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CoinCatch Market Daily Report (November 3, 2025)
Intermediate
2025-11-03 | 10m
On November 3rd, the cryptocurrency market continued its downward trend, with most major cryptocurrencies trading in negative territory.
The Fear & Greed Index stood at 36, indicating a state of panic , a slight increase from yesterday's 33, but market sentiment remained cautious. Meanwhile, The U.S. Securities and Exchange Commission has set Nov. 12, 2025, as the final date to approve or deny Nasdaq’s proposal to list and trade the Grayscale Hedera Trust. The Bitcoin whitepaper, A Peer-to-Peer Electronic Cash System, published by Satoshi Nakamoto, turned seventeen years old yesterday. DEX token ASTER surged as Binance founder Changpeng Zhao (CZ) purchased approximately 2 million of them and ASTER climbed nearly 20% in response.
Crypto Market Overview
BTC (-2.74% | Current Price: $107,326.34)
Bitcoin prices slipped below $108,000, trading around $107,300 as of press time, down 2.74% in the last 24 hours. Last week, Bitcoin fell a cumulative 7.04%, continuing its decline after facing rejection at $115,137 (the 78.6% Fibonacci retracement level from the April 7 low of $74,508 to the October 6 all-time high of $126,199).
Key technical indicators show Bitcoin momentum continuing to weaken : the Relative Strength Index (RSI) is at 43, below the neutral level of 50, suggesting bearish momentum is gaining momentum. The Moving Average Convergence Divergence (MACD) lines are converging, and the decreasing green histogram signal indicates weakening bullish momentum.
If BTC continues to pull back and closes below $106,453 (61.8% Fibonacci retracement level), it could extend its losses to the October 10 low of $102,000. Conversely, if it finds support near $106,453, it could push the price towards the 50-day EMA ($112,550).
On October 31st, Bitcoin exchange-traded funds (ETFs) registered a net capital outflow of $191.6 million. BlackRock's IBIT ETF saw an outflow of $149.3 million, while Fidelity's FBTC ETF experienced an outflow of $12.0 million.
ETH (-4.54% | Current Price: $3719.13)
Ethereum's price performance was also weak, trading around $3,720, down 4.54% in the last 24 hours. Ethereum previously failed to break through the daily resistance level of $4,232, and fell 11.98% last week.
Ethereum's key technical levels : It is currently correcting towards $3,593 (61.8% Fibonacci retracement level). A continued pullback could extend the decline below $3,593; a recovery could extend the rebound to the 50-day EMA ($4,062). Similar to Bitcoin, Ethereum's RSI and MACD indicators are also issuing bearish signals.
On October 31st, ETH ETFs experienced a total net outflow of $98.2 million, including an outflow of $38.6 million from BlackRock ETHA and 27.1 million from Fidelity's FETH.
Altcoins
In the current market environment, altcoins are facing enormous pressure.
The Altcoin Season Index has dropped to 26, far below the 75 threshold for judging whether the market is in an "altcoin season," indicating that it is indeed in a market cycle dominated by Bitcoin.
The crypto market saw continued pullbacks across all sectors, with the AI sector leading the decline at 4.82% in the last 24 hours.
PayFi, Layer 1, CeFi, DeFi, and Layer 2 sectors also recorded losses , falling 0.36%, 0.85%, 1.02%, 1.53%, and 1.9% respectively.
Amidst a generally declining market, privacy coins have performed exceptionally well, becoming the focus of market attention. Dash (DASH) surged 33.39%, ZEC's market capitalization surpassed a new high of 7 billion, and DASH contract volume hit an all-time high, marking a return of privacy-related tokens to the mainstream market stage.
Macro Data
Federal Reserve policy now drives 60% of cryptocurrency market volatility , a significant increase from the previous estimate of 20%, demonstrating that central bank policy has become the dominant force shaping the digital asset market. Although the Fed cut interest rates by 25 basis points as expected on October 29th, its second rate cut this year, bringing rates to 3.75%-4%, the lowest level since mid-2022, Fed Chairman Powell expressed skepticism about another rate cut in December at the press conference following the rate decision.
On October 30th, the S&P 500 dropped 0.99%, standing at 6,890.89 points; the Dow Jones Industrial Average fell 0.99% to 47,522.12 points, and the Nasdaq Composite dropped 1.57% to 23,581.14 points.
