TechFlow news, November 13 — Binance released its monthly report showing that the total market capitalization of the crypto market declined by 6.1% in October 2025, marking the first "Red October" since 2018. This was primarily driven by a large-scale deleveraging event on October 10 that wiped out over $19 billion in positions. Bitcoin's market dominance rose to 59.4%, while Ethereum slightly dropped to 12.6%. BNB performed strongly, rising 6.2%, benefiting from ecosystem expansion; however, most major tokens such as SOL, XRP, and ADA saw double-digit declines. Total value locked in DeFi decreased by 4.85%, but stablecoin market cap grew 3.54%. NFT trading volume increased by 11.5%, with the Base chain standing out. Looking ahead to November, the Federal Reserve may end quantitative tightening in December, and improving China-U.S. trade relations could bring renewed optimism to the market.
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