Latest Crypto Market Update Nov 4: BTC Falls 2.4%, ETH Down 5.2%

Crypto Market Update: US Shutdown, Trump on Binance Case in 60 Minutes

Overall Crypto Market Update:

• The global cryptocurrency market cap stands at $3.64 trillion, with a steep fall of 3.5% in the last 24 hours.

• Daily trading volume reached $218B

• Bitcoin remains the leader with a 58.6% dominance, while Ethereum holds a 12.1% share.

• A total of 19414 cryptocurrencies are currently being tracked.

• The largest gainers of the Industry are Polkadot and XRP Ledger Ecosystem.

Major Crypto Events Today

Source: Forex Factory

24 Hour Crypto Market Update

Bitcoin (BTC) and Ethereum (ETH) Price:

• Bitcoin is currently priced at $107118, representing a 2.4% fall in the past 24 hours. With $76 billion in trading volume and a $2.1 trillion market cap.

• Ethereum trades at $3643, down 5.2% in the last 24 hours, with a $439 billion market cap and $48.3 billion in trading volume.

Top 5 Trending Coins:

• Dash (DASH) surged 26.6% to $117.15 with TV $1.31B. 

• Zcash (ZEC) also gained 3.9%, trading at $429.89 with $1.15B in activity. 

• Aster (ASTER) dropped 22.2% to $0.92, though it saw a healthy $1.53B in trading volume. 

• Kite (KITE) declined sharply by 38.7% to $0.073, with TV of $436M. 

• Solana (SOL) slipped 9.9% to $167.80, despite leading in trading volume with $9.83B.

Top 3 Gainers:

• Jelly-My-Jelly (JELLYJELLY) soared 222.6% to $0.2086 TV of $233M.

• Mine Blue (MB) jumped 117.1%, to $0.06228 with a TV of $373K.

• Decred (DCR) rose 70% to $31.45 with TV of $66 million.

Top 3 Losers:

• Wilder World (WILD) dropped 60.5% to $0.078, with a TV of $29M.

• TeaFi Token (TEA) fell 56.7%, trading at $0.17 with a TV of $2M.

• Paparazzi Token (PAPARAZZI) slipped 40.1% to $0.010, with TV of $955K.

Stablecoins and Defi Update:

• Stablecoins hold a market cap of $311 billion with $165 billion in trading volume, representing 0.3% positive change.  

• The DeFi market cap stands at $128 billion, slipped 8.1% in the last 24 hours, with a trading volume of $11.62 billion. DeFi dominance remains at 3.5%.

Fear and Greed Index Today

Source: Alternative Me

The Bitcoin Fear & Greed Index has dropped to 21 (Extreme Fear) as of November 4, 2025, showing a sharp decline in market sentiment. It was 42 (Fear) yesterday, 50 (Neutral) last week, and 74 (Greed) last month—signaling rising investor caution and reduced confidence.

Latest Market News Today

1. Binance and Coinbase Announce Exciting Token Updates

• Binance Alpha to list Intuition (TRUST) on Nov 5.

• Momentum (MMT) HODLer Airdrop launches for BNB holders on Binance in 24 hours.

• Coinbase to start Kite (KITE) spot trading on Nov 3

2. Akshat Vaidhya Slams Crypto VC Funds for Poor Returns

• Akshat Vaidhya from Arthur Hayes’ Maelstrom fund revealed his $100K investment in Pantera’s Early-Stage Token Fund dropped to $56K in four years.

• He blamed high fees and oversized funds.

• Vaidhya urged LPs to seek scalable, quality crypto investment opportunities.

3. Trump Denies Knowing Binance Founder After Granting Pardon

• In a 60 Minutes interview, Donald Trump claimed he doesn’t know Binance founder Changpeng Zhao (CZ), despite pardoning him.

• Trump called the case a “witch-hunt” by the previous administration.

• He added that his sons work in crypto but aren’t government officials.

4. US Shutdown Deepens, May Last Until December

• US government shutdown could extend till Dec 1, lasting 61 days — nearly double the record

• $600B debt added in 30 days, averaging $19B daily.

• 3.2M airline passengers hit by delays; could reach 10M by Thanksgiving.

• Labor market weakens amid Fed rate cuts.

5. Balancer Exploit Triggers $120M DeFi Loss, Bera Chain Halts Operations

• Balancer and forked DeFi projects suffered a $120M multi-chain exploit.

• Attackers manipulated BPT price via rounding errors in batch swaps.

• Berachain paused operations, blocked bridges, and blacklisted wallets.

• Teams are coordinating emergency fixes to secure user funds.

6. MicroStrategy Launches Euro-Based Preferred Stock to Buy Bitcoin

• MicroStrategy announced $STRE, a 10% Series A Perpetual Preferred Stock.

• It’s euro-denominated and aimed at European and global investors.

• Funds will support Bitcoin purchases and corporate needs.

• Backed by 641,205 BTC worth $77B, offering a higher yield than EU bonds.

7. Chainlink Partners with FTSE Russell to Bring Index Data Onchain

• Chainlink teams up with FTSE Russell to publish global index data on-chain via its DataLink service.

• The collaboration includes major indices like Russell 1000, 2000, 3000, FTSE 100, WMR FX benchmarks, and FTSE Digital Asset Indices.

8. DRW and Liberty City Back $540M Canton Coin Deal

• DRW Holdings and Liberty City Ventures signed a $540 million private placement deal via Tharimmune Inc.

• The funds will support Canton Coins, the native token of the Canton blockchain by Digital Asset Holdings, focused on financial transactions.

9. SOFR Jumps, Crypto Funds See Sharp Outflows

• U.S. SOFR rose 18 bps to 4.22%, its biggest one-day jump in a year, amid the Treasury’s short-term debt focus.

• Digital asset funds saw $360M outflows as the Fed’s tone turned hawkish.

• Bitcoin ETFs lost $946M, while Solana gained $421M from new U.S. ETFs.

CoinGabbar’s Opinion

Given the current Extreme Fear sentiment, high volatility, and sharp market declines, crypto investments are risky. It’s safer to avoid aggressive trading and focus on stable assets like Bitcoin, Ethereum, or major stablecoins. New or volatile tokens should be avoided until market confidence and liquidity improve.

Disclaimer: Coingabbar provides informational content on cryptocurrencies, NFTs, and other decentralised assets. Users, please DYOR, understand the risks, before investing. CoinGabbar is not responsible for any financial losses.