The cryptocurrency market continues to show a downward trend, accompanied by significant fluctuations in leading digital assets. On the night of November 18, 2025, the price of Bitcoin briefly fell to $89,253, while Ethereum dropped to $2,946, according to TradingView data. Experts cite the worsening macroeconomic backdrop as the primary reason for this decline.
This is reported by Finway
Bitcoin and Ethereum Dynamics: Key Indicators
After reaching its lowest values, the price of Bitcoin managed to recover above the $90,000 mark. However, over the past day, the price drop exceeded 2%, and over the week, it was nearly 15%. This is the first instance since April 2025 that Bitcoin has fallen below $90,000. At that time, the significant correction was linked to the tariff policy of U.S. President Donald Trump.
Ethereum also exhibited significant volatility, dropping to $2,946, but later returned above $3,000. However, the asset has not yet stabilized at this level. Over the past day, Ethereum’s decline was 0.6%, and over the week, it exceeded 15%.
Impact on Other Crypto Assets and Investor Sentiment
The decline of Bitcoin and Ethereum has triggered a wave of correction among other cryptocurrencies. In particular, altcoins experienced declines ranging from 1% to over 6%. According to CryptoRank, the top 10 crypto assets also demonstrated negative dynamics.
The daily liquidation volume exceeded $1 billion, with long positions predominating, as most traders anticipated a quick market recovery. The Fear and Greed Index, according to CoinStats, reached a level of 15 points, indicating panic among market participants.
“Experts believe that this downturn is driven by the deterioration of the macroeconomic backdrop. This was specifically noted in a comment to Bloomberg by Shilyan Tan, managing partner at Monarq Asset Management.”
According to Shilyan Tan, the likelihood of a monetary policy easing by the U.S. Federal Reserve in December 2025 has decreased to 50%. Moreover, Bitcoin has lost key support at the $100,000 level, prompting investors to shift to less risky instruments – bonds and gold. This has exerted additional pressure on the cryptocurrency market and led to active sell-offs.
Analysts note that after the massive sell-off in early October 2025, the market has failed to find a stable footing for a full recovery. The negative trend persists, and high liquidation volumes remain a characteristic feature of the current situation.