Bitcoin News Update: Crypto Crash Wipes Out More Than $1.1B, Triggering Ripple Effects in Stock Markets

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Bitcoin News Update: Crypto Crash Wipes Out More Than $1.1B, Triggering Ripple Effects in Stock Markets

Bitget-RWA2025/11/05 01:22

By:Bitget-RWA

- Crypto Fear & Greed Index rose to 23 in November as ETH/BTC plummeted, triggering $1.1B in liquidations amid leveraged unwindings. - ETH fell below $3,400 (erasing 2025 gains) while BTC neared $100,000 support, with 303,000 accounts liquidated in 24 hours. - Coinbase reported $1.9B Q3 revenue amid market chaos, contrasting with BlackRock's IBIT ETF losing $290M as BTC declines spooked investors. - Global markets mirrored crypto's fragility, with KOSPI dropping 4.1% and analysts warning of "material equit

At the start of November, the Crypto Fear & Greed Index inched up to 23, but remained deep within the "Extreme Fear" zone as

Ethereum

(ETH) and

Bitcoin

(BTC) experienced their sharpest drops in several months. The sharp downturn, fueled by excessive leverage and changing market mood, led to more than $1.1 billion in liquidations over a single day, according to

BeInCrypto

. Ethereum slipped under $3,400, wiping out its gains for the year and posting its first negative result for 2025 since June. Bitcoin fell to an intraday low of $100,721, approaching the crucial $100,000 support threshold.

The selloff accelerated as traders rushed to close out leveraged positions. Over 303,000 accounts were liquidated, with $287 million in long trades erased in just one hour. Ether’s two-day, 20% plunge echoed the October 10 rout, with 10x Research’s Markus Thielen pointing to possible support between $2,700 and $2,800, as reported by

CoinDesk

. High-volatility assets such as

Solana

(SOL),

BNB

, and

XRP

also saw heavy liquidations as investors moved to cut risk.

Bitcoin News Update: Crypto Crash Wipes Out More Than $1.1B, Triggering Ripple Effects in Stock Markets image 0

Amid the turmoil,

Coinbase

(COIN) stood out as a rare positive in the crypto industry. The platform posted $1.9 billion in third-quarter revenue and a 55% increase in profits year-over-year, supported by higher trading activity and staking, according to

TradingView

. Its share price climbed 4.6% to $343.78, though it was still 3% below its peak for the week, as per

Yahoo Finance

. In contrast, BlackRock’s IBIT Bitcoin ETF saw significant outflows, losing $290.8 million in a single day as BTC’s slide unnerved institutional players.

Wider financial markets also showed signs of weakness. Asian stocks continued Wall Street’s downward trend, with South Korea’s KOSPI tumbling 4.1% amid global concerns about stock overvaluation,

Reuters

reported. Both Bitcoin and gold briefly fell below important levels before recovering, while the U.S. dollar strengthened against the yen. Experts cautioned about a possible significant correction in equities, with Capital Group’s Mike Gitlin stating valuations are “between fair and full,” according to

Bloomberg

The simultaneous downturn in both crypto and traditional markets highlights growing investor unease. Ethereum’s drop to its lowest point in a year and Bitcoin’s test of the $100,000 mark reveal the sector’s vulnerability. Meanwhile, the persistently low Fear & Greed Index reading signals ongoing caution, even as some see potential buying opportunities after the selloff, as Bloomberg observed.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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- Ethereum (ETH) dropped below $3,400 on November 4, triggering $1.1B in liquidations and erasing 2025 gains. - Whale activity included a $24.48M short-covering move and $386M ETH transfer, signaling potential market bottom. - Bitcoin neared $100,000 as ETH/RSI hit oversold levels, while retail traders defied institutional exits to accumulate ETH. - Macroeconomic pressures and leveraged position unwinds drove the selloff, though some analysts highlight dip-buying opportunities.

Bitget-RWA•2025/11/05 07:02

Ethereum News Update: Individual Investors Accumulate ETH Despite Institutional Withdrawals and Market Turmoil

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GIGGLE's Rapid Ascent Sparks Discussion While Giggle Academy Denies Any Association

- GIGGLE, a BNB Chain memecoin, surged to $130M market cap before crashing, sparking debates over its legitimacy amid Giggle Academy's disclaimers. - Binance pledged to donate 50% of GIGGLE trading fees to Giggle Academy's charity, raising concerns about exchange influence on token valuations. - Analysts warn memecoins' extreme volatility risks retail investors, while regulators scrutinize compliance with securities laws following SEC's memecoin crackdown. - The token's trajectory mirrors Dogecoin's, highl

Bitget-RWA•2025/11/05 07:02