Current Cryptocurrency News for Sunday, November 23, 2025: Bitcoin Hits Multi-Month Low, Capital Outflows from Ethereum and Altcoins, 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 fallen to approximately $82,000, reaching 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 risky assets. Following Bitcoin, major altcoins, led by Ethereum, have also sharply declined, with all digital assets in the top 10 entering the "red zone." Investors, including institutional ones, are pulling capital from crypto products amid deteriorating sentiment, unfavorable macroeconomic signals, and tightening financial conditions. November could 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" reached approximately $81,500, which is more than 34% below its recent historical peak. Just on October 6, Bitcoin set a record, exceeding $126,000; however, a prolonged correction has been ongoing since then. In November, BTC has lost around 23% of its value—its steepest monthly decline since June 2022. The current market capitalization of Bitcoin is estimated at about $1.6 trillion, representing approximately 55% of the total cryptocurrency market capitalization.
The rapid decline in BTC's price is influenced by a broad sell-off of risky assets. Investors are worried that valuations of tech companies are overheated and are increasingly discounting a quick easing of monetary policy in the U.S. The U.S. Federal Reserve has signaled that it will maintain elevated interest rates until inflation decreases, which has cooled risk appetite. Against this backdrop, many Bitcoin holders are realizing profits, and the influx of new buyers has decreased. Consequently, the leading cryptocurrency has effectively lost all the growth it had seen since the beginning of the year and is currently trading about 8% lower than 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 has dropped below the psychologically important level of $3,000 for the first time in 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 nearing its historical high ($4,890 established in 2021). The current drop has reverted ETH to levels seen in late spring 2025. Ethereum's market capitalization is now around $330 billion (about 11% of the market), reflecting a weakening of altcoin dominance.
Institutional interest in Ether, which notably surged during the summer in anticipation of a spot ETF launch, has now waned. Investment products focused on Ethereum have recorded capital outflows for eight consecutive days. In the last 24 hours, approximately $260 million was withdrawn from ETH-based funds—a sign that large investors are reducing their positions in the second most significant crypto asset. Nevertheless, Ethereum retains a crucial role in the market due to its smart contract platform, and many participants believe that interest in ETH will recover after the situation stabilizes.
Altcoins Under Pressure
The broader altcoin market is experiencing a significant downturn alongside the leaders. All major digital currencies in the top 10 by capitalization are trading negatively compared to last week. In recent days, some of the growth leaders of the past months have retreated from their recent peaks: for instance, Solana (SOL) has declined by approximately 10%, dropping to about $130 (although it was above $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 currently holding around $2.00—after a rally that has shifted to a correction; however, favorable regulatory clarity is helping XRP remain among the market leaders. Binance Coin (BNB) has fallen below $900 (current price about $825), although this asset still ranks in the top five due to its wide application in the Binance ecosystem. Significant declines have also affected other major projects: for example, Cardano (ADA), which grew rapidly over the summer on ETF launch rumors, has retreated below $0.50. Overall, no major altcoin has escaped selling—investors are reducing positions across the board.
Institutional Outflows Hit Records
One of the key trends of recent times has been the reversal of institutional capital flows. In 2024, the first spot exchange-traded funds for Bitcoin and Ether were launched in the U.S., which provided large investors convenient access to cryptocurrencies. However, these funds are now experiencing mass drawdowns. On November 20 alone, the total net outflow from all U.S. Bitcoin ETFs reached nearly $903 million—this is the second worst daily figure since the launch of such products (the record for outflows was set in February when over $1 billion was withdrawn from BTC ETFs in a single day). Major asset managers and hedge funds are showing growing caution: they are realizing profits and reducing their share of cryptocurrencies in their portfolios amid market turbulence.
The outflows are not limited to Bitcoin. As noted, Ethereum-based funds continue to decrease in asset volume, reflecting a waning interest in altcoins among institutional investors. At the same time, isolated positive signals are emerging: for example, last week Bitwise launched the first spot ETF for XRP in the U.S., attracting approximately $118 million within days. Small inflows were also noted for funds based on Solana (totaling about $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 maintaining a wait-and-see approach until the macroeconomic situation clarifies.
Market Sentiments and Volatility
The extensive price drop 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 currently stands at 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 assets into safer investments. Experts warn that such sentiments could lead to continued high volatility—until the market finds a point of equilibrium.
