- Crypto Market Plunge: The total cryptocurrency market cap shrank about 3% (to ~$3.6–3.7 trillion) on November 3, 2025, as a broad sell-off hit Bitcoin, Ethereum, and major altcoins [1] [2]. Bitcoin (BTC) sank roughly 4% toward the $105K level, while Ether (ETH) fell around 7% to the mid-$3,600s, with many top altcoins diving 5–10% in 24 hours [3] [4].
- Fed’s Hawkish Shock:Federal Reserve Chair Jerome Powell’s latest comments jolted markets. After an October rate cut, Powell warned that another cut in December is “not a foregone conclusion,” dashing hopes of easy money [5]. This hawkish stance (and anticipation of U.S. jobs data due later in the week) sparked a risk-off wave, sending crypto prices tumbling [6] [7].
- Cascade of Liquidations: The sudden downturn triggered a wave of leveraged position liquidations across crypto exchanges. More than $1 billion in long and short contracts were wiped out on Monday alone [8] [9]. Over 160,000 traders saw positions hit, with roughly $300–400 million in longs forced closed in 24 hours (ETH and BTC longs were hardest hit) [10] [11]. Analysts warned that a break below key support (around $106K BTC) could unleash another $6 billion in liquidations, underscoring the market’s fragility [12].
- Altcoins & Stocks Slump Harder:Altcoins bore the brunt of the sell-off as traders fled to relative safety. Ethereum, Binance Coin (BNB), Solana (SOL), XRP, Cardano (ADA) and Dogecoin (DOGE) all plunged 5–10% on the day [13] [14]. XRP, for instance, dropped 4.7% to about $2.40, making it one of the weakest majors [15]. The rout spilled into crypto-linked stocks as well – Coinbase, MicroStrategy, and crypto miners fell 3–4%, while newly public crypto firms like Circle and Gemini slid ~6–7% [16]. Bitcoin dominance ticked up above 60% amid the turmoil as investors rotated out of smaller coins [17].
- Outlook – Caution Short-Term, Optimism Long-Term: In the near term, macro fears and volatility are expected to persist. “Crypto markets retreated… after Powell signalled a December cut isn’t guaranteed, dampening hopes for looser financial conditions,” noted Simon Peters of eToro [18]. However, many analysts remain bullish into year-end and beyond. Historical trends show November is often crypto’s strongest month (averaging ~40% BTC gains) [19], and some experts believe this dip is a healthy pullback. Prominent bulls like Fundstrat’s Tom Lee even reaffirmed sky-high targets – seeing Bitcoin rallying to $200K and Ether to $7K by year-end (an aggressive call requiring a near-doubling in two months) [20] [21]. More conservatively, others predict BTC will reclaim the $120K+ range if favorable macro news returns [22]. In short, the crypto market is caught between short-term caution and long-term optimism, as investors digest this latest shock.
Fed’s Hawkish Surprise Sparks a Sell-Off
A macroeconomic curveball from the U.S. Federal Reserve set the tone for the crypto downturn. Late last week, the Fed delivered a widely expected 0.25% interest rate cut – normally a bullish sign for risk assets – but Chair Jerome Powell’s commentary after the meeting came in far more hawkish than traders hoped. Powell cautioned that another rate cut in December is “not a foregone conclusion,” explicitly pushing back on market expectations of a quick easing cycle [23]. This hawkish Fed bombshell immediately soured sentiment across markets, boosting the dollar and prompting investors to de-risk. “Crypto markets retreated 6.5% last week, after Fed Chairman Powell signaled that a December interest rate cut is not a foregone conclusion, which dampened investors’ expectations for looser financial conditions in the short-term,” explained Simon Peters, crypto analyst at eToro [24].
In the days heading into November, traders had been optimistic that cooling inflation would encourage more Fed rate cuts. In fact, prior to Powell’s comments, futures had priced in a ~95% chance of a December rate reduction – a probability that collapsed to under 70% after his press conference [25]. This abrupt shift in outlook acted as a gut-punch to risk appetite, reversing what had been a moderate late-October crypto rally. The timing couldn’t be worse: investors were already on edge awaiting a key U.S. jobs report at the end of the week (a report expected to show slower hiring and a fragile economy) [26]. Rather than cheer weak data as a sign of Fed relief, markets began fearing that any future rate cuts might come for the wrong reasons – namely, a deteriorating economy. U.S. Treasury Secretary Scott Bessent added to those worries by warning that the Fed’s past tightening “may have driven parts of the economy, particularly housing, into recession,” suggesting rate cuts ahead would be reactive to economic pain, not proactive confidence [27].
