Current Cryptocurrency News for Sunday, 23 November 2025: Bitcoin at Multi-Month Low, Ethereum and Altcoins Decline, Capital Outflows, Top 10 Popular Cryptocurrencies
As of the morning of 23 November 2025, the cryptocurrency market remains under pressure following a recent sell-off. The price of Bitcoin has dropped to approximately $82,000, reaching its lowest levels since April of this year. The total market capitalisation of the cryptocurrency sector has fallen to around $3 trillion amidst a global correction and a flight of investors from risky assets. Following Bitcoin, major altcoins led by Ethereum have also sharply declined: all digital assets in the top 10 have entered the "red zone." Investors—including institutional ones—are withdrawing capital from cryptocurrency products amid deteriorating sentiment, adverse macroeconomic signals, and tightening financial conditions. November may become the worst month for the cryptocurrency market in the past three years.
Bitcoin Hits Multi-Month Low
This week, Bitcoin (BTC) experienced a sharp decline, dipping below the $85,000 mark for the first time in seven months. At its lowest point, the price of "digital gold" fell to approximately $81,500, which is more than 34% lower than its recent historical peak. Recall that on 6 October, Bitcoin reached a record high exceeding $126,000, but since then, a prolonged correction has set in. In November, BTC has lost about 23% of its value—the most significant monthly decline since June 2022. Bitcoin's market capitalisation is currently estimated at around $1.6 trillion, representing approximately 55% of the total cryptocurrency market capitalisation.
The rapid decline in BTC's value is occurring against the backdrop of a broad sell-off in risk assets. Investors are concerned that valuations of technology companies are overheated and are increasingly pessimistic about a quick easing of monetary policy in the US. The Federal Reserve has signalled its intent to maintain elevated interest rates until inflation decreases, which has dampened risk appetite. Consequently, many Bitcoin holders are locking in profits, while new buyer inflows have diminished. As a result, the leading cryptocurrency has effectively shed all its gains from the beginning of the year and is currently trading about 8% below its level at the start of 2025.
Ethereum Falls Below $3,000
Following Bitcoin, Ethereum (ETH) has also demonstrated a significant decline. The price of the second-largest cryptocurrency by market capitalisation has fallen below the psychologically important threshold of $3,000 for the first time in months. At its lowest point, Ether decreased to approximately $2,700, losing over 27% this month. For comparison, at the beginning of November, Ethereum was trading above $4,000 and approaching its historical maximum ($4,890, reached in 2021). The current decline has reverted ETH to levels seen in late spring 2025. Ethereum's market capitalisation now stands at around $330 billion (approximately 11% of the market), reflecting the weakened share of altcoins.
Institutional interest in Ether, which saw a noticeable increase over the summer in anticipation of the launch of a spot ETF, has now waned. Investment products focused on Ethereum have recorded outflows for eight consecutive days. Over the past 24 hours, approximately $260 million has been withdrawn from ETH-based funds—indicative of large investors reducing their positions in the second most significant crypto asset. Nevertheless, Ethereum retains a key role in the market due to its smart contract platform, and many participants believe that interest in ETH will recover after stabilisation.
Altcoins Under Pressure
The broader altcoin market is experiencing considerable downturns alongside the leaders. All major digital currencies in the top 10 by capitalisation are trading in negative territory compared to last week. In recent days, some of the growth leaders from the past months have retreated from recent highs: for instance, Solana (SOL) has declined by approximately 10%, dropping to around $130 (although it surpassed $200 at the beginning of November, reaching multi-year highs). The XRP token, which recently rose above $3 following Ripple's legal victory over the SEC, is now holding steady around $2.00—after its rally transitioned into correction. However, favourable regulatory clarity helps XRP remain among the market leaders. Binance Coin (BNB) has fallen below $900 (the current price is about $825), although this asset still ranks among the top five due to its wide applicability within the Binance ecosystem. Significant declines have also affected other major projects: for example, Cardano (ADA), which rose sharply over the summer on ETF launch rumours, has retreated below $0.50. Overall, no major altcoin has been spared from sell-offs, as investors are reducing positions across the board in 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 ETFs for Bitcoin and Ethereum were launched in the US, providing large investors with convenient access to cryptocurrencies. However, these funds are currently experiencing significant outflows. On 20 November alone, the total net outflow from all American Bitcoin ETFs reached approximately $903 million—making it the second worst daily figure since the launch of such products (the record is from February when over $1 billion was withdrawn from BTC ETFs in one day). Large asset managers and hedge funds are exhibiting increased caution: locking in profits and reducing cryptocurrency holdings in their portfolios amid market turbulence.
Capital outflows are affecting not only Bitcoin. As noted, Ethereum-based funds continue to see reductions in assets, reflecting weakened institutional interest in altcoins. However, specific positive signals are emerging: for instance, last week Bitwise launched the first US spot ETF on XRP, and in just a few days, the product attracted around $118 million. Small inflows were also seen in funds focused on Solana (a total of about $23 million). This suggests that, despite the overall capital outflow, a portion of investors remains interested in specific digital assets with promising growth drivers. Overall, institutional capital is currently adopting a wait-and-see approach until the macroeconomic situation becomes clearer.
Market Sentiment and Volatility
The significant price drop has been accompanied by a surge in short-term volatility in the crypto market. The cryptocurrency Fear and Greed Index has fallen into the "extreme fear" zone—according to Alternative.me, the indicator is hovering around 18 out of 100. In comparison, a month ago, the index was above 70 ("greed"), indicating euphoria. The sharp change in sentiment reflects panic-driven sell-offs: investors are eager to reduce risk and shift funds to safer assets. Experts warn that such sentiment may lead to continued heightened volatility—until the market finds a new equilibrium.
