Why Is Crypto Up Today? – November 6, 2025

The crypto market is stable today, with the global cryptocurrency market capitalization holding steady at $3.49 trillion, showing no significant change over the past 24 hours. Meanwhile, the total trading volume sits at $162.6 billion, reflecting ongoing activity despite muted price movements. TLDR: Global crypto market cap stable at $3.49T, 24h volume $162.6B; BTC -0.6% ($102,492), ETH -1.3% ($3,351); Fear & Greed Index at 24 (Fear), up slightly from 20 yesterday; BTC ETFs saw $137M outflows; ETH ETFs recorded $118.6M outflows; SOL ETFs gained $9.7M inflows; Ethereum whales accumulated 394,682 ETH ($1.37B) in 3 days; Strong US economic data lifted risk appetite; Elon Musk stirred Dogecoin talk with “It’s time” post, but DOGE stayed flat near $0.16.

Crypto Winners & Losers Among the top 10 cryptocurrencies by market cap, most are slightly down over the last ￰1￱ (BTC) trades at $102,492, marking a 0.6% decline in the past 24 hours and a 6.6% drop over the past ￰2￱ (ETH) is also down by 1.3%, currently priced at $3,351, with a weekly decline of 13.7%. XRP (XRP) shows a small 1.6% gain, trading at $2.28. BNB (BNB) trades at $943.91, down 1.1% today, while Solana (SOL) continues to slide with a 0.9% drop to $157.47. Dogecoin (DOGE) fell 1.0%, now at $0.1613, and Cardano (ADA) slipped 1.0% to $0.5296.

Among the trending assets, Ergo (ERG) leads with a 10.1% gain, followed by Zcash (ZEC) up 12.7%, and Concordium (CCD) slightly down by 0.3%. Top gainers include Sapien (+160.7%), SOON (+98.7%), and Giggle Fund (+80.6%) — indicating strong speculative momentum in the altcoin sector. Meanwhile, multiple Ethereum whales have significantly increased their holdings by acquiring 394,682 ETH worth $1.37 billion over the past three ￰3￱ keep accumulating $ETH — over the past 3 days, many whales have collectively bought 394,682 $ETH ($1.37B). ￰0￱ ￰4￱ — Lookonchain (@lookonchain) November 6, 2025 According to on-chain data, the strategic accumulation suggests a strong bullish momentum in Ethereum’s long-term potential, despite current market ￰5￱ the detailed analysis, the largest buyer was an address that had previously borrowed 66,000 ETH from ￰6￱ whale has now repurchased 257,543 ETH at approximately $3,480, for a total of $896 ￰7￱ Rebounds Above $103K as Strong US Data Lifts Market Sentiment Bitcoin climbed back above $103,000 on Thursday, mirroring a rebound in global equities as stronger-than-expected US economic data boosted investor ￰8￱ gains in US Treasury yields and a firm dollar kept risk appetite in check, but traders reduced expectations of a near-term Fed rate cut, signaling steadier policy conditions ￰9￱ US services and payroll figures lifted Wall Street and revived dip-buying momentum across ￰10￱ prices are back on the upswing following a day of FUD from the crowd ￰11￱ is back to $103.8K, Ethereum has just jumped to $3,440, and several altcoins are surging, notably $HYPE (+10%), $AVAX (+5%), $UNI (+6%), & $WLFI (+7%). ￰12￱ — Santiment (@santimentfeed) November 5, 2025 Derivatives activity in crypto normalized after Wednesday’s volatility, with traders eyeing $100,000 as key support and $105,000–$107,000 as short-term resistance.

Japan’s Nikkei and South Korea’s Kospi also rallied, reflecting broader optimism across Asia. However, analysts warned that policy uncertainty and political gridlock in the US could cap ￰13￱ ongoing government shutdown and frozen economic data releases have complicated growth assessments, making private indicators more ￰14￱ now, Bitcoin’s ability to hold above $100,000 remains the line between stability and renewed selling ￰15￱ & Events to Watch Next At the time of writing on Thursday, Bitcoin trades at $102,551, down 1.27% in the past 24 ￰16￱ coin touched an intraday low near $101,500 and briefly rebounded toward $103,000 before ￰17￱ appears to be stabilizing after a volatile week, with key resistance seen at $105,000 and $107,000.

A daily close above $107,500 could open the way toward $110,000, while failure to hold above $101,000 risks a deeper correction toward $98,500. Ethereum (ETH) trades at $3,350, marking a 2.14% daily ￰18￱ asset slipped from an intraday high near $3,420 and briefly tested lows around $3,300 before recovering ￰19￱ ETH reclaim $3,450, it could attempt to retest resistance at $3,600 and $3,750. Conversely, if bearish momentum continues, a break below $3,300 may expose support at $3,150 and $3,000. Meanwhile, the crypto market sentiment remains in the fear ￰20￱ CMC Crypto Fear and Greed Index currently stands at 24, slightly higher than 20 yesterday, but still signaling growing caution among ￰21￱ week, the index was at 34 (Fear), while a month ago it was in Neutral territory at 59, highlighting a steady decline in confidence as market volatility ￰22￱ Bitcoin exchange-traded funds (ETFs) recorded $137 million in net outflows on November 5, reflecting renewed selling pressure across institutional Bitcoin investment products, according to data from ￰23￱ cumulative total net inflow for all US spot Bitcoin ETFs now stands at $60.28 billion, while total net assets amount to $139.15 billion, representing about 6.72% of Bitcoin’s market capitalization.

Meanwhile, daily trading volume across the ETFs reached $4.07 billion, signaling sustained institutional activity despite market ￰24￱ individual issuers, BlackRock’s IBIT led the outflows with $375.5 million, while Fidelity’s FBTC saw a $113.3 million inflow, marking the strongest positive flow of the ￰25￱ & 21Shares’ ARKB followed with $82.9 million in inflows, and Bitwise’s BITB added $17 ￰26￱ Ethereum ETFs also saw $118.58 million in net outflows on November ￰27￱ issuers, BlackRock’s ETHA led with $146.6 million in outflows, while Grayscale’s ETHE remained flat on the day. Fidelity’s FETH and Grayscale’s ETH recorded modest inflows of $3.45 million and $24.06 million, ￰28￱ total cumulative net inflow for US spot Ethereum ETFs now stands at $13.90 billion, while total net assets amount to $22.74 billion, representing 5.46% of Ethereum’s market capitalization.

Meanwhile, the daily trading volume reached $1.79 billion, highlighting ongoing market activity despite ￰29￱ contrast, spot Solana ETFs continued to see steady inflows, recording $9.7 million in net additions on November ￰30￱ the two listed funds, Bitwise’s BSOL led with $7.46 million in inflows, while Grayscale’s GSOL followed with $2.24 million, marking another positive day for Solana-based institutional ￰31￱ total cumulative net inflow for US spot Solana ETFs now stands at $293.8 million, while total net assets reached $531.35 million, representing 0.59% of Solana’s market capitalization. Meanwhile, daily trading volume came in at $50.81 million, reflecting sustained investor participation despite recent volatility.

Meanwhile, Elon Musk reignited Dogecoin chatter this week, posting “It’s time” on X, and traders immediately started hunting for angles across the meme ￰32￱ barely budged at first, then slipped with the broader ￰33￱ early Nov. 5, DOGE traded lower on the day near $0.16, while Bitcoin and Ether were also in the red as risk appetite ￰34￱ Highs No Lows Only DOGE ￰35￱ — DogeDesigner (@cb_doge) November 3, 2025