The global cryptocurrency market lost $140 billion in capitalization between 2:00 PM and 7:00 PM UTC on Wednesday, with total market value falling from $3.54 trillion to $3.40 trillion, according to CoinMarketCap. Bitcoin declined 1.83% to approximately $101,265, while Ethereum dropped 1.64% to $3,397.55. XRP recorded the steepest decline among major altcoins, falling 3.98% to $2.33.

Bitcoin may decline to $50,000 between April and August 2026, according to an analysis by OpenAI's ChatGPT. The AI model cited weakening technical momentum after BTC failed to hold above $110,000, with the Relative Strength Index retreating to neutral levels and the price trading near its 200-day moving average at $87,000. Macroeconomic factors including Federal Reserve policy stance and rising exchange inflows were identified as potential pressure points for the cryptocurrency.

The Ethereum Rainbow Chart, a logarithmic valuation model, indicates ETH may trade across multiple price bands by month-end. ETH traded at $3,425 at press time, posting a 0.5% gain over 24 hours but declining 12% weekly. The chart positions current pricing near the lower edge of the "Steady..." band, suggesting moderate undervaluation relative to historical growth patterns.

BlackRock saw combined outflows of $379.3 million from its Bitcoin and Ethereum spot ETFs between November 3 and November 4. The Bitcoin fund recorded approximately $186.5 million in withdrawals, while the Ethereum product saw $192.8 million exit. The outflows coincided with broader market volatility that pushed Bitcoin below $100,000 and Ethereum off recent peaks.

Bitcoin is testing the 50-week moving average as prices fall below $110,000, a technical level that has historically preceded deeper corrections. The cryptocurrency has formed lower highs since reaching nearly $120,000 earlier this year, mirroring the pattern observed before the 2022 downturn. Analyst TradingShot notes the setup suggests Bitcoin may be entering a fresh bear cycle, with potential support near $80,000 if the key moving average fails to hold.

The cryptocurrency market lost more than $270 billion in total capitalization within a 24-hour period. Bitcoin declined to approximately $103,944, while Ethereum dropped to around $3,500 and XRP fell 5.46% to $2.27, according to market data.

Large XRP holders sold approximately 900,000 tokens between late October and November 4, data show. Wallets containing 100 million to 1 billion XRP reduced their positions during this period. The token declined to around $2.27, falling more than 6% in 24 hours and over 15% across seven days.

Bitcoin closed October 2025 down nearly 4%, marking its weakest October performance since 2014. Analyst TradingShot identifies a fractal pattern suggesting a potential 32% correction toward $87,000, citing rejections at key technical levels and similarities to early 2025 price action.

BlackRock transferred $506 million in digital assets to Coinbase Prime on November 1. The transaction comprised approximately 3,496 BTC valued at $384 million and 31,754 ETH worth $122 million, according to Arkham data. The assets originated from wallet addresses associated with the firm's iShares Bitcoin ETF and iShares Ethereum ETF products.