Crypto Market Sheds $280 Billion as Bitcoin Dips Below $100K

2025-11-16 05:45

The global cryptocurrency market experienced a significant downturn, losing $280 billion in the second week of November, reducing the total market capitalization to $3.3 trillion. Bitcoin (BTC) fell below the $100,000 mark for the second consecutive week, hitting a low of $94,623 on November 14 before recovering slightly above $95,000. Analysts caution that Bitcoin could face further declines, potentially reaching $89,000. Meanwhile, major altcoins such as Ethereum (ETH), BNB, Solana (SOL), Cardano (ADA), and Chainlink (LINK) saw weekly losses ranging from 5% to 10%. In contrast, privacy-focused cryptocurrencies Zcash (ZEC) and Monero (XMR) bucked the trend, posting gains of 13% and 18%, respectively.

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