Trending Tokens
ALT Altlayer (+18.76%, Circulating Market Cap: $101.68 Million)
ALT is trading at $0.02158, up approximately 18.76% in the past 24 hours. AltLayer is an open and decentralized protocol for rollups. AltLayer brings together a novel idea of Restaked Rollups which takes rollups (spun from any rollup stack such as OP Stack, Arbitrum Orbit, Polygon CDK, ZK Stack, etc.) and provides them with enhanced security, decentralization, interoperability and crypto-economic fast finality by leveraging restaking mechanism.
ALT broke above its 30-day SMA ($0.021267) and 7-day EMA ($0.018411), with RSI (7-day) at 57.19 suggesting room for upside before overbought conditions. The move above key averages attracted momentum traders, but the 200-day SMA ($0.030418) looms as resistance. Fibonacci retracement levels indicate a critical test at $0.022 (38.2% level). Failure to hold $0.021 could trigger profit-taking.
ICNT Impossible Cloud Network (+14.69%, Circulating Market Cap: $51.07 Million)
ICNT is trading at $0.3054, up approximately 14.69% in the past 24 hours. With its mainnet launched in July 2025 by a team based in Switzerland and Germany, Impossible Cloud Network (ICN) is a decentralized infrastructure protocol designed to support enterprise-grade cloud services. ICN enables permissionless access to distributed hardware resources across storage, compute, and networking. The protocol aims to serve as a foundational infrastructure layer for digital applications, including artificial intelligence platforms, enterprise software, and web services. On October 29, 2025, ICN’s official X account reported 1,000+ enterprise clients, 90PB of live storage (250PB pipeline), and $7M+ annual recurring revenue (@ICN_Protocol). These metrics validate ICNT’s real-world utility in decentralized cloud infrastructure, a narrative gaining traction amid concerns about centralized providers like AWS. Growth transparency may have attracted mid-term investors.
ICP Internet Computer (+11.00%, Circulating Market Cap: $2.15 Billion)
ICP is trading at $4.00, up approximately 11% in the past 24 hours. The Internet Computer blockchain incorporates a radical rethink of blockchain design, powered by innovations in cryptography. It provides the first “World Computer” blockchain that can be used to build almost any online system or service, including demanding web social media, without need for traditional IT such as cloud computing services. As such, it can enable full end-to-end decentralization. ICP outperformed most Layer-1 tokens, rising 20% in the sector last week despite broader market weakness (CryptoNews). In this way, investors may be rotating into undervalued L1s after recent AI token corrections. ICP’s integration with Bitcoin/DeFi (via Maestro partnership in July) and AI-focused upgrades (Ignition milestone) provide narrative fuel.
Market News
SEC Sets Final Nov. 12 Deadline for Grayscale’s Hedera Spot ETF Decision
The U.S. Securities and Exchange Commission has set Nov. 12, 2025, as the final date to approve or deny Nasdaq’s proposal to list and trade the Grayscale Hedera Trust.
The proposal was initially filed by Greyscale on Feb. 28, in accordance with Nasdaq Rule 5711(d), which deals with trust shares that are based on commodities. Proceedings started on June 12 and were last postponed until Sept. 9. The review has been extended multiple times. Grayscale also filed a Form S-1 registration statement outlining the trust’s structure to hold HBAR and track its spot price, net of fees and liabilities.
The SEC’s cautious approach to altcoin ETFs is reflected in this delay. Officials stated that more research on surveillance systems, volatility, and liquidity was necessary. Given Hedera’s enterprise adoption and ISO 20022 compliance, analysts now estimate a 60–80% chance of approval by year’s end.
Hedera’s ETF prospects coincide with a growing list of crypto fund applications. Canary Capital’s spot HBAR ETF faces a final SEC decision on Nov. 8, four days earlier than Grayscale’s, and could set the tone for subsequent rulings. Hedera has also made strategic moves in recent weeks, transferring 250 million HBAR to its staking rewards account, a pre-ETF strategy to activate yields and lock supply. The company has also been hinting at “major developments” through November.
Satoshi's Bitcoin Whitepaper Turns 17: From Cypherpunk Rebellion to Wall Street Staple
The Bitcoin whitepaper, A Peer-to-Peer Electronic Cash System, published by the mysterious and pseudonymous Satoshi Nakamoto, turned seventeen years old yesterday.