Global financial news compounded the caution. Hopes for a breakthrough in U.S.–China trade talks briefly lifted risk sentiment early Monday, amid reports of progress toward a trade deal [28]. However, that optimism was fleeting – by mid-morning, attention swung back to central banks and economic fundamentals. In October, geopolitical tensions had already shown their power to rattle crypto: an escalation of the U.S.-China trade war on Oct. 10 (with the U.S. suddenly announcing harsh 100% tariffs on Chinese goods) sent Bitcoin plunging 8%+ that day [29] [30]. Now in early November, with monetary policy uncertainty front and center, crypto traders braced for more turbulence. In short, the Fed’s signal that easy money may not return so soon delivered a one-two punch of a stronger dollar and weaker risk appetite – a recipe for crypto declines.
Weekend Slide Accelerates: Bitcoin & Ethereum Tank
Against that jittery macro backdrop, the crypto market was already showing signs of fatigue. Over the weekend, prices had begun drifting lower, and that decline accelerated sharply on Monday morning (Nov 3) once U.S. trading desks came online [31]. Bitcoin, which had hovered above $110,000 for much of late October, broke below $108,000 overnight. As selling pressure intensified, BTC plunged to about $105,500 in the early U.S. hours [32] [33]. By afternoon, the leading cryptocurrency was nursing a 4% 24-hour drop (and roughly 8% loss over the past week) [34]. This retreat fully erased the bounce that followed the Oct. 10 trade-war scare, bringing prices back near the lows of that prior “flash crash.”
Ethereum and other majors fared even worse in the pullback. Ether (ETH) sank under the key $3,600 level, marking about a 7% single-day drop (and –14% on the week) [35]. The No. 2 crypto had been struggling to stay above $4,000 in late October and now abruptly lost that handle. Altcoins across the board were bleeding: Solana (SOL), Binance Coin (BNB), Dogecoin (DOGE), and Cardano (ADA) all crumbled roughly 8–10% in 24 hours [36]. For example, BNB slid toward ~$1,000 (-6%) and Solana fell to ~$176 (-5–6%), levels not seen in weeks [37]. Even previously resilient performers succumbed – XRP dropped 4.7% to about $2.41, making it “the weakest major altcoin amid broader crypto weakness,” according to Finance Magnates [38]. In fact, virtually all of the top 50 digital assets were in the red, aside from a couple of niche exceptions driven by idiosyncratic news (such as ASTER, which jumped after a surprise endorsement from Binance’s founder) [39].
To put the rout in perspective, the total market capitalization of cryptocurrencies fell from roughly $3.8 trillion to about $3.68–3.69 trillion on the day [40] [41]. That means roughly $120 billion of paper value was erased in 24 hours. “The crypto market turned sharply lower on Monday… global risk sentiment weakened following fresh remarks from Fed officials,” Binance’s market update reported [42]. By some measures, overall crypto market indices were down ~4% on the day [43], kicking off November in the red.
Crucially, no single crypto-specific catastrophe (such as an exchange collapse or major hack) was behind this sell-off. Rather, it appeared to be a confluence of macro-driven selling and market structure factors. Profit-taking by long-term holders played a role – on-chain data showed some large wallets taking profits consistently during the recent plateau above $110K, which “capped” Bitcoin’s upside momentum in October [44]. Once prices started falling, technical levels gave way quickly and stop-loss orders cascaded, adding fuel to the drop. As one analyst observed, Bitcoin had formed a bearish “megaphone” chart pattern, and its breakdown signaled further downside; veteran trader Peter Brandt even announced he opened a short position as this pattern confirmed, expecting a deeper pullback ahead [45]. In essence, bearish technical signals converged with negative macro news, unleashing a swift correction.
$1 Billion Liquidated: Leverage Unwinds in a Flash
The speed and severity of Monday’s plunge were exacerbated by the high leverage many traders had accumulated during the prior weeks of range-bound trading. When prices fell through support, margin calls and liquidations kicked in en masse. According to CoinGlass data, the sell-off “rippled across derivatives markets,” wiping out over $1 billion worth of leveraged positions across all digital assets on Monday [46]. Binance’s figures showed more than 162,000 traders were liquidated in 24 hours, with total futures losses around $395.7 million – and a whopping $334.7 million of that was long positions caught off guard by the reversal [47].
