November 20, 2025: The cryptocurrency market faced a dramatic downturn as Bitcoin plunged nearly 30% from its October peak, erasing more than $1 trillion in value across digital assets.
The selloff rattled investors worldwide, highlighting the volatility and fragility of the sector.
Bitcoin falls from $126,000 to $88,522
Bitcoin, the world’s largest cryptocurrency, dropped from its record high of $126,000 in October 2025 to as low as $88,522 in New York trading.
By November 20, it was hovering around $92,000–$92,800, according to Binance data. This marks its lowest level in seven months and wipes out all gains made earlier in the year.
Market-wide losses exceed $1 trillion
The crash extended across major tokens. Ether fell 6.4% to $2,923, while Solana dropped 6.1% to $132. Combined, the digital asset market lost more than $1 trillion in value, intensifying concerns about liquidity and investor sentiment.
$BTC tapped the $89,000 level again and is now bouncing back.
The crucial level to reclaim is $94,000 and if that happens, Bitcoin could rally towards $98,000-$100,000. pic.twitter.com/Zz9lBWR3Cl
— Ted (@TedPillows) November 20, 2025
Analysts cite ETF outflows and high interest rates
Experts attribute the downturn to heavy outflows from Bitcoin ETFs, elevated U.S. interest rates, and cascading liquidations.
“The decline seems more sentiment-driven than structural,” said Vikas Gupta, Country Manager at ByBit India, noting that investors are shifting away from volatile assets.
Other Crypto that dropped
| Cryptocurrency | Price (approx) | % Drop | Notes |
|---|---|---|---|
| Bitcoin (BTC) | $88,522 | ~30% | Lowest in 7 months |
| Ethereum (ETH) | $2,923 | -6.4% | Heavy ETF outflows |
| Solana (SOL) | $132 | -6.1% | Thin liquidity |
| Ripple (XRP) | $0.55 | -5% | Struggled at resistance |
| Binance Coin (BNB) | $250 | -4% | Selling pressure |
| Dogecoin (DOGE) | $0.08 | -3% | Speculative flows dried |
| Cardano (ADA) | $0.42 | -4% | Weakness in PoS tokens |
Ethereum also slipped 6.4% to around $2,923, while Solana fell 6.1% to $132. Other major tokens, such as Ripple, Binance Coin, and Cardano, registered losses between 3 and 5%, amplifying the overall $1 trillion wipeout across the digital asset market.
Psychological thresholds ahead
Market watchers warn that the next critical support levels lie near $85,000 and $80,000.
If breached, Bitcoin could revisit its 2025 trough of $77,420. Traders are closely monitoring funding rates, stablecoin flows, and spot market depth for signs of stabilization.
