{"id":20522,"date":"2025-11-03T08:41:09","date_gmt":"2025-11-03T08:41:09","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=20522"},"modified":"2025-11-03T08:41:10","modified_gmt":"2025-11-03T08:41:10","slug":"exploring-the-reasons-behind-todays-crypto-market-downturn-2","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/exploring-the-reasons-behind-todays-crypto-market-downturn\/","title":{"rendered":"Exploring the Reasons Behind Today’s Crypto Market Downturn"},"content":{"rendered":"\n

Bitcoin Defends Crucial Support at $107,000<\/h2>\n\n\n\n

The price of Bitcoin<\/a> is dangerously oscillating around $107,379<\/strong>, after breaking a major psychological and technical support level at $108,000<\/strong>. Selling pressure in the crypto<\/a> market has been accumulating for several hours, with relatively low trading volume amplifying price movements. This paves the way for a test of the $105,000<\/strong> level.<\/p>\n\n\n\n

On-chain analysis reveals profit-taking activity from short-term holders, investors who accumulated between $95,000 and $100,000<\/strong>. This dynamic is typical after sustained rallies and does not necessarily signal a long-term bearish trend<\/strong>. Whale addresses remain relatively stable, suggesting that large portfolios are maintaining their positions.<\/p>\n\n\n\n

If the technical rebound materializes from this support, Bitcoin<\/a> could quickly reclaim $110,000<\/strong>. A breakthrough of this level would strengthen the bullish structure and open a window towards $112,500<\/strong>. Institutional demand remains a determining factor, with Bitcoin spot ETFs continuing to attract inflows despite recent volatility.<\/p>\n\n\n\n

\"Bitcoin<\/figure>\n\n\n\n

However, Bitcoin has once again lost its FBB median band on the daily timeframe. A drop to $102,000<\/strong> in the coming days is increasingly likely. A rebound in this area will be worth watching. Otherwise, a wick below $100,000<\/strong> should also be considered.<\/p>\n\n\n\n

The Correction Affects the Entire Crypto Market<\/h2>\n\n\n\n

Altcoins are under even stronger pressure than Bitcoin, with AI crypto Virtuals Protocol (VIRTUAL<\/a><\/strong>) plummeting 16% in 24 hours<\/strong> to trade at $1.53<\/strong>. This weak performance illustrates the amplification of bearish movements on smaller cap assets. The Bitcoin<\/a> dominance ratio is climbing slightly, confirming a defensive rotation of investors towards the sector’s safe-haven asset.<\/p>\n\n\n\n

\"VIRTUAL<\/figure>\n\n\n\n

The fall of the VIRTUAL crypto is partially explained by a technical overextension after several weeks of parabolic rise. Momentum indicators like the RSI show an exit from the overbought zone<\/strong>, which was predictable. The token is now testing a key support at $1.53<\/strong>, with a risk of continuation towards $1.37<\/strong> if pressure persists.<\/p>\n\n\n\n

Paradoxically, exponential moving averages (EMA) are approaching a Golden Cross configuration, where the short-term EMA crosses above the long-term EMA. If this pattern is confirmed in the next sessions, VIRTUAL could initiate a rebound towards $2.00<\/strong>. But sell signals are also clearly present. Therefore, caution is advised<\/strong> before taking a position on VIRTUAL.<\/p>\n\n\n\n

Get $10 free in just a few clicks<\/a><\/strong> by buying your VIRTUAL on Bitget now:<\/p>\n\n\n\n

\"Bitget<\/a><\/figure>\n\n\n\n

Ethereum Below $4,000 Despite Record Reserves<\/h2>\n\n\n\n

The Ethereum network now holds approximately $165 billion in stablecoin reserves<\/strong>, a metric that positions it among the largest reserve holders globally. This massive adoption of stablecoins on Ethereum demonstrates the network’s dominance in decentralized finance and blockchain payment applications. Yet, ETH’s price falls below $4,000<\/strong>, reflecting a disconnect between on-chain fundamentals and market sentiment.<\/p>\n\n\n\n

Investors are waiting for concrete signals of strengthened institutional adoption and improved network activity metrics. Transaction fees remain moderate after scalability upgrades, but this decrease also reduces the deflationary pressure on ETH supply. Staking<\/a> continues to grow with more than 30% of the total supply locked<\/strong>, but this hasn’t been enough to support the price in the face of widespread profit-taking.<\/p>\n\n\n\n

\"Crypto:<\/figure>\n\n\n\n

ETH appears to be heading toward the FBB support at $3,385<\/strong> in the coming days if BTC’s downward trend continues. A deviation below $3,385<\/strong> is highly likely as the previous low from August 3 could be liquidated.<\/p>\n\n\n\n

On the same topic:<\/strong><\/p>\n\n\n\n