Current Cryptocurrency News for Sunday, November 23, 2025: Bitcoin Hits Multi-Month Low, Ethereum and Altcoins Decline, 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. Bitcoin's price has plummeted to approximately $82,000, marking its lowest levels since April of this year. The total market capitalization has decreased to about $3 trillion amid a global correction and investors fleeing from risk assets. Alongside Bitcoin, major altcoins led by Ethereum have experienced a sharp decline: all digital assets in the top 10 are in the 'red zone'. Investors, including institutions, are withdrawing capital from cryptocurrency products amidst deteriorating sentiment, unfavorable macroeconomic signals, and tightening financial conditions. November may become the worst month for the cryptocurrency market in the past three years.
Bitcoin at Multi-Month Low
This week, Bitcoin (BTC) has seen a sharp decline, falling below $85,000 for the first time in seven months. At its lowest point, the price of "digital gold" reached around $81,500, more than 34% below its recent all-time high. Recall that on October 6, Bitcoin reached a record high exceeding $126,000, but since then, a prolonged correction has ensued. In November, BTC has lost about 23% of its value – the most significant monthly decline since June 2022. Bitcoin's market capitalization is now estimated at approximately $1.6 trillion, accounting for about 55% of the total cryptocurrency market capitalization.
The rapid decline in BTC's value is influenced by a broader sell-off of risk assets. Investors fear that valuations of tech companies are overheated and are increasingly doubtful about the quick easing of monetary policy in the U.S. The Federal Reserve has signaled the continuation of high interest rates until inflation decreases, which has dampened risk appetite. Against this backdrop, many Bitcoin holders are locking in profits, and the influx of new buyers has diminished. As a result, the leading cryptocurrency has effectively lost all its gains since the beginning of the year and is now trading approximately 8% below the level at the start of 2025.
Ethereum Falls Below $3,000
Following Bitcoin's lead, Ethereum (ETH) also showcased a notable decline. The price of the second-largest cryptocurrency has dropped below the psychologically significant level of $3,000 for the first time in recent months. At one point, Ethereum dipped to around $2,700, losing over 27% this month. For comparison, at the beginning of November, Ethereum was trading above $4,000 and approaching its all-time high ($4,890 set in 2021). This current decline has reverted ETH to levels seen in late spring 2025. Ethereum's market capitalization is currently around $330 billion (approximately 11% of the market), reflecting the weakening share of altcoins.
Institutional interest in Ethereum, which significantly increased during the summer due to expectations for the launch of a spot ETF, has now waned. Investment products focused on Ethereum have recorded capital outflows for eight consecutive days. In the last 24 hours, around $260 million has been withdrawn from ETH-based funds, indicating that major investors are reducing their positions in the second most significant crypto asset. Nevertheless, Ethereum maintains a key role in the market due to its smart contracts platform, and many participants believe that after a stabilization period, interest in ETH will rebound.
Altcoins Under Pressure
The broader altcoin market is experiencing significant declines alongside the flagships. All major digital currencies in the top 10 by market capitalization are trading lower compared to last week. In recent days, some of the growth leaders from the past few months have retreated from their recent highs: for example, Solana (SOL) has decreased by approximately 10%, trading at around $130 (although SOL exceeded $200 at the beginning of November, reaching multi-year highs). The XRP token, which recently surged above $3 following Ripple's legal victory over the SEC, is now hovering around $2.00 – the rally has switched to a correction, but favorable regulatory clarity helps XRP remain among market leaders. Binance Coin (BNB) has fallen below $900 (currently around $825), although this asset is still within the top five due to its broad application within the Binance ecosystem. Significant declines have also affected other major projects: for instance, Cardano (ADA), which rose sharply last summer on rumors of an ETF launch, has fallen back below $0.50. Overall, no major altcoin has escaped the sell-off as investors decrease positions across a spectrum of risk assets.
Institutional Outflows Hit Record Levels
One of the key trends of late has been the reversal of institutional capital flows. In 2024, the first Bitcoin and Ethereum spot ETFs were launched in the U.S., offering major investors easy access to cryptocurrencies. However, these funds are now experiencing massive capital withdrawals. On November 20 alone, the total net outflow from all American Bitcoin ETFs reached approximately $903 million – the second worst daily figure since the launch of such products (the all-time low was recorded in February, when over $1 billion was withdrawn from BTC ETFs in a single day). Major asset managers and hedge funds are demonstrating increased caution: locking in profits and reducing their cryptocurrency allocations amidst market turbulence.
The outflows are not limited to Bitcoin. As noted, Ethereum-based funds continue to decrease in asset volume, reflecting diminished interest in altcoins from institutions. At the same time, there are some positive signals: last week, Bitwise launched the first spot ETF on XRP in the U.S., attracting about $118 million within a few days. Small inflows were also noted for Solana funds (totaling approximately $23 million). This indicates that despite the overall capital outflow, some investors remain interested in specific digital assets with promising growth drivers. Overall, institutional capital is currently taking a wait-and-see approach until the macroeconomic situation becomes clearer.
Market Sentiment and Volatility
The extensive drop in prices has been accompanied by a surge in short-term volatility in the cryptocurrency market. The Fear and Greed Index for cryptocurrencies has fallen into the 'extreme fear' zone – according to Alternative.me, the index stands at around 18 out of 100. In comparison, a month ago, the index exceeded 70 points ('greed'), indicating euphoria. The sharp change in sentiment reflects panic selling: investors are eager to reduce risks and move funds into safer assets. Experts warn that such sentiments may lead to continued heightened volatility – until the market finds a point of equilibrium.