In other words, a huge number of traders had been betting on further upside, using borrowed funds to long Bitcoin, Ether, and other coins. The sudden drop triggered a domino effect: as prices hit liquidation thresholds, exchanges automatically sold off those positions, driving prices even lower and in turn forcing the next wave of liquidations. This cascading effect was most pronounced once Bitcoin breached about $107,500. Analysts noted that BTC slipping below that level “triggered a wave of forced liquidations, further amplifying selling pressure” [48].
The pain was spread across major assets. Ethereum futures saw roughly $85.6 million in long positions liquidated, the largest wipe-out of any single crypto [49]. Bitcoin longs weren’t far behind with about $74.6 million vaporized. Even popular altcoins got caught in the storm: Solana futures had $35 million in longs blown out in a day [50]. By some accounts, total liquidations on ETH actually exceeded the damage to BTC, reflecting that traders were even more overextended on Ether’s recent run-up. CoinDesk reported that more than $1 billion in leverage went up in smoke across the market, underscoring just how volatile and over-levered the crypto ecosystem was to begin with [51].
Liquidation data paints a cautionary tale. The majority of positions liquidated were longs, but there were also around $60+ million in short positions closed out (as some shorts got squeezed during brief bounces amid the chaos) [52]. This indicates extremely choppy conditions that punished traders on both sides who were too highly leveraged. “Heightened caution” is warranted, Binance warned, noting that if Bitcoin were to fall under ~$106,000, it could “face another $6 billion in liquidations” from a surge of stop-loss events lurking below that level [53]. In short, the market is walking on a knife’s edge: any further downward spike could trigger yet another avalanche of forced selling, whereas stability above support might allow leverage to rebuild. The lesson from Monday’s carnage is clear – volatility cuts deep when traders are over-leveraged, and the crypto market’s notorious leverage-fuelled swings are alive and well in 2025.
Altcoins Crushed as Investors Flee Risk
This latest downturn was felt unevenly across the crypto spectrum. Historically, when the crypto market turns south, altcoins tend to suffer more than Bitcoin, and Nov. 3 was no exception. Bitcoin’s market dominance (its share of total crypto capitalization) climbed to about 60% – a level not seen in some time – as investors rotated out of riskier small-cap coins into the relative safety of BTC and stablecoins [54].
Major altcoins significantly underperformed Bitcoin in this drop. For context, Bitcoin’s ~4% daily loss looked almost mild next to the plunge in top alternative assets. As noted, Ether’s ~7% drop was roughly double BTC’s in percentage terms [55]. Binance’s BNB, the fourth-largest crypto, shed around 6–7% to trade just below $1,000 [56]. Solana (SOL) – which had been on a tear in October and even inspired new ETF products – fell ~5–6% to the mid-$170s [57]. Meme-favorite Dogecoin lost over 6% of its value, retreating to just $0.17 [58]. Even XRP, which often trades on its own news, sank nearly 5% to ~$2.40 [59]. Other notable losers included Cardano (ADA) and Polygon (MATIC), each down high-single-digits, and newer high-flyers like Sui (SUI) which continued a post-ICO tailspin.
Altcoins had already been lagging in recent weeks. Glassnode analysts pointed out that the proportion of altcoin supply in profit had fallen to levels “only seen during the [U.S.-China] tariff war and the 2022 bear market,” meaning many altcoin holders were underwater even before this dip [60]. That weakened state made alts especially vulnerable to a shake-out. As Monday’s selling hit, passive altcoin investors got hit hard – “it’s extremely likely you’ve underperformed BTC” if you held a broad alt portfolio, Glassnode quipped in a note [61].
There were a few isolated bright spots. A handful of tokens actually saw gains, driven by unique catalysts. For instance, Aster (ASTER) spiked ~8% after Binance co-founder Changpeng “CZ” Zhao publicly disclosed he bought a large chunk of the token, boosting confidence in that project [62]. Similarly, a couple of exchange tokens and niche DeFi coins ticked up due to internal news. But these were rare exceptions in a sea of red.
The bigger picture is that investors showed flight-to-quality behavior within crypto. Bitcoin – viewed as the most established and least volatile major asset – held up better than the rest. Stablecoins saw heavy volume as traders parked funds on the sidelines. And altcoins with less liquidity or more speculative narratives were swiftly repriced downward. This pattern reflects a de-risking mindset: when uncertainty is high, even crypto diehards trim the fat from their portfolios and stick with what they consider safer bets. Unfortunately for altcoin aficionados, that meant steep losses on Nov. 3.