Statistics on forced liquidations confirm the nervousness in the market. Over the past 24 hours, the total volume of forced liquidations on cryptocurrency exchanges exceeded $950 million. Furthermore, the lion's share of this amount—approximately $836 million—was due to long positions (longs) that were closed due to a lack of collateral. According to Coinglass, in a single day, hundreds of thousands of traders worldwide have been affected. The mass "clearing" of over-leveraged longs has only exacerbated the extent of the fall, triggering a cascading reaction. However, analysts note that such waves of liquidation historically clear the market of excessive optimism and lay the groundwork for subsequent recovery.
Forecasts and Expectations
Given the current circumstances, market observers hold divergent views on future prospects. A number of 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 US Federal Reserve opts against reducing the key rate in December, the BTC price could plummet to around $60,000. The probability of such a scenario has risen significantly: according to data from CME FedWatch, market expectations regarding a December policy easing by the Fed have fallen to about 35% (down from nearly 98% a month ago). This shift has been influenced by strong macroeconomic data from the US—specifically, in September, the American economy unexpectedly added 119,000 new jobs (while the unemployment rate rose to 4.4%), reducing the chances of a rapid shift towards economic stimulus by the Fed.
On the other hand, many market participants remain optimistic. Noted investor Tom Lee from Fundstrat has recently commented that the current downturn is temporary and does not negate the long-term "bullish" trend. Several forecasts made by major financial firms before the drop also remain quite high: for instance, in early November, analysts at Standard Chartered raised their target estimates for Bitcoin to $200,000, and for Ethereum to around $7,500 by the end of 2025. Although achieving such ambitious goals in the short term will now be more challenging, a market surge is not out of the question should macro conditions improve. If inflation continues to slow down, and the Fed hints at a willingness to reduce rates in 2026, risk appetite may return. In this scenario, Bitcoin could recover above $100,000, with Ethereum stabilising in the $4,000–5,000 range by the first half of 2026.
Overall, despite the current decline, the fundamental factors of the cryptocurrency market remain relatively strong. The ongoing correction is viewed by many professional investors as a "healthy cooling" following the rapid rally of this year. If institutional interest persists and external conditions improve, most analysts expect the crypto market to resume growth in the latter half of the cycle. Nonetheless, in the short term, market participants are advised to exercise caution and manage risks diligently, given the heightened uncertainty.
Top 10 Most Popular Cryptocurrencies
- Bitcoin (BTC) – the first and largest cryptocurrency. BTC is trading around $83,000 after a retreat from historical highs; market capitalisation is approximately $1.6 trillion (about 55% of the total market).
- Ethereum (ETH) – the leading altcoin and platform for smart contracts. The current price of ETH is about $2,750, significantly lower than the autumn peak; capitalisation is around $330 billion (≈11% of the market).
- Tether (USDT) – the largest stablecoin pegged to the US dollar 1:1. USDT is widely used for trading and settlements; current capitalisation is around $150 billion. The coin's price is stable at approximately $1.00 (≈₽79.0).
- Ripple (XRP) – the token of the Ripple payment network for cross-border settlements. XRP is trading around $2.00; market capitalisation is approximately $115 billion. Over the summer, investors positively assessed the legal clarity of XRP's status in the US, which supported growth, but the overall market decline has since 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 value of BNB is currently about $825, having retreated from recent highs; capitalisation is around $80 billion. Despite regulatory pressure concerning Binance, the token remains in the top five due to its extensive use across the platform and in DeFi sectors.
- Solana (SOL) – a high-performance blockchain platform for decentralised applications. SOL is trading around $130 per coin (capitalisation ~ $65 billion), having decreased after the November rally. Interest in Solana remains supported by the ecosystem of projects based on it and the launch of new investment products (including funds and ETFs) related to this asset.
- USD Coin (USDC) – the second largest stablecoin, backed by dollar reserves (issued by Circle). The price of USDC is maintained at $1.00, with capitalisation around $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 around $0.28; market value is ~ $26 billion. TRON retains its position in the top ten primarily 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 around $0.14 (capitalisation ~ $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 ten, demonstrating remarkable resilience to investor interest.
- Cardano (ADA) – a blockchain platform developing with a focus on a scientific approach. ADA is valued at approximately $0.40 (capitalisation ~ $14 billion) after a significant retreat from recent highs. Cardano attracts attention due to plans to launch an ETF on its token and an active community believing in the project's long-term success, although its short-term dynamics reflect overall market trends.
Cryptocurrency Market on the Morning of 23 November 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 capitalisation: ~$2.95 trillion
- Bitcoin's share: 56%
- Fear and Greed Index: 18 (extreme fear)
Top Performers of the Day:
- Gainer: Numeraire (NMR) — +19%
- Decliner: Zcash (ZEC) — -12%
Analysis: Following the sharp drop, Bitcoin and Ethereum prices are attempting to stabilise near current levels; however, sentiment in the market remains extremely cautious. The "fear" index holds at minimal levels, reflecting uncertainty and panic among investors. The local increase in the price of NMR indicates selective speculative surges in interest, while the double-digit decline in the price of ZEC demonstrates the ongoing exit from risk positions across several altcoins. Overall, the market awaits external signals: without an improvement in the macroeconomic backdrop, participants prefer to maintain caution, limiting activity and reallocating capital into safer instruments.
