{"id":37611,"date":"2025-11-03T10:50:53","date_gmt":"2025-11-03T10:50:53","guid":{"rendered":"https:\/\/financialrush.com\/?p=37611"},"modified":"2025-11-03T10:50:53","modified_gmt":"2025-11-03T10:50:53","slug":"crypto-markets-shed-120-billion-overnight-as-bitcoin-plunges-by-4k-market-watch","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=37611","title":{"rendered":"Crypto Markets Shed $120 Billion Overnight as Bitcoin Plunges by $4K: Market Watch"},"content":{"rendered":"

\n<\/p>\n

Bitcoin starts November on the same foot as it ended October, with another price slide that drove it to just under $107,000 earlier today.<\/p>\n

The altcoins have followed suit, with notable price drops from the likes of BNB, SOL, DOGE, LINK, ADA, and many others.<\/p>\n

BTC Slides to $107K<\/h2>\n

The previous business week was quite eventful and volatile for the cryptocurrency markets, prompted by external developments. For instance, BTC jumped to $116,000 on a couple of occasions on Monday and Tuesday, only to be stopped and rejected at its second attempt.<\/p>\n

The subsequent denial led to an immediate decline to $112,000 when otherwise bullish news came from the US Federal Reserve. Despite the rate cut by 25 bps, BTC headed<\/a> south again, dropping below $106,000 on Thursday. The US-China deal on the trade war front brought another relief rally when bitcoin jumped past $111,000.<\/p>\n

However, it couldn’t maintain its run and was stopped<\/a> over the weekend at that level again. Monday began on a negative note when the bears took control of the market and pushed<\/a> the cryptocurrency south to just under $107,000.<\/p>\n

So far, this support has managed to hold BTC, but the asset is still nearly 3% down on the day. Its market cap has tumbled below $2.150 trillion, while its dominance over the alts has actually increased to 58.3% on CG.<\/p>\n

<\/a>
BTCUSD. Source: Tradingiew<\/figcaption><\/figure>\n

Alts Bleed Out<\/h2>\n

The altcoin charts are even worse today. Ethereum is down to $3,700 after a 3.8% decline. XRP has slumped to $2.40 following a 4.5% daily correction. Even more painful declines are evident from BNB, SOL, DOGE, ADA, LINK, SUI, HBAR, AVAX, and many others, with losses of up to 7%-8%.<\/p>\n

Most mid- and lower-cap alts are in a similar state, but there are a few exceptions. ICP has risen by over 8% daily, followed by WBT and ASTER.<\/p>\n

Overall, though, the total crypto market cap has seen over $120 billion gone since yesterday, and the metric is down to $3.680 trillion on CG.<\/p>\n

\"Cryptocurrency<\/a>
Cryptocurrency Market Overview Daily. Source: QuantifyCrypto<\/figcaption><\/figure>\n

The post Crypto Markets Shed $120 Billion Overnight as Bitcoin Plunges by $4K: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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