Crypto Market Rises Today: Check Out Key Factors and Updates!
2025-11-02
Bittime - Market crypto today is showing positive signs again, having recorded a 0.73% increase in the past 24 hours. While movement remains limited, optimism is growing amid a combination of global factors such as Binance's dominance, Solana's adoption, and improving regulatory sentiment.
Today's crypto market surge comes amidst still-uncertain global economic conditions. However, several key catalysts are starting to build investor confidence, particularly following positive news from several major exchanges and the launch of new investment products that are strengthening the public's position on digital assets.
Binance's Dominance and BNB's Role in the Global Ecosystem
One of the main factors behind today's crypto market surge is Binance's strong influence. The world's largest crypto exchange maintains its global market share at 41%, with derivatives trading volume reaching $2.55 trillion in the third quarter of 2025.
The news that Kyrgyzstan added token BNB into its national reserves and launched central bank digital currency (CBDC) on the networkBNB Chainbe the main driver of positive sentiment.
The move confirms Binance's position as an increasingly globally accepted crypto institution.
Furthermore, Binance's compliance with regulations in over 20 countries and the development of artificial intelligence-based investment tools have made many institutional investors increasingly confident in entering the BNB ecosystem.
Read also: Can Asetqu's Price Rebound to an ATH of 460,000? Check Out the Analysis & Opportunities in 2025!
Solana ETF Sparks Altcoin Surge
Another news that is also exciting in the market comes fromGrayscale, which received official approval from the SEC to launch the Solana ETF. This approval immediately triggered a 24% price rally in Solana (SOL) and brought a breath of fresh air to other Layer-1 crypto assets.
In addition, the stepsWestern UnionUsing the Solana blockchain for cross-border payments further strengthens Solana's position in the real-world financial sector.
The combination of real-world use cases and easy access through ETFs makes Solana one of the most attractive altcoins today.
The correlation between Ethereum and Solana has also increased sharply to +0.88 in the past week, indicating that investors are starting to view both as key assets in the blockchain ecosystem.
Global Macro Sentiment Shift
Despite continued global economic uncertainty, the relationship between crypto markets and tech stock indexes like the Nasdaq is weakening.
A negative correlation of -0.34 indicates that investors are starting to view crypto as an asset that is more independent from traditional stock market movements.
On the other hand, the disbursement of $1.15 billion in funds from ETF Bitcoin during October, the market was able to hold back its upward movement.
However, positive developments from US-China trade talks signaling new stability that reduces investor concerns about geopolitical risks.
Read also: Bitcoin (BTC) Price Rises After Fed Speech: Will the Bullish Trend Continue?
Bitcoin Poised for Recovery in November
After a slight 3.69% drop last October, Bitcoin appears poised for a rebound in November. Historical data shows that since 2013, Bitcoin has averaged a gain of over 42% each November.
Many analysts expect a similar trend to repeat itself this year, especially with increased support from major financial institutions and positive statements from industry figures such asMichael Saylor And Robert Kiyosaki.
Optimism also grew after a number of countries such as El Salvador and Kazakhstan continue to strengthen their crypto infrastructure. These steps affirm Bitcoin's position not only as a speculative asset, but also as a means of transaction and a global reserve of value.
Read also: Chainlink (LINK) Price Rises After Fed Speech: Rupiah Weakens, Crypto Strengthens
Litecoin and Other Assets Are Starting to Attract Investors
Besides Bitcoin and Solana, investors' attention is also focused on Litecoin (LTC) which has just received approvalThe first spot ETF in the United States.
This ETF allows investors to purchase Litecoin through traditional stock markets, adding legitimacy to the asset in the public eye.
Litecoin's price is currently around $96, up nearly 2% in a single day. Analysts predict that if LTC manages to break through $200, the rally could continue to reach $4,000 in the long term.
How to Buy Crypto on Bittime
Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.
Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!
Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.
Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.
FAQ
How is the crypto market today?
The global crypto market cap today is $3.79 Trillion, showing an increase in change of+0.45%compared to 24 hours ago.
Is the crypto market expected to rise?
Yes, the market is expected to rise. As the global market anticipatespotentialbull run(big increase) and an optimistic outlook for 2025, this positive sentiment may translate into increased investment.
Who owns 90% of Bitcoin today?
Until March 2023,Top 1% of Bitcoin addresses who is holding more than 90%of the total Bitcoin supply.
Is it wise to buy crypto now?
Yes,crypto is a good investment today, but only if you understand the risks involved. Just like any other asset, the value of crypto assets can vary greatly.
What is the "30-day rule" in crypto?
30 day rule (30-day rule) states that if a crypto asset is sold and then repurchased within 30 days, the cost basis (cost basis) is the cost of purchasing the newly acquired assets.
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.




