Crypto Price Today: Bitcoin Falls to $102,000, Ethereum Drops Toward $3,200 as Market Extends Correction

Crypto Price Today: Bitcoin slips to $102,000, Ethereum drops toward $3,200 as Global Market Cap Stands at $3.38 trillion
Crypto Price Today: Bitcoin Falls to $102,000, Ethereum Drops Toward $3,200 as Market Extends Correction
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On November 5, 2025, the global cryptocurrency market cap stands at $3.38 trillion, a 4.71% decline over the past 24 hours. The broader crypto market is witnessing an extended correction as traders take profits after October’s sharp gains and risk sentiment turns cautious amid macroeconomic uncertainty. 

Despite the short-term selloff, analysts highlight strong on-chain activity and consistent institutional inflows as key indicators of long-term market resilience.

Bitcoin (BTC): Trading Near $102,000

Bitcoin is trading at $102,081, down 4.41% in the past 24 hours. Key resistance lies near $105,000, while immediate support is around $100,000.

After weeks of sustained momentum, BTC has entered a corrective phase as investors rebalance portfolios. 

However, on-chain data shows continued accumulation by long-term holders and steady ETF inflows, suggesting that institutional conviction remains intact despite near-term volatility.

Ethereum (ETH): Trading Around $3,200

Ethereum is trading at $3,338, down 7.90% in the last 24 hours. The token faces resistance near $3,600, while support lies around $3,000.

ETH’s fundamentals remain strong, supported by the growing adoption of Layer-2 rollups, rising staking volumes, and consistent developer engagement. 

These underlying metrics reinforce Ethereum’s role as a leading smart contract platform even as short-term traders take profits amid broader market weakness.

Altcoins:

Polkadot (DOT)

DOT is trading at $2.57, down 2.73% in the past 24 hours. Resistance is seen around $2.80, while support lies near $2.40.

Polkadot continues to advance its parachain ecosystem, enabling interoperability across multiple blockchains. However, the token’s price has softened alongside the broader market correction, reflecting lower speculative inflows this week.

Cosmos (ATOM)

ATOM is trading at $2.55, up 1.40% in the past 24 hours. Resistance sits near $2.75, while support is around $2.40.

Cosmos remains central to interchain communication, with steady developer participation and ecosystem updates. The token has shown mild recovery momentum, reflecting renewed buying interest despite broader market caution.

XRP (Ripple’s Native Token)

XRP is trading at $2.25, down 3.90% in the past 24 hours. Resistance is near $2.40, while support lies around $2.10.

XRP continues to benefit from growing use cases in cross-border payments and remittance systems. Despite the recent decline, the token’s expanding partnerships and sustained adoption in the fintech sector continue to underpin its long-term value.

Binance Coin (BNB)

BNB is trading at $949.63, down 3.98% in the past 24 hours. Resistance is seen near $990, while support lies around $910.

BNB remains one of the top-performing exchange tokens, supported by Binance’s extensive ecosystem of DeFi, staking, and launchpad services. Although the token has declined amid broader market volatility, it continues to play a vital role in transaction fee reductions and overall ecosystem expansion.

Memecoins:

Shiba Inu (SHIB)

SHIB is trading at $0.000009067, down 2.36% in the past 24 hours. Resistance stands near $0.0000098, while support is around $0.0000087.

Shiba Inu remains one of the most popular memecoins, supported by a highly active community and strong social media presence. However, the token continues to face mild selling pressure as traders book profits amid ongoing market consolidation.

Bonk (BONK)

BONK is trading at $0.00001189, down 2.12% in the past 24 hours. Resistance is seen near $0.0000125, while support lies around $0.0000112.

Bonk, Solana’s leading memecoin, continues to attract retail interest through its strong community campaigns and growing integration across Solana-based dApps. However, the slight decline reflects short-term consolidation as speculative momentum cools amid a broader market pause.

Market Outlook: Correction Amid Resilient Fundamentals

The 4.71% decline in the total crypto market capitalization signals a natural correction phase following weeks of strong inflows. While Bitcoin and Ethereum have slipped below key psychological levels, analysts remain optimistic about long-term growth, supported by rising institutional participation, expanding Layer-2 ecosystems, and increasing developer activity.

Altcoins and memecoins are witnessing sharper pullbacks as traders reduce exposure to higher-risk assets, but overall blockchain development and staking trends continue to anchor the market’s structural strength heading into mid-November.

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