The crypto market has entered one of its steepest sell-offs in months, erasing over $90 billion in market value within just one hour and triggering more than $1.3 billion in liquidations as leveraged positions were wiped out across exchanges. Related Reading: Rare Chart Formation That Led To An 87% XRP Price Crash Has Resurfaced Bitcoin (BTC) plummeted below $105,000, extending a sharp correction that began late last week, while major altcoins such as Ethereum (ETH), Solana (SOL), and XRP followed suit with double-digit losses. BTC's price trends to the downside on the daily chart. Source: BTCUSD on Tradingview Fed’s Hawkish Stance Sparks Risk-Off Panic The latest crash stems largely from renewed Federal Reserve hawkishness that reignited fears across global risk markets. Despite cutting rates by 25 basis points in October, Fed Chair Jerome Powell signaled that further rate cuts are not guaranteed, stressing that inflation remains “on the wrong path.” His remarks strengthened the U.S. dollar and sent shockwaves through speculative assets, including cryptocurrencies. Adding to the pressure, the U.S. Dollar Index (DXY) surged to over 100, its highest level since August. Analysts noted that the move triggered technical selling as Bitcoin lost its critical $110,000 and $106,000 support zones. Institutional investors began offloading positions through U.S. spot Bitcoin ETFs, amplifying the downtrend. Mass Liquidations Wipe Out Over 300,000 Traders According to data from CoinGlass, total liquidations exceeded $1.37 billion in 24 hours, with long positions accounting for nearly 90% of the total. Bitcoin led the way with over $396 million in liquidated assets, followed closely by Ethereum at $368 million. The largest single liquidation event occurred on HTX Exchange, where a $47.8 million BTC-USDT long position was closed out. The Crypto Fear and Greed Index has fallen to 21, deep in “Extreme Fear” territory. More than 327,000 traders have been wiped out in the past day, a figure reminiscent of the October 11 flash crash, when 1.6 million traders faced similar losses. Altcoins Bear the Brunt as Market Cap Sinks Altcoins faced heavier losses than Bitcoin amid thin liquidity and cascading sell orders. Solana (SOL) dropped below $160, down 8%, while Ethereum slipped 5% to $3,500. XRP and Cardano (ADA) also tumbled over 5.5%. The total crypto market cap has shrunk below $3.5 trillion, its lowest level since July. Related Reading: From Greed To Terror: Bitcoin’s Fall Below $104K Sparks Extreme Fear Market analysts see the correction as a “healthy reset” after months of aggressive rallies. However, if Bitcoin breaks below the $100,000 psychological support, experts warn of an additional 5–8% downside across the broader market. For now, traders are bracing for heightened volatility as the crypto storm intensifies. Cover image from ChatGPT, BTCUSD chart from Tradingview
Trading volume surged 76% above the weekly average, indicating significant distribution rather than retail activity.
The bitcoin miner posted its quarterly report on Tuesday, showing its BTC stockpile grew by over 50% from Q3 2024.
The extended bear market may lead to increased volatility and strategic accumulation, impacting investor sentiment and market dynamics.
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The move—paired with a 15% open-interest drop—keeps pressure on bulls ahead of a looming death-cross setup and a key $2.20 support retest.
The rapid liquidation highlights the volatility and risk inherent in crypto markets, potentially deterring cautious investors and impacting market stability.
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Friedman sees post-trade streamlining, collateral mobility and better payments as key blockchain breakthroughs.
The investigation could lead to stricter regulations on social media platforms, impacting how they manage content and protect minors in Europe.
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10x Research says Ethereum faces structural risks as Bitcoin draws most institutional capital, making ETH a potential hedge short amid market caution.
Ether, XRP, dogecoin and solana are all lower by 15%-20% over the past week.
Bitcoin price plummets to new lows, but analysts say BTC fundamentals show the asset trading at a deep discount.
CRE enables smart contracts that work across blockchains and tap into legacy financial messaging standards, with access to Chainlink's services.
Palantir's stock drop highlights tensions between innovation-driven firms and short sellers, potentially affecting investor confidence in AI sectors.
