Crypto Market Update: Bitcoin Falls Below US$100K as Ripple Secures $500 Million Funding Round
November 5, 2025 — The cryptocurrency market faced notable turbulence this week, marked by Bitcoin dipping below the US$100,000 threshold for the first time since June, triggering cautious sentiment among traders. Meanwhile, Ripple reinforced investor confidence with a substantial US$500 million capital raise, signaling growth momentum in the blockchain payments sector.
Bitcoin’s Recent Performance and Market Sentiment
Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, has entered November on the back foot after a challenging October—the first negative month in six years for the digital asset. On Wednesday, November 5, Bitcoin traded at approximately US$101,721, representing a 0.8% decline in 24 hours. Earlier in the day, BTC briefly fell as low as US$99,076 before rebounding from lows.
This recent downturn, dubbed “Red October” by market participants, saw Bitcoin prices break below key technical support levels, sparking debate among analysts about whether this signals the start of a longer bear market or simply a healthy consolidation phase in a volatile market.
Market expert Ted Pillows emphasized the importance of this week’s closing price: “If Bitcoin can close above the 50-day exponential moving average (EMA-50) with strong buying volume, it may confirm a bottom has formed. However, a close below that level could indicate further downside ahead.”
Over the past 48 hours, Bitcoin has experienced its steepest two-day decline in nine months, losing over 8% and slipping beneath the US$100,000 mark. Data reveals that over 235,000 BTC, valued near US$24 billion, were liquidated at a loss amid heightened panic selling. This selling pressure primarily stems from long-term holders and institutional investors offloading positions.
Despite the sell-off, derivatives market data suggests traders are reacting with caution but remain somewhat bullish. Bitcoin futures open interest rose by 2.3% to nearly US$70 billion, indicating renewed leverage entering the market. Additionally, liquidations predominantly affected short positions, implying that bearish bets are being unwound as prices stabilize. The positive funding rate for Bitcoin and Ether further underscores a tilt toward bullish sentiment among leveraged traders.
Altcoin Market Update: Ether and Solana Decline
Ether (ETH), the second-largest cryptocurrency, also felt the selling pressure, dropping 5.8% in 24 hours to a value of US$3,301.90. During the same period, its price ranged from a low of US$3,097.71 to a high of US$3,576.09. Similarly, Solana (SOL) declined 3.2% to US$155.60, while XRP (Ripple’s token) edged down 1.7%, trading at US$2.22. The Crypto Fear & Greed Index, an indicator of overall market sentiment, fell to 20 out of 100, entering “extreme fear” territory. This reflects widespread nervousness about market direction given Bitcoin’s recent price weakness, which stands roughly 19% below its October 7 all-time high of US$126,198. Ripple Raises US$500 Million at US$40 Billion Valuation
In contrast to broader market jitters, Ripple Labs announced a successful capital raise of US$500 million in a recent funding round led by Fortress Investment Group and Citadel Securities. This injection values the blockchain payments company at US$40 billion, reaffirming strong investor confidence.
Ripple intends to deploy the new capital to strengthen partnerships with financial institutions and expand its service offerings in key areas including custody solutions, stablecoin issuance, and crypto treasury management. The company’s RLUSD stablecoin has gained traction for corporate payments, benefiting from clearer regulatory guidance under the U.S. GENIUS Act.
The investment positions Ripple to deepen its role in global payments infrastructure, particularly as stablecoins become increasingly integrated into settlement networks by various firms.
Other Notable Developments
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Bitcoin’s decline below US$100,000 marks a loss of more than 20% from recent highs. Research firm 10x noted that wallets holding between 1,000 and 10,000 BTC have sold approximately 400,000 coins (worth about US$45 billion) in the last month, contributing significantly to the selling pressure.
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Northern Data Group, Europe’s largest Bitcoin mining company, announced its exit from the mining sector via the divestiture of Peak Mining in a deal valued up to US$200 million. The company is shifting its focus entirely to artificial intelligence (AI) infrastructure, repurposing its Texas facilities for AI workloads that offer substantially higher returns per megawatt compared to cryptocurrency mining.
Looking Ahead
Market analysts predict continued volatility into early 2026, with price consolidation expected around the mid-US$80,000 range before any sizable recovery occurs. However, sentiment remains cautiously optimistic that Bitcoin’s recent pullback may present a buying opportunity for investors anticipating a future rebound.
Traders and investors will be closely watching Bitcoin’s performance in the coming days, particularly the weekly close relative to key technical indicators, to gauge whether the current dip marks a pause or a prolonged downturn.
For ongoing real-time updates on the cryptocurrency market, follow @INN_Technology.
— Written by Giann Liguid and Meagen Seatter, Investing News Network
Securities Disclosure: Neither author holds direct investment interest in any mentioned companies.