Crypto Market Update: Sector Loses 2025 Gains Amid Volatility, UNDP Launches Global Blockchain Training Program
November 7, 2025 — The cryptocurrency market has undergone a significant reversal in recent weeks, wiping out nearly all the gains it achieved during 2025. Concurrently, the United Nations Development Programme (UNDP) has announced an initiative to expand blockchain education to government officials worldwide, aiming to accelerate digital transformation in the public sector.
Market Overview: October Correction Erases 2025 Gains
Following a strong rally early in the year, the crypto sector faced a sharp correction throughout October that erased almost all of the gains made so far in 2025. Data reported by Bloomberg highlights that the total cryptocurrency market capitalization reached a peak of approximately US$4.4 trillion on October 6. However, since then, the market has declined by around 20%, leaving the year-to-date increase at a modest 2.5%.
This downturn was triggered by the liquidation of roughly US$19 billion in leveraged positions, sparking a wider selloff and dampening trader sentiment. Bitcoin (BTC), the world’s largest cryptocurrency, has been particularly affected, sliding more than 20% from its October peak and entering bear-market territory. The asset fell below its 200-day moving average for the first time in three years and has recorded four down weeks in the last five. As of the morning of November 7 (UTC), Bitcoin was trading at around US$103,902, down 3.0% in 24 hours, with a day’s range between US$99,931 and US$103,421. Ether (ETH), the second-largest cryptocurrency by market capitalization, has faced similar pressure. The price stood at approximately US$3,339, marking a 4.1% increase in the past 24 hours but still reflecting difficulty in regaining upward momentum amid recent volatility. Analysts note that Ethereum’s price slipping below US$3,300 underscores ongoing market uncertainty, with spot sellers potentially exerting stronger influence after a recent liquidation event.
Altcoins such as Solana (SOL) and XRP also posted losses; SOL was down 3.1% to US$157.08, while XRP traded 4.8% lower at US$2.22. The derivatives market echoed this caution, with significant liquidations of Bitcoin and Ether long positions in recent hours – around US$48.39 million and US$25.82 million respectively – indicating forced selling in leveraged trades. Futures open interest for Bitcoin slightly decreased to US$69.44 billion, and Ether’s futures fell to US$38.19 billion, reflecting a modest unwinding of positions.
Technical indicators such as Bitcoin’s Relative Strength Index (RSI) hovering near 30.81 suggest that the market is approaching oversold conditions, signaling potential for either continued downside or a short-term relief bounce should buying pressure emerge.
Macro Factors and Regulatory Environment
The bearish sentiment coincides with broader economic signals, such as the sharp rise in US layoffs during October—the highest in two decades—which has heightened expectations for Federal Reserve interest rate cuts in December. Amid market turbulence, former President Donald Trump reiterated his administration’s pro-crypto stance, advocating for the United States to become a “Bitcoin superpower” and emphasizing regulatory efforts to support digital assets. However, no indication was given regarding direct governmental crypto acquisitions.
In related developments, Japan’s Financial Services Agency (FSA) has expressed support for a bank-led initiative by the country’s three largest financial groups—Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group—to pilot stablecoins for cross-border payments. The FSA will oversee regulatory compliance as the project advances under the revised Payment Services Act, which mandates full asset backing and enhanced consumer protections. Recently, the JPYC group launched Japan’s first fully regulated yen-pegged stablecoin backed by domestic savings and government bonds.
UNDP Expands Blockchain Education for Governments
On the institutional and developmental front, the United Nations Development Programme is expanding its blockchain education initiatives beyond internal capacity building to work directly with government officials worldwide. Robert Pasicko, head of UNDP’s Alternative Finance Lab, announced that the program will select four countries for an initial rollout within the coming weeks.
Designed to accelerate adoption and innovation in digital infrastructure, the initiative combines formal training with hands-on project support. Research by UNDP identified more than 300 potential applications of blockchain technology in governments, including improving transparency in public fund tracking and streamlining public-sector payments.
To support this ambitious agenda, UNDP is engaging over 25 leading blockchain organizations such as Polygon Labs, Stellar Foundation, and Ethereum Foundation to form an advisory group that will assist in program implementation and standard-setting.
Looking Ahead
The cryptocurrency market’s recent volatility serves as a reminder of the inherent risks and dynamic nature of digital assets amid evolving macroeconomic conditions and regulatory landscapes. Meanwhile, the UNDP’s global efforts to educate governments signal growing recognition of blockchain’s potential to transform public administration and foster transparent, efficient governance.
For the latest updates on Bitcoin, Ethereum, altcoins, and blockchain technology initiatives worldwide, stay connected with Investing News Network’s Technology section.
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Authors:
Giann Liguid, Writer
Meagen Seatter, Investment Market Content Specialist
Disclosure: The authors hold no direct investment interests in any companies mentioned in this article.