BTC, ETH, SOL, XRP Price News: Can Bitcoin Get a Bullish November?

Bitcoin started November under pressure after experiencing its worst October in a decade, slipping below $105,000. Major cryptocurrencies like Ether and Solana saw significant declines, contributing to a $100 billion loss in the total crypto market capitalization. Bitcoin fell 2.8% alongside a 6% drop in Ether. Solana led losses with a 10% drop, while BNB and XRP lost 6.4% and 5%, respectively. The Federal Reserve's recent cautious messaging and a 25-basis-point rate cut contributed to broader market risk aversion. Despite October’s decline, which broke Bitcoin's streak of positive monthly finishes, analysts suggest that this could be a healthy consolidation phase. Historically, November has shown positive trends for Bitcoin, raising speculation about a possible recovery if traders regain confidence and the Fed’s narrative boosts capital flows into crypto. Meanwhile, overall market sentiment remains impacted by geopolitical uncertainties and a pullback in equities and commodities, with traders facing aggressive liquidations in the face of downside moves.

Source 🔗