The post Why Is the Crypto Market Down Today, On Nov 3?  appeared first on Coinpedia Fintech News

The cryptocurrency market is once again in the red, with a total market capitalization down by nearly 3% as of November 3, 2025. Bitcoin, Ethereum, and major altcoins experienced over 10% declines, resulting in more than $400 million in liquidations within 24 hours. 

But what’s really driving this sudden downturn?

Fed Official Hints at No Further Rate Cut

One of the main reasons behind today’s drop is renewed caution from the U.S. Federal Reserve. After cutting rates by 25 basis points in October, Powell said another cut in December isn’t “a foregone conclusion,” boosting the U.S. dollar and cooling investor sentiment.  

Even Treasury Secretary Scott Bessent also warned that tight policies have already slowed parts of the economy, leaving limited room for more cuts ahead.

Even the FedWatch Tool now shows the probability of another rate cut has fallen to 69.3%, reflecting growing doubts about further policy easing.

Bitcoin ETFs See Billions in Outflows

Adding to the pressure, Bitcoin ETFs continue to see heavy outflows. Recent data from Fairside shows that U.S. spot Bitcoin ETFs recorded $1.15 billion in withdrawals last week alone. 

The largest outflows came from funds managed by BlackRock, ARK Invest, and Fidelity, suggesting investors are pulling back from Bitcoin-linked financial products.

Long Liquidations Deepen the Sell-Off

The fall of Bitcoin below $107,500 triggered a chain reaction of long liquidations worth nearly $400 million, with over 162,000 traders wiped out in a day. Bitcoin alone saw $74.6 million in long positions liquidated, while Ethereum accounted for $85.6 million.

This rapid liquidation has intensified the downward momentum, and now analysts warn that if BTC breaks below $106,000, another wave of $6 billion in liquidations could follow.

Altcoins Hit Harder Than Bitcoin

Altcoins suffered even steeper losses, with the top 50 tokens falling nearly 4% in a single day. Bitcoin’s dominance climbed to 60.15%, showing that traders are shifting toward safer assets.

Meanwhile, Ethereum dropped 4.4% to $3,734, XRP fell 3.38%, and BNB slipped 4.8% to $1,039. However, Uniswap and Dogecoin were among the worst performers, losing 9% and 6.9% respectively.

The post Crypto Hacks Drop 85% in October as Market Faces Historic $20 Billion Crash appeared first on Coinpedia Fintech News

October 2025 turned out to be a quieter month for crypto security breaches — but not without drama. According to data shared by blockchain security firm PeckShield, around 15 major exploits drained nearly $18.18 million in total. While this figure sounds alarming, it actually marks a massive 85.7% drop compared to September’s staggering $127 million in losses.

$20 Billion Vanished in Hours

While hack numbers fell sharply, October 10 became one of the darkest days in crypto history. A sudden market crash erased over $20 billion in leveraged trades within hours, marking the largest liquidation event ever recorded.

The chaos overshadowed even the biggest exploits of the month, proving once again how unpredictable the crypto space can be.

Garden Finance Tops the Hack List

Despite the market crash taking headlines, hackers didn’t rest completely.

• Garden Finance was the biggest victim, losing $11 million.
  
• Typus Finance followed with $3.4 million stolen.
  
• Abracadabra.Money (MIM_Spell) came third, reporting $1.8 million in losses.

PeckShield also tracked stolen funds, showing over 8,600 ETH moved through suspicious wallets, proving that cybercriminals are still active behind the scenes.

Is Crypto Security Finally Improving — or Just Taking a Break?

The sharp drop in exploits might suggest that better defenses and audits are working. But experts warn the calm could be temporary. Many believe the market crash simply slowed down hacker activity and on-chain transactions.

For now, October’s data offers a brief sigh of relief — but in crypto, peace rarely lasts long.