The cryptocurrency market faced heavy selling pressure as investors shifted away from speculative assets amid concerns over high-tech stock valuations and fading hopes of near-term U.S. Federal Reserve rate cuts.
Bitcoin (BTC) plunged 8.45% to $83,984, briefly touching a seven-month low of $85,350.75 in Asian trading.
Ethereum (ETH) dropped 9.09% to $2,746, its weakest level in four months.
Solana (SOL) fell 10.25% to $127, extending weekly losses across altcoins.
Analysts said the downturn reflects a broader risk-off sentiment in global markets. “Bitcoin is experiencing its second-biggest ETF outflows since launch, which is adding to the selling pressure,” one market strategist noted.
The Crypto Fear & Greed Index plunged to 17 (extreme fear), underscoring panic among retail and institutional investors. November 2025 has already been described as “historic for all the wrong reasons” for Bitcoin, which earlier this year traded above $100,000 before sliding back under $90,000.
The sell-off comes as investors reassess expectations of monetary easing by the Fed, with rising doubts about whether rate cuts will materialize in early 2026. This has prompted a shift toward safer assets such as U.S. Treasuries, gold, and the dollar index, leaving cryptocurrencies exposed to volatility.
Despite the slump, some analysts argue that the correction could pave the way for healthier consolidation in the long run, though short-term sentiment remains fragile.
