Crypto Market Update: Sector Loses 2025 Gains as UNDP Introduces Blockchain Training Programs

Crypto Landscape Update: November 7, 2025

Current Market Overview

As of 9:00 a.m. UTC on November 7, the cryptocurrency market is in a turbulent state, reflecting a significant downturn. Key players such as Bitcoin and Ether have experienced notable price fluctuations, prompting analysts to scrutinize the underlying trends and market sentiment.

Bitcoin and Ether Price Dynamics

Bitcoin (BTC) is currently trading at US$103,902, marking a 3.0% decrease over the last 24 hours. Throughout the day, Bitcoin reached a high of US$103,421 and dipped to a low of US$99,931.52. This recent decline extends Bitcoin’s slide, having lost over 20% from its record highs in early October, a situation that confirms its entry into bear-market territory. Observing a pattern of losses, this week marks Bitcoin’s second consecutive week in decline and its fourth down week in five.

Recent economic data revealing a sharp rise in U.S. layoffs, the highest in twenty years, has sparked discussions about potential Federal Reserve rate cuts in December. Despite a challenging market, former President Trump reiterated a pro-crypto stance, advocating for the US to become a “Bitcoin superpower.” However, he did not outline any plans for direct government purchases of cryptocurrency.

Analysts indicate that Bitcoin is persistently hovering around a critical technical threshold near $97,000. Trader Ted Pillows commented that while Bitcoin is maintaining its position above the $100,000 mark, investors should remain cautious, especially if it fails to close a strong daily candle above $106,000.

On the other hand, Ether (ETH) is priced at US$3,338.69, reflecting a 4.1% increase in the past 24 hours, with its price oscillating between a low of US$3,229.48 and a high of US$3,397.60. Similar to Bitcoin, Ether is experiencing struggle as it drops below the US$3,300 threshold, indicating that bearish pressure is influencing the market.

Altcoin Performance

In addition to the major cryptocurrencies, notable altcoins are also battling red markets:

• Solana (SOL) is priced at US$157.08, down 3.1% from the previous day, with a daily high of US$160.86 and a low of US$152.27.
• XRP, trading at US$2.22, has decreased by 4.8%, experiencing a high of US$2.30 and a low of US$2.17.

The trend indicates that altcoins are losing value in tandem with Bitcoin and Ether, driven by broader market sentiment characterized by reduced liquidity and a lack of new inflows.

Market Indicators and Derivatives

Recent data surrounding crypto derivatives reveals a mixed outlook. Total liquidations for Bitcoin contracts reached approximately US$48.39 million over the past four hours, largely resulting from long positions, signaling forced selling. Ether saw similar trends with US$25.82 million in liquidations, primarily from leveraged long positions.

Futures open interest reflects a minor unwind as well, with Bitcoin edging down by 0.03% to US$69.44 billion, while Ether decreased by 1.92% to US$38.19 billion, indicating a slight pullback in leverage at the close of the trading session. Bitcoin’s current RSI sits at 30.81, approaching oversold territory, hinting at a potential uptick if buying momentum builds.

Significant News in the Crypto Space

The current downturn has prompted reactions across the board. Recent reports indicate that the cryptocurrency market has nearly wiped out all gains achieved in 2025—a steep reversal within a month that many are deeming reminiscent of earlier bear cycles. The market capital peaked at around US$4.4 trillion but has since dropped by 20%, leaving the asset class reflecting a mere 2.5% year-to-date increase. This decline followed approximately US$19 billion in liquidated leveraged positions, exacerbating trader uncertainty.

Meanwhile, Japan’s Financial Services Agency is advancing a collaborative project with the country’s three largest banks—Mitsubishi UFJ, Sumitomo Mitsui, and Mizuho—to launch a stablecoin aimed at enhancing cross-border payments. This initiative comes under Japan’s revised Payment Services Act, which demands full asset backing and strengthens consumer protections.

Additionally, the United Nations Development Programme (UNDP) is broadening its educational efforts by launching a global blockchain training initiative for government officials. Designed to enhance digital infrastructure adoption, the UNDP aims to identify potential government applications for blockchain technology. The program will involve training and support for real-world projects, with discussions ongoing among major blockchain organizations regarding forming an advisory group to assist the effort.

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Note: This article reflects the author’s views and does not represent the official stance of Nasdaq, Inc.