Cryptocurrency Overview as of November 1, 2025: Bitcoin Stabilizes Around $110,000, Ethereum Prepares for Fusaka Upgrade, Altcoins Show Mixed Dynamics. Comprehensive Analysis of the Digital Assets Market.
As of the end of October 2025, the global cryptocurrency market capitalization stands at approximately $3.7 trillion, with the leading cryptocurrency, Bitcoin, trading around $110,000. Throughout October, the BTC price fluctuated between $106,000 and $110,000 after reaching an all-time high of over $126,000 at the beginning of the month. Surveyed analysts caution about high volatility and the potential for mixed movements: for example, one leading commentator estimates the December range for Bitcoin to be between $108,000 and $120,000, with possible short-term corrections and attempts to break through these levels. Simultaneously, several major altcoins are displaying mixed dynamics: Ethereum remains within the $3,800–4,000 corridor, while the privacy coin Zcash has shown phenomenal growth — its price surged nearly 900% over two months, exceeding $375.
Federal Reserve and Macroeconomics
In the U.S., the Federal Reserve concluded its October meeting with another reduction in the benchmark interest rate to between 3.75% and 4%. However, Fed Chairman J. Powell indicated that further reductions in December are not guaranteed. These remarks, coupled with the protracted government shutdown, heightened investor uncertainty: Powell's statement triggered a roughly 2% drop in Bitcoin’s price, and by the end of the week, over $600 million in outflows were observed from spot BTC ETFs. As a result, amidst these news, the BTC price dipped below $108,000, but by the morning of November 1, its value returned to around $110,000.
Global Events and Geopolitics
Investor sentiments are also influenced by global events. For instance, the meeting between U.S. and Chinese leaders ended without a joint communiqué, which was seen as a negative signal; despite agreed tariff reductions, the lack of a final statement dampened market optimism. In Asia, central banks maintain a rigid stance: the People's Bank of China reiterated that stablecoins represent a systemic threat and continued to ban cryptocurrency activities since 2017. Conversely, Japan launched the first yen-denominated stablecoin, JPYC, under new regulation in October 2025. These examples highlight a global divergence: some countries tighten control, while others foster innovation.
Major Altcoins and Technological Upgrades
Beyond BTC, interest in major altcoins is growing. Ethereum remains the second-largest cryptocurrency by market capitalization (~$466 billion) and serves as a platform for DeFi and NFTs. Currently, ETH is trading around $3,800–$4,000, with tech traders focusing on the planned December Fusaka fork. This hard fork aims to reduce fees and enhance network security, potentially boosting demand for ETH in the coming weeks. Among other key projects in October were Solana (notable increase in May activity) and product launches: Binance announced spot ETFs for SOL, LTC, and HBAR, while the SEC is preparing to launch a spot ETF for XRP as early as mid-November. Such initiatives generate additional interest in altcoins amidst a general recovery in sentiment.
Institutional Flows and ETFs
Institutional demand for crypto instruments remains variable. Analysts report simultaneous inflows and outflows from Bitcoin ETFs in recent weeks, but the cumulative trend has pressured prices. At the same time, successful launches of new products have been noted: spot ETFs for SOL, LTC, and HBAR have shown significant early inflows, and approval for the XRP ETF is anticipated in November. Expanding opportunities for institutions helps attract "traditional" investments and adds liquidity to the market; however, debates surrounding the regulation of such funds continue to foster investor caution.
Cryptocurrency Regulation Worldwide
On a political level, new rules for cryptocurrencies are under discussion. In particular, in Russia, the Ministry of Finance and the Central Bank have agreed to regulate cryptocurrency transactions within foreign trade operations, legalizing them under enhanced oversight from the Central Bank. However, access to crypto investments in the country is planned to be limited—targeted towards "especially qualified" participants. In other regions, regulators continue to seek a balance: the EU and the U.S. are analyzing the experiences of existing ETFs, while in China, a strict regime persists (a ban on mining and trading since 2017). All of this indicates that major global economies aim to ensure the security of financial systems while also supporting technological progress.
Top 10 Most Popular Cryptocurrencies
- Bitcoin (BTC) — the first cryptocurrency, leads by market capitalization (~$2.20 trillion). Often referred to as "digital gold," it is used as a hedge against inflation.
- Ethereum (ETH) — the second-largest cryptocurrency (~$466 billion). A platform for smart contracts and DeFi. In 2025, ETH prices have risen amid upgrade expectations.
- Binance Coin (BNB) — the exchange token for Binance (~$149 billion). Used for fee payments and participates in the Binance ecosystem.
- XRP (Ripple) — the token for the Ripple payment network (~$152 billion). Often referred to as a "crypto-gateway" for interbank transactions. Despite regulatory disputes, it maintains wide popularity.
- Solana (SOL) — a blockchain for high-performance applications (~$104 billion). Attracts developers due to high speed, actively used in NFTs and DeFi.
- Dogecoin (DOGE) — a "meme" coin (~$28.2 billion). It has a large community and media backing (founder of SpaceX Elon Musk), remaining popular among retail investors.
- TRON (TRX) — a platform for entertainment and multimedia applications (~$28.0 billion). Promotes the network through BitTorrent services, often used in gaming and entertainment projects.
- Cardano (ADA) — a "third-generation" blockchain (~$22.5 billion). Focuses on security and scalability, conducting its own technological developments (e.g., Ouroboros).
- Litecoin (LTC) — "silver to Bitcoin's gold" (~$7.3 billion). Created as a lighter version of Bitcoin with accelerated issuance, it is often used to test updates (implemented SegWit, Lightning, etc.).
- Avalanche (AVAX) — a platform for fast decentralized applications (~$7.9 billion). Attracts DeFi projects with its unique consensus and low transaction delays.
November 2025 Forecast
Analysts expect November to begin with volatility. In their view, the first half of the month may see subdued sentiment due to unresolved macroeconomic and geopolitical issues: forecasts suggest that BTC could fluctuate within the $108,000–$120,000 range. However, as November progresses, the traditional seasonal "Santa Claus rally" may bring growth: investors are likely to close short positions and seek to capitalize on positive trends, potentially pushing Bitcoin back to $120,000 and above. Key factors will include the successful launch of Ethereum Fusaka and stabilization of the global economy and dollar market.