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Ripple’s latest acquisition has firmly positioned the company within the heart of the US financial market, expanding its influence in the country and drawing attention to the XRP price. The new US-based spot prime brokerage firm, Ripple Prime, signals a pivotal moment not only for Ripple’s ecosystem but for the future of XRP. As analysts weigh in on this groundbreaking launch, attention is shifting to how this new development could redefine XRP’s role within institutional trading, liquidity, and settlement. XRP Price In Focus After Ripple Prime US Launch In an X social media post on Monday, crypto analyst Pumpius announced that Ripple Prime is officially live in the US following the recent acquisition of Hidden Road in October. Through its newly launched Ripple Prime platform, the crypto company has formally entered Wall Street’s playing field, marking a bold step into mainstream financial markets. Related Reading: Altcoin Season Loading: Bullish Factors That Point To A Massive Surge By using Ripple Prime, institutional investors in the US will be able to execute Over-the-Counter (OTC) Spot transactions across major digital assets and stablecoins, including XRP and RLUSD for the first time. Pumpius asserted that this is not a pilot program or limited rollout, but Ripple’s full-scale institutional entry into the US financial system and markets. Additionally, the analyst emphasized that Ripple Prime is built to serve as a regulated brokerage infrastructure, offering deep multi-asset liquidity and on-demand settlement powered by XRP and RLUSD. He explained that these features place XRP at the centre of institutional trading, settlement, and liquidity aggregation. Moreover, with this integration, the XRP price, currently trading at $2.26, could experience further upward pressure, as consistent demand beyond retail usage fuels greater institutional adoption. Ripple has confirmed through its official website that the new Ripple Prime will expand institutional access to not just digital assets but derivatives, swaps, fixed income instruments, and others—all under one unified system. In addition, Pumpius has stated that Ripple Prime represents the “missing piece” that connects traditional capital markets to digital finance. XRP Moves From Retail Coin To Institutional Asset Crypto commentator BD also shared his thoughts on the newly launched Ripple Prime on X, highlighting that the spot brokerage firm could transform XRP’s market perception. According to him, Ripple Prime gives US institutional clients direct access to XRP through the same infrastructure used for Foreign Exchange (FX) and commodities. Related Reading: Forget Cardano, Why Shiba Inu’s Shibarium Is The Real Ghost Chain BD emphasized that with this new development, XRP is no longer just a “retail coin” but is becoming institutional money. This means that XRP could potentially attract a new layer of demand, which could support its price by creating steadier trading volumes and stronger liquidity. Notably, Ripple announced its Ripple Prime US launch on Monday, November 3, via X. The crypto company confirmed that the new brokerage firm will help enable cross-margining of OTC spot holdings with the rest of clients’ digital asset portfolios, including OTC swaps, Chicago Mercantile Exchange (CME) futures, and options. Featured image created with Dall.E, chart from Tradingview.com
The new platform lets users own and control autonomous artificial intelligence agents, aiming to shift power from centralized AI providers to individuals.
Nasdaq-listed Sequans sold 970 bitcoins, cutting its bitcoin reserves to 2,264 BTC and halving its debt load.
HBAR slid 4.2% as heavy technical selling erased ETF-driven gains, with traders prioritizing short-term chart signals over long-term optimism.
The selloff was driven by heavy volume and over $1.4 billion in long position liquidations, pushing TON through several support zones.
XLM plunged below critical $0.2800 support amid a 483% volume surge, reinforcing its short-term downtrend and exposing the next downside target near $0.2700.
Mastercard’s rumored $2-billion crypto deals could bring 24/7 settlement to traditional finance, but liquidity, risk and compliance may slow it down.
The Treasury Department sanctioned eight individuals and two entities accused of using crypto and shell companies to funnel millions into Pyongyang’s weapons programs.
A landmark ruling granting XRP property status in India strengthens investor rights and boosts confidence in digital asset ownership.