Looking forward, altcoin bulls hope this is a temporary capitulation event. It’s worth noting that just last week, October ended with altcoins broadly higher, capping a mostly positive month (often dubbed “Uptober”). In fact, October 2025 still saw net inflows into both Bitcoin and Ethereum ETFs – indicating fresh money coming into those majors [63]. But Monday’s rout erased a chunk of those gains, and the Crypto Fear & Greed Index slipped deeper into “Fear” territory (registering around 42/100, firmly on the fearful side) [64]. Sentiment for smaller caps is especially shaky now. Traders will be watching if beaten-down alts can find support and stage a relief bounce, or if Bitcoin’s relative strength continues to leave them behind in the near term.
Institutional Outflows & Crypto Stocks Join the Retreat
Another notable feature of this downturn is the role of institutional investors and related markets. In the lead-up to Nov. 3, there were clear signs that big-money players were paring back crypto exposure, contributing to the market’s weakness. Exchange-traded crypto funds (ETFs/ETPs) in particular saw heavy withdrawals. Bloomberg data (via CoinShares) show that in the week ending Nov. 3, global crypto investment products suffered $360 million in net outflows, including an eye-popping $435 million exodus from U.S.-based funds [65]. Binance’s research corroborated this trend, noting U.S. spot Bitcoin ETFs alone bled ~$1.15 billion in outflows last week, led by marquee names like BlackRock, ARK Invest, and Fidelity [66]. In short, many institutional participants took money off the table as October drew to a close.
These outflows marked a sharp reversal from earlier bullish flows. For example, spot BTC ETFs had seen strong inflows in October (over $3.4 billion net for the month) amid optimism around new fund launches [67]. But by late October that momentum stalled. “We observed a rare off week in flows for the iShares Bitcoin Trust, a sharp decline from the >10K BTC per week that preceded each major rally this cycle,” noted Bloomberg ETF analyst Eric Balchunas, pointing to a “notable slowdown in institutional demand.” [68]. In fact, over the past three weeks, BlackRock’s flagship Bitcoin ETF averaged less than 600 BTC of net inflows weekly, a far cry from the torrent of buying seen earlier in the year [69]. This suggests that big investors became more cautious, perhaps due to the very macro factors discussed above (Fed policy, etc.). As CoinShares’ research head James Butterfill observed, the late-October crypto optimism was largely macro-driven – sparked by a cooler-than-expected CPI inflation reading – and thus just as easily snuffed out by macro jitters [70].
Interestingly, not all institutional moves were exits – some rotations were happening within crypto. For instance, even as Bitcoin and Ethereum funds saw redemptions, newly launched Solana-focused funds attracted money. The first-ever Solana staking ETF (ticker BSOL by Bitwise) debuted with a massive $417 million inflow in its opening week, outshining all other crypto ETPs [71] [72]. This indicates certain investors are betting on specific high-growth ecosystems (Solana in this case) despite the broader pullback. However, Solana’s price did not escape the downturn – SOL still corrected about 5% from its pre-ETF highs, implying that those fund inflows may have come from rotation (shifting capital from one crypto to another) rather than entirely fresh money [73] [74].
Beyond funds, crypto-related equities mirrored the drop in coin prices, reinforcing how intertwined the crypto market has become with traditional markets. Shares of major crypto firms slid on Nov. 3, underperforming the broader stock market. By the afternoon, Circle (issuer of USDC) stock was down about 7%, and Gemini (the exchange) fell about 6% [75]. Coinbase (COIN), the largest U.S. crypto exchange, saw its stock decline roughly 4% [76]. Bitcoin mining companies like Marathon Digital (MARA) similarly dropped ~4%, as did Riot Platforms (another miner, not explicitly cited above but typically moves in tandem). Even MicroStrategy (MSTR) – essentially a proxy for Bitcoin holdings – slid 3%, despite only modest leverage, reflecting general risk-off sentiment [77]. Meanwhile, retail trading app Robinhood (HOOD), which offers crypto trading and was set to report earnings, also lost about 3% [78].
