Why Is Crypto Down Today? – November 12, 2025

The crypto market is down at this time, with the cryptocurrency market capitalisation reducing by 1.8%, now standing at $3.57 trillion. Much like yesterday, a big majority of the highest 100 cash have dropped over the previous 24 hours. At the identical time, the full crypto buying and selling quantity is at $154 billion.

Crypto Winners & Losers

At the time of writing, 9 of the highest 10 cash per market capitalization have seen their costs lower over the previous 24 hours.

is down by 2.6%, now altering fingers at $3,459. This is the second-highest lower.

The highest drop within the class is 3.2% by Solana (SOL), which trades at $977.

The solely inexperienced coin is Tron (TRX), which appreciated 0.5% to the value of $0.2994.

Looking on the prime 100 cash, we discover 87 of them within the purple. Official Trump (TRUMP) fell probably the most: 6.6% to $7.81.

It’s adopted by Arbitrum (ARB), which fell 5.6% to the value of $0.2789.

On the opposite hand, Canton (CC) appreciated probably the most: 25.4% to $0.1379, whereas Aster (ASTER) noticed a rise of seven.9%, now standing at $1.16.

And whereas optimism grows throughout numerous markets that the US is near ending its authorities shutdown, crypto merchants and buyers stay cautious, and the sentiment stays subdued attributable to weak ETF inflows.

Large Sums of Idle Capital May Be Coming Back

Glassnode analysts have commented that BTC sits between $100,600 and $108,500 – the degrees that act as assist and resistance.

A break of both one of many two is “prone to outline the following directional pattern,” they write.

When it involves ETH, Kevin Rusher, founding father of RAAC, a real-world-asset (RWA) lending and borrowing ecosystem, famous that there was damaging sentiment attributable to ETH’s decline from almost $5,000. However, he says, “the basics of Ethereum have by no means seemed stronger, which is being pushed by large progress in stablecoins.”

Per DeFi Llama, the full worth locked in stablecoin RWA protocols on Ethereum elevated from $133.8 billion at first of August to over $167.5 billion on 11 November. Yet, in the identical interval, the full crypto market cap declined from round $3.85 trillion to $3.67 trillion.

Moreover, final month, Ethereum stablecoin quantity hit a document $2.8 trillion “because the broader market slowdown appears to have pushed merchants to hunt additional yield alternatives by way of stablecoins on Ethereum-based DeFi protocols.”

Finally, Ethereum can also be “rising as Wall Street’s favorite blockchain due to the potential for stablecoins as a “viral” use case for funds,” Rusher writes.

Meanwhile, Bitunix analyst commented on the AI funding increase probably coming into its late-stage bubble part. “If the US AI sector continues to chill, each BTC and ETH may entice renewed flows from hedging and speculative capital.”

They proceed: “As overvalued tech shares face correction dangers, some capital could rotate out of equities and movement into high-beta property — with crypto rising as a pure various.”

Levels & Events to Watch Next

At the time of writing on Wednesday morning, BTC trades at $103,854. The coin has dropped from the intraday high of $105,466 to the intraday low of $102,461, earlier than recovering considerably to the present worth.

Notably, over the previous week, the value noticed a dip under $100,000, hitting $99,376. The highest level on this timeframe was $106,562. It’s up 2.8% in every week.

Should BTC proceed dropping, it may hit $101,400 adopted by $99,200. Conversely, an increase above $104,500 may affirm renewed bullish momentum, focusing on $107,500 and $110,500