BTC, ETH, and Altcoins Plummet, Why did the Crypto Market Crash Today (11/3/25)?

Jakarta, Pintu News – The crypto market experienced a sharp correction today, with the capitalization of all digital assets falling by around US$74 billion (~Rp1.24 trillion) and Bitcoin (BTC) hovering around US$108,179 (~Rp1.8 billion) per coin, reflecting a deep sentiment of caution among investors.

A variety of macro and technical factors combined to be the main triggers for this downfall, including missed monetary policy expectations and increased profit-making activity. This article discusses some of the outlines of the causes along with implications for the crypto market and potential future directions!

Crypto Market Capitalization Decline

According to a report from BeInCrypto, the global cryptocurrency market capitalization decreased to US$3.59 trillion due to profit-taking and slowing trading activity. This indicates that the critical support zone at US$3.56 trillion is being tested, and if it fails to hold could trigger further declines.

Risk-on sentiment faded as investors chose to hold assets and avoid high exposure to volatility. The decline in volume and liquidity also reinforced the correction wave in digital assets as a whole.

Pressure from US Monetary Policy

One of the main triggers was the change in expectations regarding interest rate policy by the Federal Reserve (Fed). Previously the market projected aggressive rate cuts, however Fed Chairman Jerome Powell signaled that further cuts may be delayed so liquidity remains tight.

Under these conditions, risky assets such as cryptocurrencies become less attractive, leading to a decline in the value of Bitcoin, Ethereum (ETH) and other altcoins. Policy uncertainty forces investors to pause new purchases and even realize profits to reduce risk exposure.

Read also: Zcash (ZEC) Price Prediction: Potentially Bullish to $500?

Whale Action and ETF Outflows

On-chain data from CoinPedia shows that whales are reallocating their holdings, including moves such as Ripple placing 700 million XRP (≈ US$ million) into escrow.

In addition, there were outflows from spot Bitcoin ETF products worth around US$388 million, indicating that institutions are taking profits or maintaining liquidity. The combination of these actions adds pressure to the market as asset supply increases while demand weakens.

Technical Challenges and Resistance Zones

Although technical analysis suggests a potential medium-term reversal, the current conditions face significant obstacles. BeInCrypto notes that Bitcoin is stuck in a heavy supply zone between US$110,000-112,500 (~Rp1.83-1.87 billion) which is a barrier to breakout.

If BTC fails to break this level and instead drops below US$106,200, the existing bullish pattern could be disrupted. This triggers anxiety among traders as it will be difficult to start a new rally without a strong trigger.

Read also: 1 Pi Network (PI) Price in Indonesia Today (3/11/25)

Implications for Altcoins and Upcoming Opportunities

This decline has also caused altcoins to follow Bitcoin’s lead, but some projects are showing interesting technical divergences. For example, Cardano (ADA) is showing a bullish divergence on the daily chart which according to CoinPedia’s analysis could signal a potential 87% reversal as before.

However, risks remain high as market momentum is still dominated by sell-offs and macro pressures. For medium to long-term investors, this situation can be considered as a moment to strengthen positions, as long as they understand that volatility remains large.

Conclusion

Overall, today’s crypto market correction was triggered by a combination of macro pressure from US monetary policy, institutional profit-taking and unfavorable technicals, as well as large moves by large wallets.

Although the current conditions seem harsh, positive catalysts such as more aggressive interest rate cuts or an influx of new institutional liquidity could turn sentiment around. For crypto market participants, it is important to stay alert to key support levels and maintain a diversified portfolio while waiting for new momentum.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CoinPedia. Why Crypto Market Is Crashing Today [Live] Updates On November 3. Accessed November 3, 2025 .
• BeInCrypto. Why Is The Crypto Market Down Today? Accessed November 3, 2025.
• Featured Image: Generated by AI