Why Is Crypto Down Today? – November 21, 2025
The crypto market is down in the present day, with the cryptocurrency market capitalisation plunging 7.6%, and under $3 trillion, now standing at $2.98 trillion. 99 of the highest 100 cash have gone down over the previous 24 hours. At the identical time, the overall crypto buying and selling quantity is at $269 billion.
Crypto Winners & Losers
At the time of writing, all high 10 cash per market capitalization have seen their costs fall over the previous 24 hours.
is down by 10%, now altering arms at $2,729. This is the third-highest drop within the class.
The highest lower is 10.9% by Solana (SOL), now buying and selling at $127.
It’s adopted by Dogecoin (DOGE)’s 10.6%, falling to the worth of $0.1411.
At the identical time, the smallest drop is Tron (TRX)’s 3.3%, now standing at $0.2778.
When it involves the highest 100 cash, a whopping 36 of them noticed double-digit drops. The highest amongst these is 21.4% by Canton (CC), which now trades at $0.0763.
Provenance Blockchain (HASH) follows with a fall of 19% to $0.02449.
Zcash (ZEC) is the one coin that appreciated by the point of writing, going up 1.8%, buying and selling at $679.
Some insiders are warning that BTC is on observe for its worst month-to-month efficiency since 2022, and that the downturn and selling have only just begun.
Placeholder associate Chris Burniske argued that “the period of DAT promoting has solely begun.” Furthermore, Alliance DAO co-founder QwQiao argued that the following bear market will want one other 50% fall earlier than a powerful basis can kind.
Veteran dealer Peter Brandt commented that “this dumping is one of the best factor that would occur to Bitcoin. The subsequent bull market in Bitcoin ought to take us to $200,000 or so. That needs to be in round Q3 2029.”
‘Macroeconomic Jitters May Turn Into Full-Blown Panic
Nic Puckrin, crypto analyst and co-founder of The Coin Bureau, commented that BTC “has been in all places within the final 24 hours, pulled in several instructions by conflicting information.”
On the one hand, the analyst says, there are “the quickly dwindling probabilities of a December fee reduce” by the US Federal Open Market Committee (FOMC). On the opposite hand, there’s “an indication of aid that the AI bubble isn’t about to implode, after Nvidia’s forecast-beating earnings.”
“We’re seeing sturdy buying and selling quantity available in the market, and now the query is whether or not the bulls or bears will win this tug-of-war. Bitcoin does are likely to comply with tech, and Nvidia’s shares have rallied 5% after hours.”
Per Puckrin, ought to there be optimistic temper over the weekend, Bitcoin could comply with. However, “if macroeconomic jitters flip into full-blown panic and the sell-off intensifies, there may be sturdy resistance round $75,000, which marks the April 2025 low. A transfer increased is extra seemingly within the quick time period, although, given the present market dynamics.”
Levels & Events to Watch Next
At the time of writing on Friday morning, BTC stood at $84,152. Over the previous day, the coin moved between $83,461 and $92,220, steadily dropping from the intraday high to the present worth.
Over the previous week, we see the worth vary of $83,851–$97,312. BTC fell 13.1% in every week, 22.5% in a month, and 33.4% from the all-time high of $126,080.
Bitcoin is transferring towards the $74,500–$83,800 demand zone. A break under may decrease the worth to the $70,000 territory. Conversely, a rebound from the $86,000 area may set off a retest of $97,500 and create a chance for a transfer in direction of $111,300.
Ethereum is at present altering arms at $2,729. The worth fell from the intraday high of $3,033 to the intraday low of $2,703.
It has additionally dropped from the intraweek high of $3,237. Overall, ETH decreased by 14.1% in every week, 29.4% in a month, and 44.6% from the ATH of $4,946.
The worth may see an extra drop in direction of $2,500 and $2,380. Should the bulls prevail and ETH defends the $3,000, the worth may climb again to $3,300.
Meanwhile, the crypto market sentiment dropped the bottom it’s been in years, falling deeper throughout the excessive worry zone. The crypto worry and greed index stands at 11 today, in comparison with 15 yesterday.
CoinMarketCap has by no means recorded a degree this low because it began measuring this index in July 2023.
This signifies that market individuals are frightened and pessimistic, and that the market is pushed by uncertainty. The promoting strain is growing. Overall, it is a very bearish sentiment.
ETFs See Mixed Picture
On Thursday, the US BTC spot exchange-traded funds (ETFs) noticed a whopping degree of outflows, letting go of $903.11 million, the best quantity since February 2025. With this, the overall internet influx fell to $57.4 billion.
Eight of the 12 BTC ETFs noticed unfavourable flows, and there have been no optimistic flows. BlackRock recorded -$355.5 million, adopted by Grayscale’s -$199.35 million and Fidelity’s -$190.37 million.
Moreover, the US ETH ETFs have continued their outflow streak for the tenth day in a row, seeing one other $261.59 million go away on 20 November. The whole internet influx pulled again once more, this time to $12.56 billion.
Five of the 9 funds recorded outflows, and none noticed inflows. BlackRock leads with -$122.6 million, adopted by Fidelity’s -$90.55 million.
Meanwhile, Tokyo-listed Metaplanet has approved a $135 million perpetual most popular share providing to fund BTC acquisitions.
The Class B shares, branded “MERCURY” for Metaplanet Convertible for Return & Yield, mix quarterly fastened dividends with fairness upside by conversion rights into widespread inventory.
Quick FAQ
- Why did crypto transfer with shares in the present day?
The crypto market has seen a big lower over the previous day, and the inventory market closed decrease on Thursday as properly. By the closing time on 20 November, the S&P 500 was down by 1.56%, the Nasdaq-100 decreased by 2.38%, and the Dow Jones Industrial Average fell by 0.84%. Per the most recent information from the US, regardless of the roles added in September, the unemployment fee jumped to 4.4%, stunning many. It’s now unsure whether or not the Federal Reserve will reduce its rate of interest in December.
- Is this drop sustainable?
Pessimism has overtaken the market, and the bearish sentiment guidelines in the meanwhile. Additional decreases are attainable. Participants nonetheless await additional alerts in the marketplace course short- and mid-term.
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