Why Is The Crypto Market Down Today?

The total crypto market cap (TOTAL) and Bitcoin (BTC) dipped slightly over the last 24 hours as the market conditions showed signs of improvement today. Altcoins, following the lead of the crypto king, also fell, led by Pump.fun (PUMP) posting a 16% decline.

In the news today:-

• Strategy (NASDAQ: MSTR) posted a strong rebound in Q3 2025, reporting $2.8 billion in net income compared to a $340 million loss last year. The firm reaffirmed guidance for $34 billion in operating income and $20 billion in Bitcoin gains, solidifying its dominance as the top corporate Bitcoin holder.
• Coinbase reported strong Q3 results with $1.87 billion in revenue and $433 million in profit, driven by higher trading and institutional demand. Transaction revenue surged 83% year-over-year, boosted by its $2.9 billion Deribit acquisition and a 22% rise in trading volumes.

The Crypto Market Is Looking For Support

The total crypto market cap has dropped by $55 billion in the past 24 hours, now resting at $3.63 trillion. Investor sentiment remains cautious as market participants await fresh catalysts to reignite momentum.

Broader macroeconomic conditions are signaling bearish momentum, which could add further downside risk to the market. If selling pressure intensifies, TOTAL may decline toward $3.56 trillion.

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Total Crypto Market Cap Analysis. Source: TradingView

However, if investors return with renewed confidence, the total crypto market cap could regain its footing. A rebound toward $3.67 trillion could help TOTAL reclaim stability and set the stage for a breakout above the $3.73 trillion resistance, signaling improving sentiment across major digital assets.

Bitcoin Is Below $110,000

Bitcoin is currently trading at $109,109, holding just above the critical $108,000 support level after slipping through $110,000 in the past 24 hours. The cryptocurrency’s short-term outlook remains cautious as traders await stronger buying pressure.

If market conditions deteriorate further, Bitcoin’s price could face additional downside risk. The Relative Strength Index (RSI) indicates growing bearish momentum, suggesting the possibility of BTC falling below $108,000. Continued weakness may push prices toward $105,000.market.

Bitcoin Price Analysis. Source: TradingView

However, if Bitcoin manages to rebound from current levels, a move above $110,000 could trigger renewed optimism. Breaking through $112,500 and securing it as support would strengthen the bullish outlook. Such a recovery would invalidate the bearish thesis.

Pump.fun Registers A Drop

PUMP price has fallen 16% in the past 24 hours, currently trading at $0.0043. The sharp decline makes it the biggest loser of the day, reflecting fading investor confidence. 

The altcoin has slipped below the $0.0046 support level, exposing it to further downside risk. A continued decline could push PUMP toward $0.0040 or lower, erasing a significant portion of its recent gains.

PUMP Price Analysis. Source: TradingView

If PUMP manages to rebound and reclaim $0.0046 as support, it could trigger a relief rally. A successful recovery might propel the token toward the $0.0056 resistance level. Breaking past this barrier would invalidate the bearish outlook.