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Bitcoin Faces Critical Support Test Amid Bearish Market

11/3/2025

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Summary

Story summary

The cryptocurrency market remains bearish as Bitcoin trades around $108,000 and faces a potential break below key support.
Analysts warn that a close below $106,500 could trigger a steep decline toward $85,700.
The total crypto market cap could fall below $3.55 trillion, signaling a prolonged correction.
Altcoins are expected to underperform Bitcoin, as macro factors including Federal Reserve comments and rising inflation contribute to volatility.

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Story summary

The cryptocurrency market remains bearish as Bitcoin trades around $108,000 and faces a potential break below key support.
Analysts warn that a close below $106,500 could trigger a steep decline toward $85,700.
The total crypto market cap could fall below $3.55 trillion, signaling a prolonged correction.
Altcoins are expected to underperform Bitcoin, as macro factors including Federal Reserve comments and rising inflation contribute to volatility.