Current Cryptocurrency News for Sunday, November 23, 2025: Bitcoin Hits Multi-Month Low, Ethereum and Altcoins Decline, Capital Outflows, Top 10 Popular Cryptocurrencies
By the morning of November 23, 2025, the cryptocurrency market continues to face pressure following a recent sell-off. Bitcoin's price has fallen to approximately $82,000, marking its lowest levels since April of this year. The total market capitalization of cryptocurrencies has shrunk to about $3 trillion amid a global correction and investor flight from riskier assets. Following Bitcoin's lead, major altcoins, notably Ethereum, have sharply depreciated: all digital assets in the top 10 have fallen into the "red zone." Investors, including institutional ones, are withdrawing capital from crypto products amid deteriorating sentiment, unfavorable macroeconomic signals, and tightening financial conditions. November could turn out to be the worst month for the cryptocurrency market in the past 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" dipped to around $81,500, more than 34% below its recent all-time high. Recall that just on October 6, Bitcoin reached a record above $126,000, but since then has entered a prolonged correction. In November, BTC has lost approximately 23% of its value, marking the most significant monthly decline since June 2022. Bitcoin's market capitalization is currently estimated at around $1.6 trillion, representing about 55% of the total cryptocurrency market capitalization.
The rapid decline in Bitcoin's value is influenced by a broader sell-off of risk assets. Investors are concerned that valuations of technology companies are overheated and are increasingly doubtful about a swift easing of monetary policy in the United States. The U.S. Federal Reserve has signaled its intention to maintain elevated interest rates until inflation decreases, dampening risk appetite. Amidst 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 gains from the beginning of the year and is now trading approximately 8% below the start of 2025.
Ethereum Falls Below $3,000
Following Bitcoin's lead, Ethereum (ETH) has shown a strong downward trend. The price of the second-largest cryptocurrency fell below the psychologically significant $3,000 mark for the first time in several months. At one point, Ethereum dropped to around $2,700, losing over 27% so far this month. For comparison, at the beginning of November, Ethereum was trading above $4,000, approaching its all-time high of $4,890 set in 2021. The current decline has reverted ETH to levels not seen since late spring 2025. Ethereum's market capitalization now stands at about $330 billion (around 11% of the market), reflecting a weaker share of altcoins.
Institutional interest in Ethereum, which surged during the summer on expectations of a spot ETF launch, has recently declined. Investment products focused on Ethereum have reported outflows for eight consecutive days. Over the past 24 hours, around $260 million was withdrawn from ETH-based funds—a sign that large investors are reducing positions in the second most significant crypto asset. Nevertheless, Ethereum maintains its key role in the market due to its smart contract platform, and many participants are confident that interest in ETH will rebound after the situation stabilizes.
Altcoins Under Pressure
The broader altcoin market is experiencing significant drawdowns, mirroring the performance of the leading cryptocurrencies. All major digital currencies in the top 10 by market capitalization are trading in the negative territory compared to last week. In recent days, some of the top gainers from the past months have pulled back from their recent highs: for instance, Solana (SOL) has fallen approximately 10%, trading around $130 (although at the beginning of November, SOL exceeded $200, reaching multi-year highs). XRP, which recently surged above $3 following Ripple's legal victory over the SEC, is now holding around $2.00—its rally shifted to a correction, but favorable regulatory clarity helps XRP remain among 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 wide application in the Binance ecosystem. Significant downturns have also affected other major projects: for example, Cardano (ADA), which saw rapid growth during the summer on ETF launch rumors, has retreated back below $0.50. Overall, none of the major altcoins have escaped selling pressure as investors are cutting back on positions across the spectrum of risk assets.
Institutional Outflows Hit Records
One of the key trends of late has been the reversal of institutional capital flows. In 2024, the first spot exchange-traded funds (ETFs) for Bitcoin and Ethereum were launched in the U.S., providing large investors with convenient access to cryptocurrencies. However, these funds are now experiencing mass withdrawals. On November 20 alone, the total net outflow from all U.S. Bitcoin ETFs reached around $903 million—making it the second worst daily figure since the launch of such products (the record low was recorded in February when over $1 billion was withdrawn from BTC ETFs in a single day). Large asset managers and hedge funds are exhibiting growing caution: taking profits and reducing cryptocurrency allocations in their portfolios amid market turbulence.
The outflows are affecting not only Bitcoin. As noted, funds based on Ethereum continue to see a decrease in asset volumes, reflecting waning interest in altcoins among institutional investors. Simultaneously, some localized positive signals are emerging: for example, last week, Bitwise launched the first spot ETF for XRP in the U.S., which attracted around $118 million in just a few days. Small inflows were also seen in funds based on Solana (approximately $23 million total). This indicates that, despite overall capital outflows, some investors still have an interest in specific digital assets with promising growth drivers. In general, however, institutional capital is currently adopting a wait-and-see approach until macroeconomic conditions clarify.
Market Sentiment and Volatility
The extensive price declines have 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 data from Alternative.me, the index is currently around 18 out of 100. In comparison, a month ago, the index was above 70 points ("greed"), indicating euphoria. The sharp shift in sentiment reflects panic selling: investors are eager to reduce risk and shift funds into more reliable assets. Experts warn that under such sentiment, heightened volatility may continue until the market finds a point of equilibrium.