Statistics on the liquidation of margin positions confirm the nervousness in the market. Over the past day, the total volume of forced liquidations on cryptocurrency exchanges exceeded $950 million. The lion's share of this sum—around $836 million—was attributed to long positions (longs) held by traders, which were closed due to a lack of collateral. According to Coinglass, hundreds of thousands of traders worldwide have been affected in a single day. This mass "reset" of over-optimistic longs only exacerbated the scale of the decline, triggering a chain reaction. Nevertheless, 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 conditions, market analysts hold divergent views regarding future prospects. Some experts maintain a cautious outlook, believing that Bitcoin may remain under pressure until the end of the year. Analysts at XWIN Research warn: if the U.S. Federal Reserve backs away from cutting key interest rates in December, the BTC price could fall to around $60,000. The likelihood of this scenario has significantly increased: according to CME FedWatch, market expectations for a December policy easing by the Fed have dropped to about 35% (compared to nearly 98% a month ago). This shift was influenced by robust 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%), reducing the chances of a quick transition by the Fed to stimulating the economy.
On the other hand, many market participants remain optimistic. Noted investor Tom Lee from Fundstrat recently commented that the current decline is temporary and does not cancel out the long-term bullish trend. A number of forecasts from major financial firms made before the downturn also remain quite high: for example, in early November, analysts at Standard Chartered raised their target prices for Bitcoin to $200,000 and for Ethereum to approximately $7,500 by the end of 2025. While achieving such ambitious targets in a short time frame is now more challenging, a market rebound is not excluded if macro conditions improve. If inflation continues to slow down and the Fed hints at a willingness to cut rates in 2026, risk appetite may return. In such a scenario, Bitcoin could recover above $100,000, while Ethereum may stabilize around $4,000–5,000 in 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" after the rapid rally earlier this year. With continued interest from institutions and improving external conditions, most analysts believe 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 Popular Cryptocurrencies
- Bitcoin (BTC) – the first and largest cryptocurrency. BTC is trading around $83,000 after retreating from historical highs; market capitalization is about $1.6 trillion (around 55% of the market).
- Ethereum (ETH) – the leading altcoin and smart contract platform. The price of ETH is now approximately $2,750, significantly lower than autumn peak values; 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 settlements; current capitalization 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 payments. XRP is trading around $2.00; market capitalization is approximately $115 billion. Investors positively assessed the legal clarity of XRP's status in the U.S. during the summer, supporting 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 price of BNB is around $825, retreating from recent highs; market capitalization is about $80 billion. Despite regulatory pressure on Binance, the token remains in the top 5 due to its wide application 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 declined after the November rally. Interest in Solana is supported by the development of an ecosystem for projects based on it and the launch of new investment products (including funds and ETFs) tied 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 a capitalization of about $65 billion. USDC is widely used by institutional investors and DeFi protocols due to the high transparency and reliability of its reserves.
- TRON (TRX) – a blockchain platform for smart contracts and multimedia dApps, popular in Asia. TRX is holding around $0.28; market value ~ $26 billion. TRON maintains its position in the top ten largely due to its use 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 (market cap ~ $20 billion), supported by a devoted community and periodic hype on social media. Despite high volatility, Dogecoin continues to remain in the top 10, demonstrating remarkable investor interest resilience.
- Cardano (ADA) – a blockchain platform evolving with a scientific approach. ADA is valued at approximately $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 believing in the long-term success of the project, although its short-term dynamics reflect overall market trends.
The Cryptocurrency Market as of the Morning of November 23, 2025
Key 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 market capitalization of cryptocurrencies: ~$2.95 trillion
- Bitcoin's share: 56%
- Fear and Greed Index: 18 (extreme fear)
24-hour Leaders in Price Change:
- Gainers: Numeraire (NMR) — +19%
- Decliners: Zcash (ZEC) — -12%
Analysis: After a significant decline, Bitcoin and Ethereum prices are attempting to stabilize at current levels; however, market sentiment remains extremely cautious. The "fear" index holds at minimal levels, reflecting uncertainty and panic among investors. The local price increase in NMR indicates selective speculative surges in interest, while the double-digit drop in ZEC's price demonstrates continued exit from risky positions across various altcoins. Overall, the market is awaiting external signals: without an improvement in the macroeconomic background, participants prefer to maintain caution, limiting activity and reallocating capital to safer instruments.
