Market update November
Based on Binance Research
Will we enter a bear market?
But we need to look at some of this data first
1. Market Resilience After October Volatility
- October 2025 was the first month since 2018 where the crypto market fell (−6.1%) due to a large liquidation worth US$19 billion.
- However, the market recovered quickly — rebounding more than 10% by the end of the month → indicating that investor confidence remains high.
- The chart shows the monthly crypto market capitalization performance from January–October 2025.
👉🏻October was red (−6.1%) but immediately bounced back in November.
👉🏻BNB rose 6.2% in the same month thanks to new projects like Polymarket, Myriad, and Ondo Finance
2. x402 — Instant Payment Protocol
- x402 is an open payment protocol that enables instant stablecoin transfers without banks, cards, or intermediaries
- Daily transaction volume surpassed 720,000 in October (total weekly >3.7 million transactions)
- New supporting features such as
• Memecoin activity,
• New integrations with Google, Cloudflare, and Circle.
• x402 is now used across networks: Base → BNB Chain → Solana
3. Privacy coins like Zcash, Dash, and Monero are on the rise.
- Transaction activity increased by more than 30% in October.
- Zcash led the increase, with daily transactions up 160% and its market capitalization even surpassing Monero.
- This indicates growing market interest in privacy.
- The drivers are:
• Zero-Knowledge (ZK) technology,
• Confidential smart contract features on Ethereum,
Decentralized applications (dApps) focused on privacy like Lighter.
4. AI trading competition conducted by Nof1 Research in October
- Each AI model was given a capital of $10,000, trading autonomously on the on-chain perpetual market.
- The goal was not to find out who is the most accurate
Distinct “personalities” were found among AI models:
• Owen3 Max & DeepSeek V3.1 → Most successful, winning big through smart risk management and leverage.
• Gemini 2.5 Pro & GPT-5 → Huge losses due to overtrading.