Weekly Crypto Update: Markets Slide as Bitcoin Dips Below $90K

The week of November 17 to 23, 2025, was another volatile chapter in crypto’s ongoing correction. The total market capitalization tumbled from around $3.27 trillion to nearly $2.9 trillion, erasing more than $350 billion in value. This 11–12% weekly decline came amid heavy outflows, geopolitical anxiety, and growing “risk-off” sentiment. Over $2.2 billion in leveraged positions were liquidated on November 21 alone, reflecting extreme volatility across majors. The Crypto Fear & Greed Index stayed in “extreme fear” territory between 10 and 15, mirroring widespread capitulation from both retail and institutional players. Let us dive into the key market moves in this weekly crypto update.

Weekly Crypto Update : Top Gainers (7d) 📈

$TNSR (+274%) – Exploded after Coinbase acquired Vector, fueling strong institutional inflows.
$PARTI (+161%) – Jumped on successful integrations and ecosystem growth.
$BEAT (+131%) – Broke out technically after weeks of sideways action.
$FOLKS (+44%) – Sustained steady growth as launch momentum continued.
$GRASS (+43%) – Climbed after community token holder call sparked renewed engagement.

Weekly Crypto Update : Top Losers (7d) 📉

$SOON (–38%) – Fell sharply amid broad market weakness.
$AIA (–32%) – Continued its multi-week correction after massive prior gains.
$STRK (–28%) – Dropped on cooling staking demand and low inflows.
$COAI (–27%) – Weighed down by general market outflows.
$FIRO (–24%) – Slipped as privacy token momentum faded short-term.

Bitcoin and Ethereum Lead the Decline

Bitcoin (BTC) dominated headlines this week, continuing its downward spiral. From $95,508 at the start of the week, BTC broke key support at $95,000 and plunged below $90,000 by November 20, eventually testing the $84,000–$86,000 zone before rebounding slightly to $84,258.

That’s a 12–15% weekly loss, and BTC’s market cap shrank from $1.86 trillion to $1.68 trillion. Technicals show momentum firmly bearish: RSI dropped below 30, signaling oversold territory, while the 50-day moving average at $106,000 remains a tough resistance ceiling.

Ethereum (ETH) mirrored the trend. Starting near $3,177, ETH fell to $2,784 on November 21, down about 13% for the week. By November 23, it was consolidating near $2,820, struggling to hold the 20-day EMA. ETH’s market cap slid to $331 billion, and volumes fell almost 19% in a single day.

DeFi on Ethereum showed resilience with steady TVL, but price action was dominated by macro outflows. Against BTC, ETH’s ratio weakened again, continuing a multi-month downtrend since August.

Altcoins and Broader Market Pressure

Altcoins amplified the pain. Solana (SOL) dropped 13% to around $138, Cardano (ADA) fell 16% to $0.46, and XRP hovered near $2.19. The Altcoin Season Index remained suppressed, showing that BTC still dictates broader market sentiment.

Stablecoins now make up over 90% of total trading volume, reflecting flight to safety. $95 billion worth of stablecoin trades on November 23 highlighted traders seeking protection from further losses.

Macro and Market Sentiment

The sharp sell-off extended beyond crypto. U.S. equities fell as tech and AI sectors corrected after months of overvaluation. The Nasdaq’s 2.5% decline correlated directly with BTC’s breakdown, as risk assets moved in lockstep.

ETF outflows added pressure. November 21 saw the largest single-day redemptions in months, with institutional funds trimming exposure amid tightening liquidity.

Despite this, on-chain data still suggests accumulation at lower levels. The LTH (long-term holder) base remains strong, and oversold conditions historically align with cyclical bottoms.

Weekly Crypto Update : Key Takeaways

• Total crypto market cap dropped ~$350B, now near $2.9T.
• BTC fell 12–15%, hitting lows of $84K–$86K before stabilizing.
• ETH mirrored the move, falling to $2,784.
• Over $2.2B in positions liquidated on Nov 21.
• Fear & Greed Index stayed at 10–15 (Extreme Fear).
• Stablecoin volumes surged to 90% of total market trades.
• Altcoins dropped 10–20% across the board, led by SOL and ADA.
• Analysts now eye $80K BTC as potential capitulation before relief.

Outlook: Fear Still Rules, But Relief Could Follow

This week cemented November as one of 2025’s most turbulent months. With BTC closing below multiple moving averages and altcoins under pressure, sentiment is deeply bearish—but that’s often when reversals begin forming.

Oversold RSI readings and extreme fear conditions point to potential short-term relief rallies. Historically, similar setups have preceded 30–40% rebounds over 4–6 weeks.

Macro conditions remain the key wildcard. If the Federal Reserve signals easing in December and ETF flows stabilize, the market could stage a pre-year-end recovery. For now, caution dominates, but longer-term conviction remains intact.