These moves underscore that when crypto sneezes, related stocks catch a cold. It’s worth noting that the broader equity market was actually up on Nov. 3 – the S&P 500 and Nasdaq rallied on the back of big tech news (like Amazon’s multi-billion dollar AI deals) [79]. But crypto equities decoupled and fell, tracking the digital assets they’re tied to rather than the general market. CoinDesk’s analysts flagged this decoupling, suggesting it could even be an “early warning signal” for tech stocks: “BTC has recently decoupled from the Nasdaq… In 2021, BTC topped in November and stocks followed a month later,” noted Omkar Godbole, hinting that exuberance in equities (especially in hot sectors like AI) might face a reckoning just as crypto is now [80]. While it’s too soon to tell if that omen will play out, the immediate takeaway is clear – institutional investors pulled back from crypto en masse, and the sell-off hit both tokens and traditional financial instruments tied to the crypto sector.
On the regulatory front, there wasn’t a singular new crackdown or policy change on Nov. 3 moving prices. The U.S. regulatory climate in late 2025 has actually been gradually improving (for instance, the SEC has been approving crypto ETF listing standards and providing clearer rules) [81]. However, one factor that likely tempered bullishness was the fallout from October’s U.S. government shutdown, which delayed a wave of anticipated ETF approvals. Many expected multiple crypto ETF greenlights in October, but the SEC’s decision-making was paused during the federal shutdown [82], pushing those catalysts into later November. This minor letdown removed a potential positive driver that might have otherwise countered some macro negativity. In summary, regulatory news wasn’t the cause of the Nov. 3 dip – if anything, the regulatory outlook remains cautiously optimistic – but institutional behavior (influenced by both macro and regulatory factors) clearly leaned bearish in the immediate term, as evidenced by fund outflows and stock declines.
Short-Term Jitters vs. Long-Term Optimism: What Experts Say
With the crypto market suddenly on its back foot, analyst opinions have split on what comes next. In the short term, caution reigns. The convergence of a hawkish Fed, shaky economic signals, and technical breakdowns means volatility could persist through the coming weeks. “This downturn reflects rising volatility and heightened risk sentiment, with traders facing increased pressure amid sudden market swings,” observed one TradingView market update, capturing the nervous mood [83]. Many analysts are eyeing those key support levels – for Bitcoin, ~$105K (where it bounced off on Nov. 3) is the first line in the sand, followed by the $100K psychological level and then ~$98K (the area of the early October lows). “So long as bulls defend the $100K handle, optimism survives, but a breach could accelerate the correction,” noted one technical strategist. On Ethereum, retaining support in the mid-$3,600s is critical to avoid a slide toward $3,300. In other words, near-term price action will be driven by whether crypto can stabilize above these supports while the macro clouds linger.
Macro analysts also caution that more shoes could drop. The upcoming U.S. jobs report (and other data like CPI inflation mid-month) could inject either relief or further angst. If economic data comes in surprisingly strong, it might reignite fears of Fed tightening (bad for crypto), whereas very weak data could spark growth fears (also bad for risk appetite). The “goldilocks” scenario would be mildly soft data that persuades the Fed to ease up without indicating a severe downturn – a tough needle to thread. Until that picture clarifies, traders may remain skittish. “I expect a choppy November,” said Nic Puckrin of Coin Bureau, citing macro uncertainty and the end of Fed quantitative tightening as factors that will keep markets guessing [84]. Puckrin notes that global liquidity is actually improving – several central banks abroad are easing, and the Fed itself signaled it will halt its balance sheet runoff by December [85] [86]. These are longer-term positives, but in the short run, the market will be volatile as it digests the new interest rate regime.
On the flip side, long-term crypto believers are doubling down on their bullish outlook even amid the dip. Historical patterns provide some encouragement: November has often been a boom month for Bitcoin. “Historical data show November as the strongest month for BTC, averaging returns above 40% across the past decade,” noted Emir Ebrahim, an analyst at digital asset firm ZeroCap [87]. He argues that with “macro uncertainty easing and risk sentiment gradually improving,” the stage could be set for a year-end rally once this bout of consolidation is over [88]. Indeed, parts of the macro picture are turning more favorable: inflation has been trending lower and several major central banks (like the Bank of England and Bank of Japan) were already poised to cut rates or hold steady around this time [89] [90]. If the Fed pivots to a clearer easing stance by early 2026, that could remove a big headwind.
