Summary of this article
Bitcoin, altcoins extend losses as crypto market cap slips.
Hawkish Fed tone and liquidations trigger sharp market correction.
Experts see long-term opportunity despite short-term crypto weakness.
Bitcoin and other major cryptocurrencies extended their decline on November 4, 2025, as the global crypto market capitalisation slipped below $2.50 trillion. The weakness in both large-cap tokens and altcoins reflected a cautious sentiment among investors.
Cryptocurrency Extends Weekly Losses
At the time of writing, Bitcoin was trading at $104,618, down 2.69 per cent in the past 24 hours, extending its weekly loss to 8.31 per cent and trading nearly 17 per cent below its all-time high of around $126,000. Ethereum slipped 6.29 per cent to $3,497, marking a 15.11 per cent weekly drop and remaining 29 per cent below its record peak of $4,953.
Among other major altcoins, XRP declined 6.76 per cent to $2.25, extending its weekly losses to 14.83 per cent, while BNB fell 8.30 per cent to $946.70, down about 16 per cent over the week. Solana saw one of the steepest declines, plunging 11 per cent in the past 24 hours and 22 per cent over the week to $157.11. The broader global cryptocurrency market capitalisation also fell 4 per cent in the past 24 hours to $2.46 trillion, extending its weekly decline to nearly 10 per cent.
Why the Crypto Market is Facing Another Downturn
The latest downturn comes amid global macroeconomic uncertainty and shifting rate-cut expectations.
Edul Patel, CEO of Mudrex, said, “With Bitcoin trading around $104,500 and the broader market near multi-month lows, the recent weakness can be attributed to the US Federal Reserve’s hawkish tone on the December rate cut. As the probability of a cut dropped from 90 per cent to 63 per cent, traders booked profits, while the prolonged US government shutdown has further added to investor uncertainty.”
CoinSwitch market desk said the latest slide was triggered by hawkish remarks from Federal Reserve Chair Jerome Powell, which downplayed the chances of a December rate cut. Along with over $1.18 billion in leveraged long liquidations across the market, this intensified selling pressure and forced out speculative positions.
What’s Ahead
Sathvik Vishwanath, co-founder & CEO of Unocoin, said Bitcoin’s drop to around $105,000 was triggered by leveraged liquidations and risk-off sentiment. He said that long-term holders remain steady, and if the $105,000 support holds, Bitcoin could rebound toward the $111,000–$113,000 range. However, a breakdown below could lead to a deeper correction, he added.
Riya Sehgal, research analyst at Delta Exchange, said that despite the current weakness, November has historically been a strong month for Bitcoin. She said that renewed US government spending, corporate buybacks and potential Fed liquidity could support a rebound later in the month.
Crypto exchange CoinSwitch said that Bitcoin has slipped below its 200-day moving average of around $109,800 and is now testing key support near $94,200, keeping the near-term outlook cautious.
What Investors Should Keep in Mind During the Crypto Slump
As markets remain volatile, Edul Patel believes investors should focus on long-term strategies rather than short-term panic.
He said: “For investors, such market downturns become attractive entry points.” He also mentioned that the 2017 bull run saw six major corrections between 30 and 40 per cent before Bitcoin reached $20,000 for the first time.
Patel advised maintaining a long-term outlook and using strategies like dollar-cost averaging and portfolio diversification to manage volatility and risk.
