Current Cryptocurrency News for Sunday, November 23, 2025: Bitcoin at Multi-Month Low, Decline of Ethereum and Altcoins, Capital Outflows, Top 10 Popular Cryptocurrencies
As of the morning of November 23, 2025, the cryptocurrency market remains under pressure following a recent sell-off. The price of Bitcoin has dropped to approximately $82,000, hitting its lowest levels since April of this year. The overall market capitalization of the cryptocurrency market has shrunk to around $3 trillion amid a global correction and a flight of investors from risky assets. Following Bitcoin, the largest altcoins, led by Ethereum, have also sharply decreased in value: all digital assets in the top 10 are in the "red zone." Investors, including institutional ones, are pulling out capital from crypto products against the backdrop of deteriorating sentiment, unfavorable macroeconomic signals, and tightening financial conditions. November may become the worst month for the cryptocurrency market in the last three years.
Bitcoin at Multi-Month Low
This week, Bitcoin (BTC) experienced a sharp decline, falling below the $85,000 mark for the first time in seven months. At one point, the price of "digital gold" reached around $81,500, which is more than 34% below its recent all-time high. It’s important to note that just on October 6, Bitcoin set a record, exceeding $126,000, but since then, a prolonged correction has commenced. In November, BTC has lost about 23% in value—its strongest monthly decline since June 2022. Bitcoin's market capitalization is currently estimated at around $1.6 trillion, accounting for approximately 55% of the overall cryptocurrency market capitalization.
The rapid decrease in BTC's value is occurring amidst a broad sell-off of risky assets. Investors are concerned that valuations of technology companies are overheated and are increasingly less optimistic about an imminent easing of monetary policy in the United States. The Federal Reserve signaled a continuation of elevated interest rates until inflation decreases, which has dampened the appetite for risk. As a result, many Bitcoin holders are locking in profits, and the influx of new buyers has decreased. Consequently, the leading cryptocurrency has essentially lost all of its gains from the beginning of the year and is now trading about 8% below its level at the start of 2025.
Ethereum Falls Below $3,000
Following Bitcoin, Ethereum (ETH) also showed a significant decline. The price of the second-largest cryptocurrency fell below the psychologically important mark of $3,000 for the first time in recent months. At one point, Ethereum dropped to approximately $2,700, losing more than 27% for the current month. For comparison, just at the beginning of November, Ethereum was trading above $4,000 and nearing its all-time high ($4,890 set in 2021). The current decline has returned ETH to the levels of late spring 2025. Ethereum's market capitalization now stands at around $330 billion (approximately 11% of the market), reflecting a weakening share of altcoins.
Institutional interest in Ethereum, which significantly increased in the summer on expectations of a spot ETF launch, is now declining. Investment products focused on Ethereum have seen outflows for eight consecutive days. Over the past 24 hours, approximately $260 million has been withdrawn from ETH-based funds—a sign that large investors are reducing their positions in this second-largest cryptocurrency. Nevertheless, Ethereum maintains a key role in the market thanks to its smart contract platform, and many participants believe that after stabilization, interest in ETH will rebound.
Altcoins Under Pressure
The wider altcoin market is experiencing significant setbacks alongside the leaders. All major digital currencies in the top 10 by market capitalization are trading in the negative compared to last week. In recent days, some of the growth leaders from the past months have fallen back from their recent peaks: Solana (SOL), for example, has decreased by approximately 10%, trading around $130 (although it exceeded $200 at the beginning of November, reaching multi-year highs). The XRP token, which recently rose above $3 due to Ripple's legal victory over the SEC, is currently hovering around $2.00—a rally has been replaced by a correction, but favorable regulatory clarity helps XRP remain among the market leaders. Binance Coin (BNB) has dropped below $900 (current price around $825), although this asset still ranks among the top five due to its extensive utility in the Binance ecosystem. Significant declines have also affected other large projects: for instance, Cardano (ADA), which surged in the summer amid ETF launch rumors, has retreated below $0.50. Overall, no major altcoin has escaped selling—investors are reducing positions across the entire spectrum of risky assets.