Released on Oct. 31, 2008, amid the global financial crisis, the nine-page document laid the foundation for what would become the world’s first cryptocurrency. The whitepaper outlined a vision for a decentralized, peer-to-peer financial system built on cryptographic proof rather than trust in third-party intermediaries. Its goal was to eliminate the problem of double-spending and enable online transactions without relying on banks or other trusted third parties. “We have proposed a system for electronic transactions without relying on trust,” Satoshi wrote.
Seventeen years later, Bitcoin’s influence has reached far beyond the cypherpunk forums where it began. The anniversary comes as U.S. spot bitcoin ETFs in less than two years of existence have experienced unprecedented success, seeing total net inflow of over $62 billion and total net assets exceeding $150 billion, according to SoSoValue data. But Bitcoin’s mainstream acceptance extends beyond Wall Street. It has now entered the highest levels of government, including the White House under the current U.S. administration.
Some of Bitcoin’s most outspoken critics have become its biggest advocates. In 2021, former President Donald Trump dismissed Bitcoin as a “scam against the dollar.” Yet by the 2024 presidential election, he was urging supporters to “never sell your bitcoin” and went on to sign an executive order establishing a bitcoin strategic reserve.
Larry Fink, CEO of BlackRock the world’s largest asset manager once called Bitcoin an “index of money laundering.” Today, he champions it as one of his firm’s most successful ETF products and views it as a hedge against sovereign debt instability. Likewise, Michael Saylor, the outspoken CEO of Strategy, has become one of Bitcoin’s most persistent evangelists, continuing to accumulate BTC through stock and debt offerings. Saylor himself began as a skeptic, once declaring, “Bitcoin’s days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling.”
ASTER Zooms 20% as Binance's CZ Purchases 2M Tokens
Aster price chart. Source: CoinMarketCap
DEX token ASTER surged as Binance founder Changpeng Zhao (CZ) purchased approximately 2 million of them, sending a wave of speculative demand across the market.
Investors interpreted the purchase as a signal of confidence from one of crypto’s most influential figures, and ASTER climbed nearly 20% in response.
The underlying project behind ASTER is a rebranded derivative platform that merged from older tokens (including APX) and relaunched with a token-generation event in September 2025. ASTER’s max supply is 8 billion tokens, with over half allocated to community incentives such as airdrops and strategic distribution.
The platform packages itself as a hybrid decentralized exchange offering perpetuals and spot trading across multiple chains, with features like hidden orders and high leverage.
CZ’s public endorsement — where he described ASTER’s launch as a “strong start” — added fuel to the rally. On-chain data cited by analysts show ASTER’s wallet amassed large sums of USDT and became one of the largest on BNB Chain outside of Binance itself.
Although the jump is real, the risk of retreat is equally tangible. High token supply, intense competition (especially from rivals like HYPE), and a narrative-heavy boost rather than clear, sustained fundamental breakthroughs mean traders should remain vigilant of price spikes.
Reference:
CoinMarketCap. (n.d.).
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https://coinmarketcap.com
Farside Investors. (n.d.-a).
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Spot gold price today.
https://goldprice.org/spot-gold.html
CoinMarketCap. (n.d.).
Aster price today, ASTER to USD live price, marketcap and chart. Retrieved November 3, 2025, from
https://coinmarketcap.com/currencies/aster/
CoinDesk. (2025, November 1).
Satoshi's Bitcoin whitepaper turns 17: From cypherpunk rebellion to Wall Street staple. Retrieved November 3, 2025, from
https://www.coindesk.com/markets/2025/11/01/satoshi-s-bitcoin-whitepaper-turns-17-from-cypherpunk-rebellion-to-wall-street-staple
Cryptonews. (2025, November 3).
SEC faces deadline for Grayscale's spot HBAR ETF decision.
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https://crypto.news/sec-deadline-grayscale-spot-hbar-etf-decision-2025/
CoinDesk. (2025, November 2).
Aster zooms 20% as Binance's CZ purchases $2M tokens. CoinDesk. Retrieved November 3, 2025, from
https://www.coindesk.com/markets/2025/11/02/aster-zooms-20-as-binance-s-cz-purchases-2m-tokens
CoinCatch Team
Disclaimer:
Digital asset prices carry high market risk and price volatility. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance. CoinCatch is not responsible for any losses that may occur. This article should not be considered financial advice.
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