Balancer, a major DeFi protocol, has suffered a significant exploit, with approximately $116 million drained from protocol vaults. On-chain data shows large, unusual outflows from Balancer’s “0xBA1…BF2C8” address to an external wallet, including 6,587 WETH (~$24.5M), 6,851 osETH (~$26.9M), and 4,260 wstETH (~$19.3M). The scale and nature of the transfers point to a coordinated attack involving high-value assets across multiple vaults. Balancer has since confirmed the breach, stating that “around 7:48 AM UTC, an exploit affected Balancer V2 Composable Stable Pools.” According to the team, these pools have been live for several years, and some were outside the pause window, leaving them vulnerable. Pools that could be paused have been halted and are now in recovery mode, with the exploit confirmed to be isolated to V2 Composable Stable Pools. Balancer V3 and all other pools remain unaffected. The protocol says it is working with leading security researchers and legal teams to investigate and will release a full post-mortem. Balancer also warned users about fraudulent communications circulating in the aftermath, emphasizing that official updates will only come through its verified X account and official Discord. This incident marks one of the largest DeFi exploits of the year and has heightened security concerns across the sector. Related Reading: Whale Piles Into ASTER Shorts After CZ’s Comment – $52.8M On the Line Hacker Offloads Stolen Tokens Into ETH as Crypto Markets Face Broad Selloff According to Lookonchain, the Balancer exploiter has begun swapping the stolen assets for ETH, accelerating concerns that the attacker intends to consolidate and move value quickly before defenses or recovery mechanisms can engage. Converting large amounts of liquid-staking tokens and wrapped assets into ETH not only solidifies the hacker’s control over the stolen funds but also signals an intent to exit positions entirely rather than negotiate or return funds — a troubling sign for victims and the protocol. This development is unfolding during one of the sharpest pullbacks the market has seen in recent months. Ethereum has fallen below $3,500, a key psychological and technical level, while Bitcoin has broken under the $105,000 support, intensifying fears of deeper downside as liquidity thins and sentiment deteriorates. Altcoins, already under pressure from macro-driven derisking, are bleeding heavily, with capital rotation stalling and speculative flows evaporating. For Balancer, the timing compounds the severity of the crisis. A major security breach during a fragile market period magnifies losses, erodes confidence, and increases the risk of liquidity dislocations. The DeFi ecosystem is now closely watching both the hacker’s next moves and Balancer’s recovery plan as the sector navigates heightened stress on both technical and sentiment fronts. Related Reading: Balancer Protocol Sees $70M Exit In Suspected Crypto Exploit BAL Breaks Down Further As Market Selloff Drives Heavy Pressure BAL has entered another phase of sustained weakness, with the weekly chart showing a clear downtrend that has now intensified following the confirmed exploit. After trading near the $1 region for months, the token has broken lower, currently hovering around $0.80 and showing a sharp weekly decline. The chart reflects heavy selling volume, suggesting that the security breach accelerated an already fragile market structure. Technically, BAL remains below the 50-week and 200-week moving averages, reinforcing a long-term bearish trend with no immediate signs of reversal. Each attempt to establish support has been met with lower highs and breakdowns, indicating persistent distribution and a lack of sustained buyer interest. The recent spike in volume during the selloff confirms capitulation behavior rather than accumulation, as fear spreads across the DeFi sector. Related Reading: Bitmine Buys 44,036 Ethereum Worth $166M During Market Dip – Details Market sentiment around BAL has deteriorated further given the exploit’s timing. With Ethereum trading below $3,500, Bitcoin losing key support near $105,000, and altcoins bleeding across the board, risk appetite is at a low point. For BAL to show recovery signals, it would need to reclaim psychological support near $1 and stabilize volume flows. Until then, price action remains vulnerable, and further downside cannot be ruled out as confidence rebuilds slowly. Featured image from ChatGPT, chart from TradingView.com
Spot Bitcoin ETFs opened the week with -$186.5 million in net redemptions on Monday, Nov. 3, stretching a four-session drain to roughly -$1.34 billion since Oct. 29. This run shows how quickly flows can swing when a single mega-issuer turns into a seller. Data from Farside shows Monday’s outflows were effectively concentrated at IBIT, with […]
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The former FTX CEO is currently serving a 25-year sentence in federal prison, but has the opportunity to get a new trial.
Sequans sold 970 Bitcoin to redeem half of its convertible debt, reducing total liabilities from $189 million to $94.5 million.
MARA is deepening its shift from pure bitcoin mining toward energy ownership and AI-focused infrastructure, mirroring broader sector trends.
Ripple Swell 2025 is underway in New York City, bringing together global financial leaders, blockchain innovators, and institutional partners. At the event, the Nasdaq CEO announced that over 17 crypto companies are waiting for IPO approval once the U.S. government shutdown ends, showing rising institutional demand for digital assets. She said this marks the next …
Sequans' strategy highlights a growing trend of using Bitcoin for debt management, enhancing financial flexibility amid market volatility.
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Sam Bankman-Fried is back in the spotlight as new legal developments unfold in this case. Recent developments around this case have reignited a debate over his role in one of the biggest financial scandals in crypto history. Appeal to Overturn Conviction According to a report from Reuters, lawyers for Sam Bankman-Fried, the founder of the …