November Begins with Market-Wide Declines

The first days of November have brought challenging conditions for the cryptocurrency market. The overall market capitalization has seen a 3% reduction, signaling a bearish start to the month. This decline is broad-based, affecting a majority of large-cap digital assets. Bitcoin (BTC), the market leader, has been particularly impacted, with its price falling below the key $108,000 level. This movement underscores a prevailing negative sentiment among investors as the market navigates fresh price action.