On the night of November 18, 2025, the cryptocurrency market experienced another wave of correction, leading to a significant drop in prices for key digital assets. The price of Bitcoin briefly fell to $89,253, while Ethereum traded at $2,946, according to TradingView data. Liquidation volumes exceeded $1 billion in a single day, resulting from the predominance of long positions among traders who were anticipating a market recovery.
This is reported by Business • Media
Bitcoin and Ethereum Price Dynamics: Key Factors Behind the Decline
At the time of preparing this material, Bitcoin had partially recovered, returning above the $90,000 mark. However, over the day, its price decreased by more than 2%, and nearly 15% over the week. For the first time in the last seven months, since April 2025, Bitcoin fell below $90,000. This decline was also associated with a deep correction due to changes in the tariff policy of U.S. President Donald Trump.
Ethereum, although it returned to a level above $3,000, has not yet stabilized at this mark. The drop for this cryptocurrency was 0.6% over the day and more than 15% over the week.
Altcoin Crash and Market Sentiment
The correction also affected other crypto assets: altcoins fell in price by an average of 1–6% and more, indicating a massive sell-off in the sector.
The Fear and Greed Index, according to CoinStats, dropped to 15 points, indicating the dominance of pessimistic sentiments and a predominance of sell decisions among traders. The mass liquidation of positions exceeding $1 billion was caused by unrealistic expectations for a quick market recovery.
“Experts believe that this drop is dictated by a worsening macroeconomic backdrop. In particular, this was noted in a comment to Bloomberg by Shilyan Tan, managing partner of Monarq Asset Management.”
He emphasized that the probability of a softening of the monetary policy of the U.S. Federal Reserve in December 2025 has decreased to 50%. Additionally, Bitcoin lost a key support level at $100,000, prompting investors to shift capital into bonds and gold, while risk assets remain under pressure.
Overall, the cryptocurrency market has been unable to find stable support for growth following the massive sell-off that occurred in early October. The negative trend remains relevant, and recovery is currently delayed.