Crypto Market Pulse — November 2025

The crypto market saw a sharp move in the past 24 hours as broader risk-off sentiment resurfaced. Global market cap shifted dramatically (falling into bearish territory), driven by higher volatility and liquidity outflows across sectors.

24h at a Glance

• Total Market Cap: ~$3.3T (24h Δ ~-6.4% to +3.2% range)
• BTC Dominance: ~58% (Δ +0.3%)
• ETH Dominance: ~12% (Δ -0.8%)
• Spot Volume (24h): ~$100–200B
• Market Breadth (Top 100): ~10 advancers vs ~90 decliners

Figures vary by data provider (different timing/methodologies), so ranges are shown where sources disagree.

Why the Market Moved

• Macro/flows: A risk-off shift in traditional markets (rising Treasury yields and a pullback in stocks) spilled into crypto. Notably, reports of crypto ETF outflows and reduced liquidity fueled broad selling across the board.
• Crypto catalysts: Recent hype around AI/branding tokens and new L2 projects unwound as traders took profits. Narrative-driven segments cooled after prior rallies, contributing to weakness in once-hot sectors.
• Idiosyncratic events: Ongoing regulatory uncertainty and isolated incidents (rumors of delistings or security concerns) kept sentiment fragile. Headlines of tighter oversight in some jurisdictions added to the cautious tone.
• Technical factors: The sell-off intensified with elevated volume and stop-liquidations, suggesting capitulation among leveraged positions. Broad one-sided selling pushed many coins toward key support levels.

Sectors & Movers

• Bitcoin — The market bellwether held better than smaller altcoins. Its dominance ticked up as traders sought perceived safety; however, BTC still fell noticeably amid the broader drop.
• Ethereum & L2s — Ether and layer-2 ecosystems saw heavy declines. Anticipation around upcoming upgrades (or reduced gas fees) did not prevent ETH from sliding with altcoins, while many L2 tokens also pulled back sharply.
• Memecoins/AI tokens — Highly speculative tokens retraced after recent spikes. Drama-driven assets like popular meme/AI-themed coins underperformed, reflecting risk-off tendencies.
• DeFi & RWA — DeFi tokens and real-world-asset projects lagged as well; demand waned following a period of high yields. Any recent upgrade or integration news failed to counteract the selling pressure.
• Large-Cap Movers (≥ $5B): Bitcoin, Ethereum, BNB — All major coins fell double-digit on the selloff (e.g. BTC and ETH down ~5-7%, BNB down similarly), leading the market decline.
• Mid-Cap Movers (≥ $500M): Polygon, Avalanche, Chainlink — Performance diverged. Polygon (MATIC) held up relative to peers on strong network activity, Avalanche saw sharp losses in line with alt volatility, and Chainlink eased off amid cooling crypto usage.

What It Means

• Opportunity: The pullback may present selective buying chances. Oversold large-cap coins or standout projects could bounce if macro pressures ease, offering dip-entry opportunities for high-risk portfolios.
• Risk: Markets are currently risk-off; if macro headwinds (like Fed tightening or geopolitical tensions) persist, prices could slide further. High volatility warns that stop-losses or caution are prudent if losses accelerate.
• Timing/Regime: Risk-Off – Broad declines and heavy volume indicate a defensive phase. Until selling pressure abates and breadth improves, expect choppy price action and limited upside in the near term.

Invest or Wait?

Crypto is volatile. This overview is informational only. Always do your own research and consider your risk tolerance.

Bottom Line

The crypto market has entered a risk-off phase, with broad selling pressure driving prices down sharply. In the near term, expect caution – any rally will likely hinge on improvements in macro conditions. Investors should stay alert for stabilization signals before making big commitments.