Price predictions 11/3: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE

The crypto market's early November performance has mirrored the dreary trends of October, with major assets like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) plunging to new lows. Investors are left wondering if bulls will step in to buy the range lows, or if the bearish sentiment will persist.

The lackluster start to November comes on the heels of a dismal October, where the market broadly ignored historical patterns and continued its downward spiral. Leading altcoins like Binance Coin (BNB), Solana (SOL), and Dogecoin (DOGE) have all joined Bitcoin and Ethereum in posting significant losses over the past week. Even Cardano (ADA), which had been a relative outperformer, has succumbed to the overwhelming bearish pressure.

The grim outlook raises concerns for crypto enthusiasts and investors alike, as the recent price action deviates from the typical "altseason" bounce that often occurs in the final months of the year. With the US Dollar Index (DXY) strengthening and the S&P 500 (SPX) also facing headwinds, the crypto market appears increasingly correlated to broader macroeconomic trends.

As the industry grapples with these challenges, the big question is whether buyers will emerge to scoop up assets at current "range lows." The outcome could have significant implications for the long-term trajectory of the crypto space, with a failure to mount a convincing rebound potentially signaling more pain ahead. Savvy investors will be closely monitoring the situation, seeking opportunities to capitalize on the market's swings while mitigating their exposure to the prevailing downside risks.