The cryptocurrency market opened November on shaky ground, with Bitcoin falling to approximately $107,568, marking an 18 % drop from its early-October high. Other major tokens followed suit: Ethereum and XRP declined by about 4.4 % and 4.7 % respectively. This abrupt start to the month has raised concerns about the sustainability of the recovery narrative for digital assets.
Macroeconomic headwinds are playing a key role. Heightened US–China trade tensions and signals from the Federal Reserve that a December interest-rate cut is not guaranteed have dampened risk appetite. Given cryptocurrencies’ sensitivity to liquidity and risk sentiment, this backdrop has weighed heavily on market confidence.
Technical analysis reveals a critical support zone at around $98,000 for Bitcoin. Should this level break, analysts warn of a possible extended decline toward the $90,000-$74,000 range, with further fallback toward $60,000 if bearish momentum intensifies. The speed of the decline and the magnitude of drops in other assets highlight the interconnectedness of crypto and broader financial markets.
For investors, the message is one of caution. The market is no longer simply waiting for the next leg up—structure, flows and macro catalysts must align. While bottom formation remains possible, the recent price action suggests risk is elevated. Participants should focus on market structure, liquidity conditions and macro signals rather than chasing headline levels.
Suggested Keywords:
Bitcoin drop November 2025, crypto market correction, Bitcoin support levels, crypto macro risk, Ethereum XRP November 2025
