Why Is Crypto Down Today? – November 12, 2025

Market Overview - The cryptocurrency market capitalisation has decreased by 1.8%, now standing at $3.57 trillion [1][2] - Total crypto trading volume is at $154 billion [1] Price Movements - 87 of the top 100 coins have seen price declines, with 9 of the top 10 coins also down [2] - Bitcoin (BTC) has decreased by 1% to $103,854 [2][3] - Ethereum (ETH) has fallen by 2.6% to $3,459 [2][3] - Solana (SOL) experienced the highest drop at 3.2%, trading at $977 [3] - The only coin in the green is Tron (TRX), which appreciated by 0.5% to $0.2994 [4] Notable Winners and Losers - Official Trump (TRUMP) saw the largest decline of 6.6% to $7.81 [4] - Arbitrum (ARB) fell by 5.6% to $0.2789 [4] - Canton (CC) had the highest appreciation at 25.4% to $0.1379 [4] - Aster (ASTER) increased by 7.9%, now standing at $1.16 [4] Market Sentiment - Despite optimism regarding the potential end of the US government shutdown, crypto traders remain cautious with subdued sentiment due to weak ETF inflows [5] - Crypto market sentiment has dropped into the fear territory [2] Technical Analysis - Bitcoin is currently between support and resistance levels of $100,600 and $108,500, with a break of either likely to define the next directional trend [6] - Ethereum's fundamentals are noted to be strong despite recent price declines, driven by significant growth in stablecoins [7]