{"id":109890,"date":"2025-11-03T10:38:54","date_gmt":"2025-11-03T10:38:54","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=109890"},"modified":"2025-11-03T10:38:54","modified_gmt":"2025-11-03T10:38:54","slug":"crypto-markets-shed-120-billion-overnight-as-bitcoin-plunges-by-4k-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=109890","title":{"rendered":"Crypto Markets Shed $120 Billion Overnight as Bitcoin Plunges by $4K: Market Watch"},"content":{"rendered":"

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\u2019t 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<\/p>\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

<\/a>Cryptocurrency Market Overview Daily. Source: QuantifyCrypto<\/p>\n

The post Crypto Markets Shed $120 Billion Overnight as Bitcoin Plunges by $4K: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

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. The altcoins have followed suit, with notable price drops from the likes of BNB, SOL, DOGE, LINK, ADA, and many others. BTC Slides to $107K The previous business week was quite […]<\/p>\n","protected":false},"author":0,"featured_media":109891,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-109890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/109890"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=109890"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/109890\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/109891"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=109890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=109890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=109890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}