Institutional Outflows Reach Record Levels
One of the key trends of late has been the reversal of institutional capital flows. In 2024, the first spot exchange-traded funds for Bitcoin and Ethereum were launched in the U.S., providing large investors convenient access to cryptocurrencies. However, these funds are currently experiencing massive outflows. Just on November 20, the total net outflow from all U.S. Bitcoin ETFs reached approximately $903 million—this is the second worst daily figure since the launch of such products (the record for outflows occurred in February when over $1 billion was withdrawn from BTC ETFs in one day). Large asset managers and hedge funds are showing growing caution: locking in profits and reducing their crypto allocations amid market turbulence.
The capital outflows are affecting not only Bitcoin. As noted, funds based on Ethereum continue to decrease in assets, reflecting weakening interest in altcoins from institutions. At the same time, some positive signals are emerging: last week, Bitwise launched the first spot ETF for XRP in the U.S., and within a few days, the product attracted about $118 million. Small inflows were also noted in funds for Solana (a total of approximately $23 million). This indicates that despite the overall capital outflow, some investors remain interested in specific digital assets with promising growth drivers. Overall, however, institutional capital is currently taking a wait-and-see approach until the macroeconomic situation becomes clearer.
Market Sentiment and Volatility
The massive price declines have been accompanied by a spike in short-term volatility in the cryptocurrency market. The Fear and Greed Index for cryptocurrencies has dropped into the "extreme fear" zone—according to Alternative.me, the indicator is currently around 18 out of 100. In comparison, a month ago, the index exceeded 70 points ("greed"), indicating euphoria. The sharp shift in sentiment reflects panic-selling: investors are eager to reduce risk and move funds into more secure assets. Experts warn that with such sentiment, elevated volatility may continue until the market finds an equilibrium point.
Statistics on margin position liquidations confirm market nervousness. Over the past 24 hours, the total volume of forced liquidations on crypto exchanges exceeded $950 million. Notably, the lion's share of this amount—approximately $836 million—was related to long positions that were closed due to lack of collateral. According to Coinglass, hundreds of thousands of traders worldwide were affected in one day. The mass "reset" of over-leveraged long positions only exacerbated the scale of the decline, triggering a chain reaction. Nevertheless, analysts note that such liquidation waves historically clean the market of excess optimism and lay a foundation for subsequent recovery.
Forecasts and Expectations
In the current environment, market observers hold divergent views on future prospects. Several experts maintain a cautious outlook, believing that Bitcoin may remain under pressure until the end of the year. Analysts at XWIN Research warn that if the U.S. Federal Reserve refuses to lower the key rate in December, the BTC price risks dropping to around $60,000. The probability of such a scenario has notably increased: according to CME FedWatch, market expectations for a December easing of Fed policy have fallen to approximately 35% (down from nearly 98% a month earlier). This shift was influenced by strong macroeconomic data from the U.S.—for example, in September, the American economy unexpectedly created 119,000 new jobs (with unemployment rising to 4.4%), which reduced the likelihood of a rapid shift by the Fed to stimulate the economy.
On the other hand, many market participants remain optimistic. Notable investor Tom Lee from Fundstrat recently commented that current declines are temporary and do not negate the long-term bullish trend. A number of forecasts from major financial companies made prior to the decline also remain quite high: for example, in early November, analysts at Standard Chartered raised their price targets for Bitcoin to $200,000, and for Ethereum to approximately $7,500 by the end of 2025. Although achieving such ambitious targets in the short term will now be more challenging, in the event of an improved macroeconomic backdrop, a market surge cannot be ruled out. If inflation continues to slow down and the Fed at least hints at a willingness to lower rates in 2026, the appetite for risk may return. In this case, Bitcoin could recover above $100,000, while Ethereum could stabilize in the $4,000–5,000 range in the first half of 2026.
Overall, despite the current downturn, the fundamental factors of the cryptocurrency market remain relatively strong. The current correction is seen by many professional investors as a "healthy cooling" after this year's rapid rally. If institutional interest persists and external conditions improve, most analysts expect that the cryptocurrency market will resume growth in the latter half of the cycle. However, in the short term, market participants are advised to exercise caution and manage risks carefully, given the increased uncertainty.
