Bitcoin and Other Cryptos Drop. Will the Selloff Stop?

Nov 03, 2025 06:32:00 -0500 by George Glover | #Cryptocurrencies

Bitcoin prices tumbled last month. (GIUSEPPE CACACE/AFP via Getty Images)

Key Points

Bitcoin decreased by 2.7% to $107,568 over 24 hours and is 18% below its record high from last month.
Ethereum fell 4.4% and XRP slid 4.7% over the past 24 hours, with Bitcoin experiencing its worst October in seven years.

Bitcoin and other cryptocurrencies were tumbling on Monday, putting the digital assets on course to start the first few days of November as they ended October—extending a rough recent run.

The world’s largest token by total market capitalization, was down 2.5% to $107,653 over the past 24 hours, according to data from CoinDesk. It’s now trading 18% off the record high it hit early last month.

Ethereum fell 3.4% and XRP slid 4% over the past 24 hours, according to Kraken, the crypto exchange.

Created with Highcharts 9.0.1Sources: CoinDesk (BTCUSD); Kraken (ETHUSD,XRPUSD)

Created with Highcharts 9.0.1BitcoinEthereumXRPNov.-25-20-15-10-50510%

The fourth quarter tends to be the strongest three-month stretch of the year for cryptos, but that trend could grind to a halt in 2025. Bitcoin fell 4% last month, for its worst October in seven years.

It slumped after President Donald Trump threatened to hike tariffs on China, then took further losses when Federal Reserve Chair Jerome Powell signaled that a December interest-rate cut wasn’t a done deal. Lower borrowing costs make risky assets such as stocks and digital tokens more attractive relative to interest-bearing investments such as bonds. Reduced rates also tend to weaken the dollar , which boosts crypto valuations.

The key question is if the token can now find a floor, or if the selloff carries on gathering speed.

“It’s crucial for Bitcoin to hold the $98,000 level,” analysts from TeraHash said on Friday. “Losing it could easily push the price down toward the $90,000 to $74,000 range. If these levels fail to hold, a deeper correction to the $70,000-$60,000 zone becomes likely.”

Bitcoin investor Strategy stock inched down 0.1% on Monday. In a government filing, the former business software company said it bought 397 Bitcoin last week, taking its total holding to 641,205 Bitcoin. The S&P 500 was 0.3% higher.

Write to George Glover at george.glover@dowjones.com