Furthermore, crypto-specific fundamentals continue to advance. Institutional adoption is expected to deepen over the next 3–5 years, not shrink [91]. Even as some funds saw outflows now, the broader trend is one of integration: more banks and asset managers are building crypto offerings, more jurisdictions have clearer regulations (e.g. Europe’s MiCA framework), and new investment vehicles (from Ethereum ETFs to tokenized assets) are launching [92] [93]. These developments support the bull case that “crypto’s integration into traditional finance” will drive the next leg up, as noted in a BreakingCrypto analysis [94]. In essence, temporary turbulence aside, the long game still favors growth, with crypto moving from a fringe asset class to a mainstream component of portfolios.
No one embodies the ultra-bullish long-term view quite like Tom Lee of FundStrat. Even on this very down day, Lee went on CNBC to reiterate his sky-high targets: he believes Bitcoin can still hit $200,000by the end of 2025, and Ethereum around $7,000 by early 2026 [95] [96]. Those figures sound fantastical with BTC currently near $105K – they imply roughly a doubling in price in less than two months – but Lee remains convinced of an epic Q4 rally. “Right now fundamentals are leading prices in crypto,” he said, arguing that this pullback is driven by fundamentals (like interest rates) and once those stabilize, “we consolidate and then we rally into year-end.” [97] Lee’s optimism is partly fueled by the idea that a wall of institutional money could flow back into crypto if the Fed definitively signals an easing cycle (and if, say, multiple spot Bitcoin ETFs officially launch and attract pent-up demand). While few others go as far as Lee’s $200K call, a number of analysts share a milder version of that optimism – for example, Shawn Young, chief analyst at MEXC, forecasts BTC will reach $125,000–$130,000 by year-end and then consolidate in that range [98]. His view is that breaking above ~$113K would trigger the next leg up toward new highs, “paving the way to $117K, and with favorable macro news, a retest of the all-time high ~$126K.” [99] In other words, one more catalyst could put the bull run back on track.
Beyond year-end, the 2024 outlook also has tailwinds: the next Bitcoin halving (slated for April 2024) historically has been bullish, major tech firms are diving into crypto and blockchain (which could spur adoption), and as mentioned, a more accommodative Fed could boost all risk assets. However, none of that is guaranteed, and bears caution that the classic four-year cycle might not repeat perfectly this time. On Nov. 3, some even questioned if the crypto bull run is fizzling. “Bitcoin’s four-year market cycles [are] questioned as it crashes 4% to $106,000,” headlined AInvest news, highlighting that this pullback is causing some analysts to reconsider the trajectory [100]. Ki Young Ju, CEO of CryptoQuant, noted that “structural shifts in liquidity sources” (e.g. more institutional and less retail-driven flows) could be reshaping Bitcoin’s market behavior, potentially making historical patterns less predictive [101]. Meanwhile, Coin Bureau’s Puckrin, despite being long-term bullish, expects a volatile ride – he points out that even if macro conditions improve, fiat currency weaknesses and other global factors (like geopolitical events) will inject swings in crypto markets [102].
Bottom line: In the aftermath of the Nov. 3 sell-off, the crypto market sits at a crossroads. Short-term sentiment is subdued – fears of a further pullback haven’t dissipated, and traders are treading carefully, eyes fixed on central bank signals and economic data. But at the same time, the long-term narrative for crypto remains intact, if not strengthened, by how closely it’s now tied to macro trends. The very fact that Fed policy moves trillions in crypto markets is proof of how far the asset class has come. For investors with a multi-year horizon, the recent dip may even be seen as an opportunity: a chance to accumulate top assets at a relative discount before the next upswing. As always, much will depend on how both Wall Street and Main Street react in the coming weeks. If inflation stays tame and the Fed plays nice, risk appetite could roar back – validating the bulls. If not, crypto could continue to languish or slide further – giving bears the upper hand.
For now, November 3, 2025 will be remembered as the day a hawkish Fed and a cascade of liquidations knocked the high-flying crypto market down a peg. Whether it proves to be a minor setback on the way to new highs (as history would suggest for November) or the start of a deeper correction remains the burning question. In the words of one analyst, “the crypto market is at a make-or-break juncture – and all eyes are on the next macro catalyst.” One thing is certain: volatility isn’t going away, so traders and investors alike should buckle up for a pivotal end to the year in crypto.
Sources: Crypto market data and expert commentary have been drawn from Binance Research [103] [104], CoinDesk [105] [106], Finance Magnates [107] [108], Reuters [109] [110], and other reputable industry outlets as of November 3, 2025, to ensure all information is current and accurate. All price references are approximate.
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