6.6% to $0.1744) [3][4][8]. Altcoin Movements - Despite the overall downturn, some altcoins have shown significant gains, such as Jelly-My-Jelly (JMJ) which surged 91.3%, OG up 38.3%, and DigiByte up 27.6% [4]. Market Sentiment and Whale Activity - The market sentiment remains cautious, with Bitcoin dominance stable above 44%. Traders are monitoring for potential short-term corrections due to selling pressure [5]. - Two prominent Bitcoin whales have transferred over $1.8 billion in BTC to exchanges, raising concerns about potential sell-offs. Notably, BitcoinOG transferred approximately 13,000 BTC ($1.48 billion) to Kraken, while Owen Gunden moved 3,265 BTC ($364.5 million) [6][8]. ETF Movements - Bitcoin ETFs experienced outflows of $191.6 million, while Ethereum ETFs lost $98.2 million. In contrast, Solana ETFs gained $44.48 million [8]. Broader Economic Context - The market's weak risk appetite is influenced by the Federal Reserve's cautious tone regarding rate cuts and thin liquidity in Asian markets. The Fear & Greed Index has dropped to 36, indicating a state of fear among investors [8].