Top 10 Most Popular Cryptocurrencies
- Bitcoin (BTC) – the first and largest cryptocurrency. BTC is trading around $83,000 after retreating from all-time highs; market capitalization is about $1.6 trillion (approximately 55% of the total market).
- Ethereum (ETH) – the leading altcoin and smart contract platform. The current price of ETH is around $2,750, significantly lower than the peak values of autumn; capitalization is about $330 billion (≈11% of the market).
- Tether (USDT) – the largest stablecoin pegged to the U.S. dollar 1:1. USDT is widely used for trading and settlements; current capitalization is around $150 billion. The coin’s price is stable at ~$1.00 (≈₽79.0).
- Ripple (XRP) – the payment token of the Ripple network for cross-border settlements. XRP is trading around $2.00; market capitalization is about $115 billion. Over the summer, investors positively assessed the regulatory clarity of XRP's status in the U.S., which supported growth, but the overall market decline has corrected the token's price.
- Binance Coin (BNB) – the coin of the largest cryptocurrency exchange Binance and the native token of the BNB Chain. The current value of BNB is about $825, having retreated from recent highs; capitalization is approximately $80 billion. Despite regulatory pressure on Binance, the token remains in the top five due to its widespread use on the platform and in DeFi sectors.
- Solana (SOL) – a high-performance blockchain platform for decentralized applications. SOL is trading around $130 per coin (market cap ~ $65 billion), having decreased after the November rally. Interest in Solana is driven by the development of its project ecosystem and the launch of new investment products (including funds and ETFs) based on this asset.
- USD Coin (USDC) – the second largest stablecoin, backed by dollar reserves (issued by Circle). The USDC price is maintained at around $1.00, with a capitalization of approximately $65 billion. USDC is widely used by institutional investors and DeFi protocols due to its high transparency and reliability of reserves.
- TRON (TRX) – a blockchain platform for smart contracts and multimedia dApps, popular in Asia. TRX is holding around $0.28; market valuation ~ $26 billion. TRON maintains a place in the top 10 largely due to its use for issuing stablecoins (a significant portion of USDT circulates on the TRON blockchain).
- Dogecoin (DOGE) – the most famous meme cryptocurrency, originally created as a joke. DOGE is trading around $0.14 (market cap ~ $20 billion), supported by a loyal community and periodic hype on social media. Despite high volatility, Dogecoin continues to hold its place in the top 10, demonstrating remarkable resilience in investor interest.
- Cardano (ADA) – a blockchain platform that develops with a focus on a scientific approach. ADA is valued at about $0.40 (market cap ~ $14 billion) after a significant pullback from recent highs. Cardano attracts attention with plans to launch an ETF for its token and an active community that believes in the long-term success of the project, although in the short term, its dynamics reflect overall market trends.
The Cryptocurrency Market on the Morning of November 23, 2025
Major Cryptocurrency Prices:
- Bitcoin (BTC): $83,000
- Ethereum (ETH): $2,750
- XRP (XRP): $1.95
- BNB (BNB): $825
- Solana (SOL): $130
- Tether (USDT): ₽79.10
Market Indicators:
- Total Cryptocurrency Market Capitalization: ~$2.95 trillion
- Bitcoin Share: 56%
- Fear and Greed Index: 18 (extreme fear)
Leaders in Change for the Day:
- Gainer: Numeraire (NMR) — +19%
- Decline: Zcash (ZEC) — -12%
Analysis: Following a collapse, Bitcoin and Ethereum prices are trying to stabilize around current levels, but market sentiment remains extremely cautious. The "fear" index is at minimal values, reflecting uncertainty and panic among investors. The localized price growth of NMR indicates selective speculative spikes in interest, while the double-digit drop in ZEC prices demonstrates a continued exit from risky positions across a number of altcoins. Overall, the market awaits external signals: without improvement in the macroeconomic backdrop, participants prefer to exercise caution, limiting activity and reallocating capital into safer instruments.