Statistics on margin position liquidations confirm the market's nervousness. Over the past 24 hours, the total volume of forced liquidations on cryptocurrency exchanges exceeded $950 million. The lion's share of this amount—around $836 million—was attributed to long positions that were closed due to insufficient collateral. According to Coinglass, hundreds of thousands of traders worldwide have been impacted in a single day. The mass "resetting" of those who overestimated the market has only exacerbated the scale of the decline, triggering a chain reaction. However, analysts note that such waves of liquidation historically cleanse the market of excessive optimism and lay the groundwork for subsequent recovery.
Forecasts and Expectations
In the current circumstances, market observers hold diverging views regarding future prospects. A number of experts maintain a cautious outlook, suggesting that Bitcoin could continue to face pressure until the end of the year. Analysts at XWIN Research warn that if the Federal Reserve of the United States refrains from lowering the key rate in December, BTC's price risk falling to as low as approximately $60,000. The likelihood of such a scenario has increased significantly: data from CME FedWatch indicates that market expectations of policy easing by the Fed in December have dropped to around 35% (down from nearly 98% a month ago). This shift was influenced by strong macroeconomic data from the U.S.—for instance, in September, the American economy unexpectedly created 119,000 new jobs (with unemployment rising to 4.4%), which reduced the chances for a swift transition to economic stimulus by the Fed.
On the other hand, many market participants remain optimistic. Noted investor Tom Lee from Fundstrat recently expressed the view that the current downturn is temporary and does not negate the long-term "bullish" trend. Several forecasts from major financial firms made prior to the decline also remain quite high: for instance, early in November, analysts at Standard Chartered raised their price targets for Bitcoin to $200,000 and for Ethereum to around $7,500 by the end of 2025. Although realizing such ambitious targets on a tight timeline will now be more challenging, a market surge cannot be ruled out if macro conditions improve. If inflation continues to decelerate and the Fed hints at a readiness to lower rates in 2026, risk appetite may return. In that case, Bitcoin could recover above $100,000, while Ethereum could stabilize in the range of $4,000–$5,000 by the first half of 2026.
Overall, despite the current downturn, the fundamental factors of the cryptocurrency market remain relatively robust. This current correction is viewed by many professional investors as a “healthy cooling” after this year's rapid rally. If institutional interest continues and external conditions improve, most analysts expect that the cryptocurrency market will resume its growth in the latter half of the cycle. Nevertheless, in the short term, market participants are advised to exercise caution and manage risks carefully, considering heightened uncertainty.
Top 10 Most Popular Cryptocurrencies
- Bitcoin (BTC) – the first and largest cryptocurrency. BTC is trading around $83,000 after pulling back from its all-time highs; market capitalization is approximately $1.6 trillion (about 55% of the total market).
- Ethereum (ETH) – leading altcoin and smart contract platform. The price of ETH is currently about $2,750, significantly below the peak values of the fall; capitalization is around $330 billion (≈11% of the market).
- Tether (USDT) – the largest stablecoin pegged to the U.S. dollar at 1:1. USDT is widely used for trading and transactions; current capitalization is around $150 billion. The coin's price remains stable at approximately $1.00.
- Ripple (XRP) – the token of the Ripple payment network for cross-border transactions. XRP is trading around $2.00; market capitalization is approximately $115 billion. Investors reacted positively to regulatory clarity regarding XRP in the U.S. over the summer, supporting growth, although 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. The current price of BNB is around $825, having retreated from recent highs; market capitalization is approximately $80 billion. Despite regulatory pressure on Binance, the token remains in the top five due to its widespread use across platforms 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 a project ecosystem on its platform and the launch of new investment products related to this asset.
- USD Coin (USDC) – the second-largest stablecoin, backed by dollar reserves (issued by Circle). The price of USDC remains around $1.00, with capitalization of about $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 capitalization ~ $26 billion. TRON retains its position among the top 10 largely due to its network being used 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 around $0.14 (market capitalization ~ $20 billion), supported by a loyal community and periodic social media hype. Despite high volatility, Dogecoin continues to maintain 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 capitalization ~ $14 billion) after a significant pullback from recent highs. Cardano attracts attention with plans to launch an ETF on its token and an active community that believes in the long-term success of the project, although its short-term dynamics reflect overall market trends.
Cryptocurrency Market on the Morning of November 23, 2025
Prices of Major Cryptocurrencies:
- Bitcoin (BTC): $83,000
- Ethereum (ETH): $2,750
- XRP (XRP): $1.95
- BNB (BNB): $825
- Solana (SOL): $130
- Tether (USDT): ₽79.10
Market Metrics:
- Total cryptocurrency market capitalization: ~$2.95 trillion
- Bitcoin's share: 56%
- Fear and Greed Index: 18 (extreme fear)
Leaders of Change in the Last 24 Hours:
- Gainer: Numeraire (NMR)— +19%
- Decliner: Zcash (ZEC) — -12%
Analysis: Following the sharp decline, Bitcoin and Ethereum prices are attempting to stabilize near current levels, but market sentiment remains extremely cautious. The "fear" index holds at minimum values, reflecting uncertainty and panic among investors. The local price movement of NMR indicates selective speculative spikes in interest, while the double-digit decline of ZEC demonstrates a continued exit from risk positions across various altcoins. Overall, the market is waiting for external signals: without an improvement in the macroeconomic backdrop, participants prefer to maintain caution, limiting activity and reallocating capital into safer instruments.
