Bitcoin News Update: Major Institutions Withdraw, Causing $400M in Crypto Sell-Offs Amid Growing Fed Uncertainty
- Cryptocurrency markets crashed on Nov 3, 2025, with Bitcoin/Ethereum falling over 4%, triggering $400M+ liquidations amid Fed hesitation and ETF outflows. - Fed Chair Powell's cautious stance on rate cuts and $1.15B Bitcoin ETF outflows intensified selling pressure, while altcoins dropped nearly 4% in 24 hours. - Bitcoin's dominance rose to 60.15% as traders fled volatile assets, with institutional withdrawals from BlackRock/ARK/Fidelity signaling broader risk aversion. - Analysts warned $106,000 BTC sup
The cryptocurrency sector experienced a widespread downturn on November 3, 2025, as
The Federal Reserve’s reluctance to cut rates was a major factor. Following a 25-basis-point reduction in October, Fed Chair Jerome Powell indicated that another cut in December was not assured, which strengthened the U.S. dollar and reduced risk appetite, according to Coinpedia. The CME FedWatch Tool mirrored this sentiment, showing the likelihood of a December rate cut dropping to 69.3% from previous higher levels, the report stated. Treasury Secretary Scott Bessent also highlighted policy limitations, cautioning that tight monetary policy had already slowed some sectors of the economy, Coinpedia added.
Outflows from Bitcoin ETFs further fueled the decline, with $1.15 billion withdrawn in just the previous week, Coinpedia reported. Leading asset managers such as
Alternative cryptocurrencies performed even worse, with the top 50 tokens losing almost 4% in a single day, Coinpedia reported. Ethereum declined 4.4% to $3,734, while
Investor sentiment stayed negative, with the Crypto Fear and Greed Index remaining in the "fear" range at 35, as reported by
Despite the ongoing volatility, some market experts continued to express confidence in Bitcoin’s future prospects. Tom Lee from FundStrat Capital maintained his year-end forecast of $200,000 for Bitcoin and $7,000 for Ethereum, according to
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