Statistics on the liquidation of margin positions confirm the nervousness in the market. Over the last 24 hours, the total volume of forced liquidations on cryptocurrency exchanges exceeded $950 million. The lion's share of this amount – around $836 million – related to long position liquidations of traders who were closed due to insufficient collateral. According to Coinglass, the day saw hundreds of thousands of trader accounts impacted worldwide. This mass 'reset' of over-leveraged long positions has only worsened the scale of the decline, triggering a chain reaction. Nevertheless, analysts note that such waves of liquidation historically cleanse the market of excess optimism and lay the groundwork for subsequent recovery.
Forecasts and Expectations
Under the current conditions, market observers hold divergent views regarding future prospects. Several experts maintain a cautious outlook, believing that Bitcoin may remain under pressure until the end of the year. Analysts from XWIN Research warn that if the U.S. Federal Reserve chooses not to lower the key interest rate in December, BTC's price could drop to around $60,000. The likelihood of such a scenario has increased significantly: according to CME FedWatch, market expectations for a December easing of Fed policy have dropped to approximately 35% (down from nearly 98% a month ago). This shift has been influenced by strong macroeconomic data from the U.S. – for instance, in September, the U.S. economy unexpectedly created 119,000 new jobs (with unemployment rising to 4.4%), lowering the chances of a swift Fed transition to stimulative economic measures.
On the other hand, many market participants remain optimistic. Well-known investor Tom Lee from Fundstrat recently expressed the view that the current decline is temporary and does not negate the long-term 'bullish' trend. Various forecasts from prominent financial firms made before the downturn also remain quite high: for example, in early November, analysts from Standard Chartered raised their price targets for Bitcoin to $200,000 and for Ethereum to around $7,500 by the end of 2025. Although achieving such ambitious goals in the near term will now be more challenging, market surges cannot be ruled out if the macro context improves. If inflation continues to slow and the Fed hints at a willingness to lower rates in 2026, risk appetite could return. In such a case, Bitcoin could recover above $100,000, while Ethereum could settle in the range of $4,000–5,000 by the first half of 2026.
Overall, despite the current downturn, fundamental factors in the cryptocurrency market remain relatively strong. The current correction is viewed by many professional investors as a 'healthy cooling' following this year’s rapid rally. If institutional interest persists and external conditions improve, most analysts expect the cryptocurrency market to resume growth in the second half of the cycle. However, in the short term, market participants are advised to exercise caution and meticulously manage risks in light of the increased uncertainty.
Top 10 Most Popular Cryptocurrencies
- Bitcoin (BTC) – the first and largest cryptocurrency. BTC is trading around $83,000 after a pullback from historic highs; market capitalization is approximately $1.6 trillion (about 55% of the total market).
- Ethereum (ETH) – the leading altcoin and smart contract platform. The current price of ETH is about $2,750, significantly lower than the peak values of autumn; capitalization is around $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 rate is stable at ~$1.00 (≈₽79.0).
- Ripple (XRP) – the token of the Ripple payment network for cross-border settlements. XRP is trading around $2.00; market capitalization is approximately $115 billion. Over the summer, investors positively assessed the legal clarity of XRP's status in the U.S., supporting growth, but the overall market decline has adjusted the token's price.
- Binance Coin (BNB) – the coin of the largest cryptocurrency exchange, Binance, and the native token of the BNB Chain. BNB is currently priced around $825, having retreated from recent highs; capitalization is approximately $80 billion. Despite regulatory pressure concerning Binance, the token remains in the top five due to extensive use within the platform and DeFi sectors.
- Solana (SOL) – a high-performance blockchain platform for decentralized applications. SOL is trading around $130 per coin (capitalization ~ $65 billion), having declined after the November rally. Interest in Solana is supported by the development of projects within its 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). USDC is maintained at approximately $1.00, with a capitalization of around $65 billion. USDC is widely used by institutional investors and DeFi protocols due to high transparency and reliability of reserves.
- TRON (TRX) – a blockchain platform for smart contracts and multimedia dApps, popular in Asia. TRX is holding at around $0.28; market value ~ $26 billion. TRON retains its position in the top ten largely due to its use of this network for issuing stablecoins (a significant portion of USDT circulates on the Tron blockchain).
- Dogecoin (DOGE) – the most well-known meme cryptocurrency, originally created as a joke. DOGE is trading at around $0.14 (capitalization ~ $20 billion), supported by a dedicated community and periodic hype on social media. Despite high volatility, Dogecoin continues to remain in the top ten, demonstrating remarkable investor interest.
- Cardano (ADA) – a blockchain platform evolving with a focus on a scientific approach. ADA is valued at approximately $0.40 (capitalization ~ $14 billion) after a significant pullback from recent highs. Cardano attracts attention due to plans for launching an ETF on its token and an active community believing in the long-term success of the project, though in the short term, its dynamics reflect overall market trends.
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's market share: 56%
- Fear and Greed Index: 18 (extreme fear)
Daily leaders in change:
- Increase: Numeraire (NMR) — +19%
- Decrease: Zcash (ZEC) — -12%
Analysis: After the steep drop, Bitcoin and Ethereum prices are attempting to stabilize around current levels; however, market sentiment remains exceedingly cautious. The 'fear' index is holding at minimal values, reflecting uncertainty and panic among investors. The local price increase of NMR indicates selective speculative surges in interest, while the double-digit drop in ZEC shows continued exits from risk positions across several altcoins. Overall, the market is awaiting external signals: without improving macroeconomic conditions, participants prefer to maintain caution, limiting activity and reallocating capital into safer instruments.
