- The cryptocurrency market correction continues as Bitcoin dips below $90,000.
- Ethereum experiences a price drop to $2,946 with a slight recovery above $3,000.
- Daily liquidation volumes surpass $1 billion, predominantly due to long positions.
- Macroeconomic factors are contributing significantly to the market downturn.
Bitcoin Tests Below $90,000 and Ethereum Hits $2,946
In an unexpected turn of events on November 18, 2025, the cryptocurrency market witnessed significant volatility. According to data from TradingView, Bitcoin’s price momentarily dropped to $89,253 while Ethereum plunged to $2,946. Experts attribute this decline to ongoing macroeconomic challenges impacting the crypto market.
Market Recovery Efforts and Price Fluctuations
As of this report’s preparation, Bitcoin has slightly recovered above the crucial $90,000 mark. However, it still reflects more than a 2% drop on daily charts and nearly a 15% decrease on weekly charts. Ethereum also saw a brief resurgence above the $3,000 threshold but remains unstable with a daily loss of about 0.6% and more than 15% over the week.
The last time Bitcoin fell below this critical level was seven months ago in April 2025. This past correction was largely influenced by U.S. President Donald Trump’s tariff policies.
Impact on Altcoins and Market Sentiment
Other cryptocurrencies have not been immune to this downward trend. Altcoins have experienced declines ranging from 1% to over 6%. The overarching sentiment among traders is one of caution as fear dominates the market landscape.
The CryptoRank platform highlights that daily liquidation volumes have exceeded $1 billion with long positions predominantly being liquidated due to misplaced expectations of a market rebound. CoinStats’ Fear and Greed Index stands at just 15 points, indicating strong selling pressure among traders.
Expert Opinions on Macroeconomic Influences
Industry experts point towards deteriorating macroeconomic conditions as key drivers for this downturn. Shilian Tan from Monarq Asset Management noted in Bloomberg that there is only a 50% chance of further easing by the Federal Reserve in December 2025. Consequently, Bitcoin has lost its vital support level at $100,000. This scenario is driving investors toward bonds and gold while negatively affecting high-risk assets like cryptocurrencies.
Despite attempts at recovery since the major sell-off in early October 2025, the crypto market struggles to find solid footing for sustained growth.
In conclusion: As cryptocurrencies face these turbulent times driven by macroeconomic uncertainties and shifting investor sentiments; understanding these dynamics can offer valuable insights into future trends within this volatile yet promising financial domain.
