Кризис на рынке криптовалют: биткоин и Ethereum продолжают падение, инвесторы в панике Headline: Crisis in the cryptocurrency market: Bitcoin and Ethereum continue to fall, investors in panic

Ethereum’s price has fallen to $2700.

In the past 24 hours, the leading cryptocurrency has decreased by over 7%, briefly dipping to approximately ~$82,000. This marks its lowest point since April.

Ethereum’s prices dropped by 8.1% to $2700.

All of the top 10 cryptocurrencies by market capitalization found themselves in the «red zone.» The most significant losses were recorded by Solana (-8.7% in 24 hours) and XRP (-7.9%).

Liquidations topped $955 million, with the majority affecting long positions at $836 million.

November 2025 may turn out to be one of the worst months for digital gold, as the asset has depreciated by 21.6% since the start of the month. Similar trends are visible in Ethereum, which has experienced a decline of over 27% during the same period.

The popular market sentiment indicator remains in the «extreme fear» zone, pointing to uncertainty and panic among investors.

Amid another significant correction, spot Bitcoin ETFs have lost $903 million, marking the second-worst performance since the tool’s launch in 2024. The first record low was noted in February when outflows exceeded $1 billion.

On November 19, exchange-traded funds backed by the primary cryptocurrency attracted $75 million, halting a five-day trend of negative momentum.

Ethereum-focused products have seen outflows for the eighth consecutive day, losing $261 million in the last 24 hours.

XRP ETFs from Canary and Bitwise attracted $118 million, while Solana funds reported inflows totaling $23 million.

Vincent Liu, Chief Investment Officer at Kronos Research, noted that the correction is related to stronger-than-expected employment data in the U.S. for September, which was supposed to be published earlier in October but was delayed due to a government shutdown.

The U.S. added 119,000 new jobs, the largest increase since December, but the unemployment rate rose to 4.4%, attributed to an increase in labor market supply.

According to the expert, the report diminished expectations for interest rate cuts by the Federal Reserve in December. The Fed will have to make decisions based on outdated data, as October and November statistics were not included.

*“Liquidity remains low, and the realization of short-term profits worsens market movements. The market is reassessing risks in response to macroeconomic data,” added Liu in his comments.*

Investors gauge the chances of a softening of the regulator’s policies at 35.4%. In contrast, this figure stood at 98% at the beginning of the month.

If the Federal Reserve decides against lowering the key interest rate, digital gold risks dropping to $60,000, according to analysts from XWIN Research.

However, LVRG’s research director, Nick Rook, stated that the decline in the crypto market represents a «healthy reevaluation of excessively leveraged positions» that formed during the previous rally.

*“Blockchain data shows a stabilization of selling pressure in the spot and futures markets, indicating that the capitulation phase is nearly complete,” he remarked.*

The decline in the Nasdaq Composite index, which includes large tech companies, has been another negative factor for the market. Despite a strong quarterly report from Nvidia, the index fell by 4%, prompting capital outflows from risk assets.

Investors are concerned about the rapid increase in expenses in the artificial intelligence sector. Recently, several commentators have pointed to signs of overheating in this segment. Billionaire Ray Dalio noted in a CNBC interview that while the market is not on the brink of collapse, it is already «in bubble territory.»

According to analysts at JPMorgan, the correction is largely driven by sales from retail investors utilizing spot Bitcoin and Ethereum ETFs.

*“While the market’s decline in October was a result of aggressive deleveraging by crypto traders through perpetual contracts, this process has concluded in November. The further downturn has been driven by traditional investors, mainly retail ones, using spot exchange-traded funds to enter the crypto market,” stated Nikos Panigertoglou.*

Experienced trader Peter Brandt asserted that Bitcoin would not reach $200,000 by the end of the year, indicating that such a milestone would require at least four more years to achieve.

*“The next Bitcoin bull market should elevate the price to $200,000. This will likely occur around the third quarter of 2029,” he wrote.*

The trader also described the current correction as beneficial for the market:

*“This sell-off is the best thing that could have happened to Bitcoin.”*

Brandt’s forecast contrasts with the expectations of many prominent advocates of digital gold. For instance, BitMEX co-founder Arthur Hayes and BitMine CEO Tom Lee anticipate that Bitcoin will breach the $200,000 mark by the end of 2025.

Additionally, specialists at Glassnode have indicated a level that confirms the bear market phase.

Earlier, they stated that bulls need to quickly bring the price of the primary cryptocurrency back to a level where 75% of coins are profitable, as this has historically halted trend reversals.