The market is bearish, with a decline in total market capitalization by approximately $1.2 trillion over the past six weeks.
Major Cryptos:
Bitcoin (BTC): Trading around $84,300 - $84,800, but had briefly dropped to multi-month lows around $80,000 - $81,000. It's down significantly from its peak above $120,000 in October.
Ethereum (ETH): Has also dropped to multi-month lows, trading around $BTC
Key Factors Driving the Sell-off
Macroeconomic Concerns: Fading expectations for a near-term US Federal Reserve rate cut are pushing investors away from speculative assets like crypto, as higher interest rates typically make riskier investments less appealing.
Tech Sector Jitters: The crypto market is moving in tandem with a global sell-off in technology stocks, particularly amid fears of a potential bubble in AI valuations.
Fragile Sentiment: A major one-day crash and subsequent liquidations in the previous month have left investor sentiment "fragile" and "bearish," with the Fear & Greed Index indicating "Extreme Fear" (around 15).
Institutional Outflows: Data from Bitcoin ETFs suggests weakening institutional interest and capital outflows, contributing to sustained selling pressure.
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22 Nov 2025
The market is bearish, with a decline in total market capitalization by approximately $1.2 trillion over the past six weeks.
Major Cryptos:
Bitcoin (BTC): Trading around $84,300 - $84,800, but had briefly dropped to multi-month lows around $80,000 - $81,000. It's down significantly from its peak above $120,000 in October.
Ethereum (ETH): Has also dropped to multi-month lows, trading around $BTC
Key Factors Driving the Sell-off
Macroeconomic Concerns: Fading expectations for a near-term US Federal Reserve rate cut are pushing investors away from speculative assets like crypto, as higher interest rates typically make riskier investments less appealing.
Tech Sector Jitters: The crypto market is moving in tandem with a global sell-off in technology stocks, particularly amid fears of a potential bubble in AI valuations.
Fragile Sentiment: A major one-day crash and subsequent liquidations in the previous month have left investor sentiment "fragile" and "bearish," with the Fear & Greed Index indicating "Extreme Fear" (around 15).
Institutional Outflows: Data from Bitcoin ETFs suggests weakening institutional interest and capital outflows, contributing to sustained selling pressure.