Why Is Crypto Down Today? – November 28, 2025

Today, the cryptocurrency market has experienced a decline, ending a recent streak of gains. The overall market capitalization has decreased by 0.4%, bringing it down to $3.19 trillion. Among the top 100 cryptocurrencies, 65 have seen price drops in the last 24 hours, with total trading volume at $113 billion.

Key Takeaways

The total cryptocurrency market capitalization is currently at $3.19 trillion, reflecting a 0.4% decline.
Out of the top 100 cryptocurrencies, 65 have recorded losses in the past day.
Bitcoin (BTC) is trading at $91,150, down 0.2%, while Ethereum (ETH) is at $3,018, down 0.1%.
Market sentiment is cautious amid expectations of a potential interest rate cut by the Federal Reserve.
The crypto fear and greed index indicates a slight improvement in investor sentiment.

Why Is Crypto Down Today

Market Overview

The cryptocurrency market has taken a step back today, interrupting a trend of positive performance recently. The combined market capitalization for all cryptocurrencies has fallen by 0.4%, now totaling $3.19 trillion. Performance among the leading cryptocurrencies shows that 65 out of the top 100 coins have decreased in value over the last 24 hours, with total market trading volume hitting $113 billion.

Crypto Winners and Losers

Price Changes in Major Cryptocurrencies

As of now, 8 of the top 10 cryptocurrencies by market capitalization have experienced price declines in the past 24 hours. However, most changes are minimal, showing drops of less than 0.5%.

Bitcoin (BTC) has seen a slight decline of 0.2%, trading at $91,150.
Ethereum (ETH) is down 0.1%, currently priced at $3,018, the least affected among the major cryptocurrencies.
The largest drop belongs to Solana (SOL), which dropped by 1.9%, now valued at $139.
Dogecoin (DOGE) has decreased by 1.6%, trading at $0.1509.
Contrarily, two coins have noted price increases: Tron (TRX) is up 1.2% at $0.2799, and XRP increased by 0.8% to $2.21.

Among the top 100 coins, Kaspa (KAS) saw the biggest decline of 8%, now trading at $0.05585, while Zcash (ZEC) lost 5.7%, dropping to $480. On a brighter note, Sky (SKY) gained 8%, currently at $0.05015, and Monero (XMR) rose 5%, trading at $417.

Market Influences

In the U.S., recent jobs data and indications from the Federal Reserve suggest a potential rate reduction in December, contributing to cautious market sentiment.

In the European Union, new regulations have been implemented that require cryptocurrency firms to adhere to strict data-sharing requirements with tax authorities regarding user information.

Market Sentiment and Forecast

Current Trends

Greg Waisman, COO of Mercuryo, noted that Bitcoin has managed to stay above the $90,000 mark partly due to rising expectations for a December rate cut from the Federal Reserve. He commented on the market's maturation, stating that retail investors appear more resilient in the face of market fluctuations, leading to consistent buying patterns.

Sean Dawson from Derive.xyz observed that market sentiment is stabilizing, indicating a recovery in expectations regarding interest rate cuts. After a notable drop in probability for a rate cut last week, forecasts have soared back to nearly 87%, prompting a strong rebound in Bitcoin’s price.

Fabian Dori from digital asset bank Sygnum believes that the cryptocurrency cycle isn't over and suggests that the recent downturns are more about risk re-evaluation than structural issues within the market.

Important Levels to Monitor

As of the latest updates on Friday morning, Bitcoin is trading at $91,150, fluctuating within a tight range throughout the trading day from an intraday low of $90,485 to a high of $91,826. BTC has gained 6.6% over the past week, with prices moving between $82,175 and $91,804.

Bitcoin recently broke through the $88,000 resistance, establishing support above $90,000. It now faces resistance at levels between $92,000 and $94,000. If it breaks this range, it could potentially advance toward $98,000 to $101,972. However, if the price drops below $89,000, it could dip to around $86,500.

Trading Overview

Ethereum is trading at $3,018. The price fluctuated early in the day between $3,039 and a low of $2,986 before reaching a high of $3,042, but has since corrected downwards. Over the last week, Ethereum has gained 11.6%, with trading occurring within the range of $2,680 to $3,042.

Investors are keenly watching to see if Ethereum can maintain its value above $3,000, which could lead to an upward trend toward the $3,100 to $3,230 area. Conversely, prices sinking below $2,990 may trigger further pullbacks to around $2,900 or even lower.

Simultaneously, there’s been an upward shift in the market sentiment over the last day, improving slightly from extreme fear, with the crypto fear and greed index now at 20, up from 18.

Market Sentiment

The U.S. markets were closed on Thursday due to Thanksgiving, and in the previous trading session, both Bitcoin and Ethereum spot ETFs experienced positive capital flows, with Bitcoin seeing inflows of $21.12 million and Ethereum witnessing inflows of $60.82 million. However, Solana ETFs reported outflows of $8.1 million, marking the first negative session since their launch.

ETF Performance

Moreover, California's Public Employees’ Retirement System (CalPERS) has faced significant losses following recent sell-offs, with the value of their Strategy dropping about 45% this quarter, correlating closely with Bitcoin’s volatility.

Quick FAQ

The cryptocurrency market has registered slight declines over the last 24 hours. While the crypto market operates continuously, the U.S. stock market was closed for Thanksgiving, leading to fluctuations in trading volumes. The current declines are relatively minor, and the market remains uncertain, prompting investors to monitor forthcoming macroeconomic and geopolitical data for more definitive direction.