Why Crypto Market Is Crashing Today [Live] Updates On November 3

Ripple has locked 700 million XRP back into escrow after releasing 1 billion XRP as part of its regular monthly cycle. According to Whale Alert, the company moved 500 million and 200 million XRP to escrow, while 300 million XRP were transferred from an unknown wallet to Ripple and another 35 million between unidentified wallets. These transfers are standard for Ripple’s liquidity operations, with the retained 300 million XRP likely designated for institutional and operational use. No major exchange inflows were detected, indicating no immediate selling pressure.

This year’s Ripple SWELL lineup highlights a powerful shift; traditional finance is no longer watching from the sidelines; it’s stepping in. Major banks, asset managers, exchanges, and payment networks are sharing the stage, signaling a growing partnership between blockchain innovation and global finance. The future of payments and digital assets will be driven by collaboration between legacy institutions and blockchain pioneers — and Ripple is right at the center of it.

Eight XRP ETFs have been registered on the DTCC, signaling that these funds are now in the operational pipeline for potential trading. The listed ETFs include:

21Shares XRP ETF Beneficial Interest

ProShares Trust Ultra XRP ETF

Bitwise XRP ETF Beneficial Interest (DE)

Canary XRP ETF Beneficial Interest

Volatility Shares Trust XRP ETF

CoinShares XRP ETF Common

ETF Opportunities Trust REX-Osprey XRP

Volatility Shares Trust 2X XRP ETF

This marks a significant milestone for institutional adoption of XRP, suggesting that ETF products are now being actively processed — a move that could reshape XRP’s market trajector

The Ethereum ($ETH) liquidation map is flashing signals of a potential short squeeze. Most liquidity is currently stacked on the sell side, suggesting that once price pushes higher, it could trigger a cascade of liquidations — fueling a strong upward move.There’s notable liquidity buildup around $3,875, hinting at a possible fake-out or brief spike before the real breakout. If ETH clears that zone, it could open the path for a major rally — possibly leading the next leg of the bull run.

The crypto market is back in the red as Bitcoin ($BTC) tumbles to $108,000, while Ethereum ($ETH) slides over 3%. The total crypto market cap has fallen by 2% in the past hour, triggering more than $100 million in liquidations across major exchanges. The sharp downturn reflects rising volatility and heightened risk sentiment, with traders facing increased pressure amid sudden market swings.

Cardano ($ADA) is showing strong bullish divergence on the daily chart — a pattern that last preceded an 87% rally from $0.54 to $1.02. Technical indicators are lining up, with the Stoch RSI bottoming on both daily and weekly timeframes, signaling potential for a multi-month upward move rather than a short-term bounce.At current levels, analysts suggest ADA appears undervalued, and if momentum builds, the altcoin could be gearing up for its next major leg higher.

A growing number of traders are bracing for a major correction in both the stock and crypto markets over the next 3–9 months. The warning signs are stacking up: soaring margin debt, rising inflation, and a weakening economic outlook. Once selling begins, margin calls could spark a cascade of forced liquidations, accelerating the downturn.Many investors, like the one quoted, have already moved into stablecoins and are sticking to short-term trades, mostly short positions, anticipating a sharp market reset ahead.

Bitcoin ($BTC) slipped 2.5% in the past 24 hours, underperforming a broadly weaker crypto market (-2.88%). The decline stems from multiple pressures — both macro and technical. Federal Reserve Chair Jerome Powell’s hawkish remarks reignited fears of delayed rate cuts, boosting the USD and driving investors away from risk assets. Meanwhile, Spot Bitcoin ETFs saw $388 million in net outflows, the largest since August, signaling profit-taking by institutions. Technically, BTC’s drop below $109.5K triggered automatic sell orders. The key support now lies between $108K–$109K, crucial for preventing further downside.

Bitcoin whales are on the move again! Since October 1, longtime holders known as Bitcoin OGs have deposited nearly 13,000 BTC (worth $1.48 billion) to major exchanges like Kraken, Binance, Coinbase, and Hyperliquid. Notably, Owen Gunden transferred 3,265 BTC ($364.5 million) to Kraken since October 21. These massive deposits are fueling market speculation about potential sell-offs, as Bitcoin’s price faces increased selling pressure from early investors taking profits.