Workflow
BNB(BNB)
icon
Search documents
Why Is Crypto Down Today? – November 4, 2025
Yahoo Finance· 2025-11-04 09:32
Market Overview - The cryptocurrency market capitalization decreased by 3.9% to $3.54 trillion, while the 24-hour trading volume increased to $223 billion, indicating a slight uptick in trading activity despite the overall market decline [1][8]. Crypto Performance - Among the top 10 cryptocurrencies, 9 experienced losses in the past 24 hours, with Bitcoin (BTC) down 2.8% to $104,577 and a market cap of approximately $2.08 trillion. Ethereum (ETH) fell 6.4% to $3,493, and BNB (BNB) lost 8.3%, trading at $946 [3][8]. - Other notable declines included XRP (XRP) down 6.7% to $2.25 and Solana (SOL) down 11.0% to $157. Dogecoin (DOGE) slipped 6.6% to $0.1625, while Cardano (ADA) fell 7.4% to $0.5349 [4][8]. Altcoin Highlights - Despite the downturn, some altcoins showed significant gains, with Jelly-My-Jelly (JMJ) surging 183.3%, Decred (DCR) increasing by 150%, and Zcash (ZEC) rising 19.4%. Trending tokens included Dash, Decred, and Zcash, reflecting renewed interest in privacy and masternode-based cryptocurrencies [4]. Institutional Activity - Michael Saylor's firm, Strategy, announced plans to launch a Euro-denominated credit instrument, STRE, aimed at European and global institutional investors. The company plans to offer 3.5 million shares of its 10% Series A Perpetual Preferred Stock, with proceeds intended for general corporate use and additional Bitcoin acquisitions [5]. - Strategy also made a recent Bitcoin purchase of 397 BTC worth $45.6 million between October 27 and November 2 [6]. Market Sentiment - The Fear & Greed Index dropped to 27 (Fear) from 36 the previous day, indicating a shift in market sentiment. Bitcoin ETFs saw outflows of $186.5 million, while Ethereum ETFs recorded $135.76 million in outflows. In contrast, Solana ETFs experienced inflows of $70.05 million [8]. - On-chain data suggests that institutional accumulation of Bitcoin has slowed, with inflows falling below new Bitcoin issuance for the first time in seven months [9].
Why Is Crypto Down Today? – November 3, 2025
Yahoo Finance· 2025-11-03 13:01
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].
Why Is Crypto Down Today? – September 24, 2025
Yahoo Finance· 2025-09-24 12:51
Market Overview - The global cryptocurrency market cap has decreased by 0.1% to $3.99 trillion, with a steady 24-hour trading volume of $163.7 billion [1][2]. Crypto Performance - Among the top 10 cryptocurrencies, 8 are experiencing losses over the past week. Bitcoin (BTC) is priced at $112,975, down 2.8% weekly, while Ethereum (ETH) is at $4,177.52, down 7% [3][4]. - Solana (SOL) has dropped 9.2% over the week, trading at $212.74, and Dogecoin (DOGE) leads the losses with an 8.5% decline, now at $0.2429 [3][4]. Altcoin Trends - A few altcoins are showing significant gains despite the overall market stagnation. Aster has increased by 24.8%, and SafePal has risen by 24.3%. Undeads Games has also seen a 5.8% uptick [5][6]. - In the top gainers category, Quanto and Slash Vision Labs both surged by 52.4%, while Fluid jumped 47.8% in 24 hours, indicating ongoing volatility in the altcoin market [6]. Institutional Trends - Companies are reportedly holding more Bitcoin than ETFs, which is helping to offset sell-offs by large holders, creating a structural floor for BTC prices [6][7]. - The CFTC's initiative to allow tokenized assets as collateral in derivatives markets is viewed as a significant advancement for digital finance [7]. ETF Outflows - US Bitcoin spot ETFs experienced a loss of $103.61 million on September 23, primarily due to a $75.56 million outflow from Fidelity's FBTC. US Ethereum spot ETFs saw $140.75 million in outflows, with FETH losing $63.40 million [7].
Why Is Crypto Up Today? – September 23, 2025
Yahoo Finance· 2025-09-23 12:37
Market Overview - The global cryptocurrency market capitalization has increased by 0.1% to $3.99 trillion, with a total trading volume of $175 billion over the last 24 hours [1]. Crypto Performance - Among the top 10 cryptocurrencies, six are experiencing losses in the past 24 hours. Bitcoin (BTC) is trading at $112,989, up 0.1% but down 2.2% for the week. Ethereum (ETH) is at $4,197, up 0.3% for the day but down 7.0% over the week. XRP has the largest daily gain at 1.8%, trading at $2.87, while BNB is up 1.9% to $1,000.34, with a 7.8% weekly gain [3]. - Solana (SOL) is the biggest daily loser, down 1.2% to $218.78. TRON (TRX) has fallen 0.5% to $0.3379, with a weekly drop of 2.2% [4]. Trending Tokens - Aster leads the trending tokens with a 9.2% gain, trading at $1.73, followed by OG at 2.9% to $5.52. Undeads Games is the biggest loser in this category, down 5.2% to $1.60 [4]. Gainers and Market Sentiment - AI Companions has surged 181.4%, followed by A Hunters Dream at 83.2% and Hemi at 54.3%, indicating strong short-term momentum among low-cap altcoins [5]. - The liquidation event on Monday involved $1.5 billion in leveraged liquidations, highlighting market fragility, but also suggesting a potential path for Bitcoin recovery [6][8]. Liquidation and Market Dynamics - The recent liquidation flush affected over 407,000 traders, with Bitcoin briefly dipping below $112,000, marking the largest liquidation event of the year [8]. - Analyst Shawn Young warns of macro fragility following the $1.5 billion in liquidations, indicating that Bitcoin must hold above $112,000 to avoid sliding to $107,000, while Ethereum faces key support at $4,000 [7]. ETF Outflows and Market Sentiment - US Bitcoin ETFs experienced outflows of $363.17 million on September 22, while US Ethereum ETFs saw $75.95 million in outflows. The CMC Fear & Greed Index has dropped to 40 from 56 last month, reflecting a shift in market sentiment [7].