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Crypto markets saw a strong relief rally on November 2, 2025, with total capitalization surging over $33 billion in just six hours and Bitcoin crossing the $111,000 mark amid a broadly positive trend for major assets.
Key Cryptocurrencies Performance
Bitcoin (BTC): Traded between $110,350 and $111,129, showing a daily gain of about 0.67%. Resistance at the $110,000–$112,500 range remains strong due to heavy supply zones, but price action is cautiously optimistic with near-term upside possible if resistance is breached.
Ethereum (ETH): Rose 1.22% to regain $3,850, forming a bullish flag pattern and attracting renewed ETF inflows, indicating sustained investor interest and potential for further growth.
XRP: Surged 11% to dethrone BNB as the fourth-largest cryptocurrency by market cap, now at $152.2 billion. This signals growing interest in payment and remittance projects within the crypto space.
Market Sentiment and Macro Trend the broader market cap hit $3.72 trillion, up 0.4–0.61% this session.This move was primarily driven by rapid short liquidations during low-volume weekend trading, optimism about crypto ETFs, and expectations of institutional participation.
BTC remains above its 200-day moving average, a key technical marker supporting trader confidence and attracting fresh liquidity.
Analysts forecast continued cautious upside if BTC holds above $108,000 and breaches resistance near $114,000, though typical weekend surges may fade with the return of weekday trading.
Other Altcoins and Notable Shifts Solana, Cardano, and Dogecoin also posted moderate gains, continuing the broad-based rally.
Institutional investors are starting to accumulate ETH, driven by expectations for spot ETH ETFs and DeFi stability.
Despite the bullish momentum, U.S. investors are reportedly showing some caution, potentially signaling pockets of risk-off sentiment brewing ahead of major macroeconomic data releases. 0 reply
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