The cryptocurrency market is trading lower today, with total market capitalization down 3.9% to $3.54 trillion, according to data from CoinMarketCap. However, 24-hour trading volume rose to $223 billion, indicating a slight uptick in activity despite the market-wide decline. TLDR: The global crypto market cap dropped 3.9% to $3.54T; 9 of the top 10 coins fell; BTC -2.8% to $104,577, ETH -6.4% to $3,493; Fear & Greed Index plunged to 27 (Fear) from 36 yesterday; BTC ETFs saw $186.5M outflows; ETH ETFs recorded $135.76M outflows; SOL ETFs bucked the trend with $70.05M inflows; Strategy announced a Euro-denominated preferred stock offering to fund more Bitcoin buys; FTX withdrew its plan to restrict repayments in 49 jurisdictions after creditor 2 Winners & Losers At the time of writing, 9 of the top 10 cryptocurrencies are in the red over the past 24 3 (BTC) slid 2.8% to $104,577, holding a market cap of about $2.08 4 (ETH) fell 6.4% to $3,493, while BNB (BNB) lost 8.3%, now trading at $946.
XRP (XRP) dropped 6.7% to $2.25, and Solana (SOL) suffered one of the steepest declines among majors, down 11.0% to $157. Dogecoin (DOGE) slipped 6.6% to $0.1625, while Cardano (ADA) extended losses to $0.5349, down 7.4% in the past 24 5 the downturn, a few altcoins stood out with remarkable gains. Jelly-My-Jelly (JMJ) surged 183.3%, followed by Decred (DCR) with a 150% jump, and Zcash (ZEC) up 19.4%. Meanwhile, trending tokens included Dash , Decred , and Zcash , reflecting renewed interest in privacy and masternode-based cryptocurrencies amid heightened volatility.
Meanwhile, Michael Saylor’s Bitcoin-focused firm, Strategy, has announced plans to launch a Euro-denominated credit instrument under the ticker STRE, marking its first-ever issuance aimed at European and global institutional 6 is offering $STRE (“Stream”), our first ever Euro-Denominated Perpetual Preferred Stock, to European and global institutional investors. $MSTR 7 — Michael Saylor (@saylor) November 3, 2025 The company intends to offer 3.5 million shares of its 10% Series A Perpetual Preferred Stock, with proceeds earmarked for general corporate use and additional Bitcoin 8 announcement coincides with Strategy’s latest Bitcoin purchase of 397 BTC worth $45.6 million made between October 27 and November 9 Slips Below $107K as ETF Outflows and Whale Selling Pressure Market Bitcoin dropped 2% in early Asian trading, sliding below $107,000 amid continued ETF outflows and profit-taking by large 10 move extended the market’s cautious tone from late October’s $19 billion washout, with traders viewing the pullback as consolidation after a volatile stretch.
On-chain data shows institutional accumulation has slowed, with inflows falling below new Bitcoin issuance for the first time in seven months, according to Capriole Investments founder Charles 11 shift reflects a broader risk-off tone as equities advanced, led by tech gains and Amazon’s OpenAI deal, while the dollar strengthened on reduced expectations for rapid US rate cuts. Won't lie, this was the main metric keeping me bullish the last months while every other asset outperformed 12 trend could flip tomorrow, next week, or in 2 13 right now we have 188 treasury companies carrying heavy bags with no business model and a lot less… 0 — Charles Edwards (@caprioleio) November 3, 2025 Analysts say October’s correction flushed out excessive leverage, leaving the market in a rebuilding 14 CEO Rachel Lin noted that long-term holders remain steady and exchange outflows persist, which is typically a positive 15 now, the market is expected to trade sideways as traders watch ETF flows and Fed signals, with a softer inflation print potentially reigniting buying momentum later this 16 & Events to Watch Next At the time of writing, Bitcoin is trading at $104,370, down 2.04% on the 17 asset has extended its pullback after losing support near the $107,000 level, with intraday sentiment turning 18 is currently fluctuating between $104,000 and $106,000, a range that suggests consolidation following recent sell pressure.
A decisive move above $106,500 could pave the way for a rebound toward $109,000 and $112,000, where prior resistance has capped 19 the downside, a break below $103,500 could expose the market to deeper losses, with the next notable support seen around $101,000–$100,000, a key psychological zone watched by traders. Meanwhile, Ethereum trades at $3,477, down 3.48% over the past 24 20 coin has weakened after repeatedly failing to hold above $3,700, suggesting sellers remain in 21 ETH reclaims $3,550, it may attempt a rebound toward $3,750–$3,900. However, a drop below $3,450 could open the door to a sharper correction toward $3,300–$3,250, where stronger buying support previously emerged.
Meanwhile, market sentiment has turned sharply bearish, with the Crypto Fear and Greed Index dropping to 27 , signaling “Fear.” The index stood at 36 yesterday, 42 last week, and 59 a month ago, reflecting a consistent erosion in investor confidence as crypto prices continue to 22 steep decline underscores the market’s growing caution, with traders reducing exposure amid volatile price action and fading risk 23 US spot Bitcoin exchange-traded funds (ETFs) recorded $186.5 million in outflows on November 3, signaling renewed selling pressure across institutional products, according to data from 24 cumulative total net inflow now stands at $61.0 billion, with combined net assets valued at $143.5 billion, accounting for 6.75% of Bitcoin’s market 25 trading volume for the day reached $4.69 billion, reflecting continued activity despite the broader market 26 individual issuers, BlackRock’s IBIT led the outflows with $186.5 million, while Fidelity’s FBTC, Grayscale’s GBTC, and Ark & 21Shares’ ARKB posted no new 27 the pullback, BlackRock’s fund remains dominant with $85.3 billion in total assets, followed by Fidelity’s $21.8 billion and Grayscale’s $18.2 28 Ethereum ETFs also saw $135.76 million in outflows on November 29 the nine listed ETFs, BlackRock’s ETHA recorded the largest outflow of $81.7 million, followed by Fidelity’s FETH with $25.1 million, and Grayscale’s ETHE with $15 30 issuers, including Bitwise, VanEck, and 21Shares, also reported smaller redemptions as institutional sentiment cooled alongside Ethereum’s market 31 total cumulative net inflow now stands at $14.23 billion, while total net assets dropped to $24.02 billion, representing 5.55% of Ethereum’s market 32 trading volume across all funds reached $2.51 billion, reflecting high turnover amid declining 33 contrast, spot Solana ETFs saw $70.05 million in net inflows on November 3, marking their fourth consecutive day of positive flows, according to data from 34 total cumulative net inflow now stands at $269.26 million, with total net assets reaching $513.35 million, representing 0.57% of Solana’s market 35 trading value for the day amounted to $67.59 36 the two listed ETFs, Bitwise’s BSOL dominated with $65.16 million in inflows, while Grayscale’s GSOL added $4.9 million.
Meanwhile, FTX has abandoned its controversial proposal to limit repayments in dozens of countries after sharp opposition from creditors, particularly those in China. @FTX_Official withdrew its plan to restrict repayments in 49 jurisdictions after backlash from creditors, especially those in China. #FTX #Crypto 1 — 37 (@cryptonews) November 4, 2025
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