Crypto market recap: Bitcoin plunges to $89.5K
Bitcoin fell to $89,513, extending a sharp weekly decline of nearly 15% as the total crypto market cap dropped to $3.07T.
The Fear & Greed Index plunged to 15 (extreme fear), reflecting the fastest sentiment deterioration since early-year corrections. Despite the selloff, blockchain data shows that large-scale holders increased their balances, absorbing supply released by smaller wallets. Analysts note that this behavior often appears during capitulation phases, when retail investors panic-sell into institutional demand. Trading volume surged above $112B, signaling high market stress but also rising conviction among buyers with longer time horizons.
Ethereum and major altcoins deepen losses as retail investors exit risk
Ethereum retreated to $2,985, down more than 6% in 24 hours and 16% on the week, as altcoins broadly mirrored Bitcoin’s weakness. XRP, Solana, and Cardano recorded some of the steepest corrections, dropping between 13% and 21% over seven days. Analysts warned that nearly 41% of XRP’s circulating supply is now at a loss, indicating heightened fragility among holders.
The Average Crypto RSI at 39.46 signals oversold conditions across several major assets, but sentiment remains too weak for a sustained rebound. Low confidence among smaller investors has accelerated the rotation into stablecoins, as evidenced by consistent inflows into USDC and USDT.
Analysts see signs of a potential market bottom forming
Despite the turmoil, several market strategists argue that Bitcoin may be entering an early bottoming zone, historically associated with strong long-term buying opportunities. The accumulation trend among whales supports this thesis, as larger holders tend to position ahead of market reversals rather than during late-stage recoveries.
While regulatory uncertainty remains elevated — demonstrated by the absence of digital assets from the SEC’s newly previewed 2026 examination priorities — institutional appetite has not diminished. Market observers caution that volatility may persist, but oversold technical readings and growing deep-pocket accumulation could offer a foundation for stabilization in the weeks ahead.
Recently we wrote that token unlocks typically trigger sell-offs, and in a stagnant market they can create additional downward pressure on prices. According to Tokenomist, from November 17 to 24, unlocks worth $297 million are expected. Some of them will certainly lead to volatility and impact the value of crypto assets.
Latest Crypto News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
