Crypto Market Update: Bitcoin Slides Below US$100,000 as Ripple Secures US$500 Million Funding
November 5, 2025 – The cryptocurrency market faced renewed turbulence this week as Bitcoin dipped below the US$100,000 threshold for the first time since June, igniting cautious sentiment among traders. Meanwhile, Ripple has announced a significant US$500 million funding round, underscoring continued investor confidence in the blockchain payments firm despite the broader market softness.
Bitcoin and Ether Price Movements
As of the morning of November 5 (9:00 a.m. UTC), Bitcoin (BTC) was trading at around US$101,721, marking a 0.8% decline in the past 24 hours. Earlier in the day, the cryptocurrency’s value touched a low of US$99,075.89 with an intraday high of US$104,666. Bitcoin thus moves into November on a defensive footing, following its first negative October performance in six years—a month traders now call “Red October.”
This recent correction has pushed Bitcoin prices below key support levels, prompting debate among market watchers about whether this signals the start of a deeper bear phase or a healthy price reset ahead of a potential rebound. Trader Ted Pillows highlighted the importance of Bitcoin’s weekly close, noting that holding above the 50-day exponential moving average (EMA-50) with increased buying activity could confirm a bottom; conversely, falling below could indicate further declines.
Over the past 48 hours, Bitcoin has experienced over an 8% drop, the sharpest two-day decline in nine months. Data reveals that more than 235,000 BTC—valued at roughly US$24 billion—were moved at a loss in the last 24 hours amid intensified panic selling. Despite this, some analysts remain cautiously optimistic, suggesting that if investors interpret the current dip as a buying opportunity rather than a signal to exit, November may produce a swift market turnaround.
Ether (ETH), the second-largest cryptocurrency by market capitalization, also saw significant losses, trading at approximately US$3,301.90—a 5.8% drop in the last 24 hours. ETH’s daily range was between US$3,097.71 and US$3,576.09. Altcoin Performance and Market Sentiment
Other notable cryptocurrencies have experienced similar downward trends. Solana (SOL) declined by 3.2% to US$155.60, ranging between US$147.97 and US$164.71. Ripple’s XRP decreased by 1.7%, trading at US$2.22, with a daily low of US$2.09. Market sentiment, as measured by the Crypto Fear & Greed Index from CoinMarketCap (CMC), hit a level of 20, indicating "extreme fear." The index fell by seven points overnight, reflecting traders’ caution. Bitcoin’s price is now nearly 19% below its record high of US$126,198.07 set on October 7 and has dropped roughly 10% over the past week.
Derivatives and Trading Indicators Reveal Cautious Bullishness
Bitcoin derivatives data suggests traders are more cautiously bullish than outright risk-averse. Liquidations for Bitcoin contracts reached nearly US$16 million within four hours, mostly comprising short position liquidations—implying that bearish bets are being closed as prices show signs of stabilizing. Ether futures displayed a similar pattern with over US$16.6 million liquidated, mainly on short contracts.
Futures open interest has risen modestly, with Bitcoin increasing 2.3% to US$69.96 billion and Ether up 2.17% to US$39.05 billion over four hours, signaling renewed leverage entering the market. Funding rates remain positive for both tokens—0.004 for Bitcoin and 0.002 for Ether—supporting an overall bullish bias.
Bitcoin’s Relative Strength Index (RSI) stands at 36.50, indicating subdued price momentum but approaching oversold territory where a rebound might emerge if buying pressure intensifies.
Ripple Secures US$500 Million in Latest Funding Round
In positive blockchain industry news, Ripple has raised US$500 million in a new funding round led by Fortress Investment Group and Citadel Securities, valuing the company at US$40 billion. This fundraising follows Ripple’s earlier US$1 billion tender offer at the same valuation earlier this year, demonstrating continued investor faith in the company’s long-term prospects.
Ripple plans to deploy the fresh capital to bolster its relationships with financial institutions and expand its offerings in custody services, stablecoin issuance, and cryptocurrency treasury management. Ripple’s RLUSD stablecoin has gained notable traction in corporate payment solutions, especially amid clearer regulatory frameworks introduced by the GENIUS Act in the US.
The funding further positions Ripple to deepen its role in global payment networks as stablecoins are increasingly integrated for settlement purposes across various industries.
Additional Market Developments and Outlook
Bitcoin’s drop below the US$100,000 mark marks the sharpest slide since June, extending a correction that has erased over 20% from recent highs. Analysts attribute the decline not to excessive leverage but sustained selling pressures from long-term holders and institutional investors. Research from 10x revealed that wallets holding between 1,000 and 10,000 BTC have offloaded around 400,000 coins—valued at approximately US$45 billion—over the past month.
Looking ahead, experts anticipate continued downward pressure into early 2026, though a full market capitulation is considered unlikely. Instead, they foresee price consolidation within the mid-US$80,000 range before any substantial recovery.
In other notable news, Northern Data Group, Europe’s largest Bitcoin mining company, is exiting its mining operations via a US$200 million deal to sell its subsidiary Peak Mining. The move is part of a strategic pivot toward artificial intelligence infrastructure, given AI workloads potentially generate up to ten times more revenue per megawatt than Bitcoin mining. Northern Data will repurpose its Texas mining facilities to support high-performance AI tasks and already holds over 220,000 GPUs through prior acquisitions.
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