The digital asset market has experienced a sharp correction, with Bitcoin's price dropping 6.29% over the past 24 hours to trade near $100,000, extending its weekly losses past 11%.
Key Market Indicators
- Market Cap & Volume: Bitcoin's market capitalization fell just below the $2 trillion mark, while high volatility drove the daily trading volume up to nearly $97 billion.
- Broad Sell-off: The total crypto market capitalization saw a significant decline of 6.86% to $3.29 trillion, indicating a market-wide downturn.
- Fear & Sentiment: Investor confidence has rapidly deteriorated, pushing the Fear & Greed Index down to 27 ("Fear" zone).
Technical and Altcoin Performance
Technical analysis suggests the market may be oversold, with the average crypto Relative Strength Index (RSI) at 32.53, potentially indicating a short-term rebound opportunity. However, volatility is expected to continue if Bitcoin cannot quickly reclaim the key $100,000 psychological level.
- Bitcoin Dominance: Altcoins are currently underperforming Bitcoin, with the Altcoin Season Index at 25/100. This suggests traders are moving away from speculative risk and prioritizing Bitcoin.
- Triggers: The sell-off is attributed to a combination of profit-taking, liquidation cascades, and general macroeconomic uncertainty.
Analysts are divided on the immediate future; some warn that lower support levels near $95,000 could be tested, while others view the correction as a natural cooling period following months of rapid gains.
November 2025, Cryptoniteuae