Why Is Crypto Down Today? – November 21, 2025

Core Insights - The cryptocurrency market capitalization has dropped by 7.6%, falling below $3 trillion to $2.98 trillion, with 99 of the top 100 coins experiencing declines [1][2] - Bitcoin (BTC) decreased by 8.7% to $84,152, while Ethereum (ETH) fell by 10% to $2,729, marking significant losses among the top cryptocurrencies [2][3] - Market sentiment has reached its lowest level in years, with warnings that the downturn may be just beginning and could lead to intensified selling [2][5] Market Performance - The total crypto trading volume is reported at $269 billion, indicating a significant level of trading activity despite the downturn [1] - Among the top 100 coins, 36 experienced double-digit declines, with Canton (CC) seeing the largest drop of 21.4% [4] - Zcash (ZEC) is the only coin that appreciated, with a slight increase of 1.8% [4] Expert Opinions - Industry insiders suggest that Bitcoin is on track for its worst monthly performance since 2022, with expectations of further declines [5] - Veteran trader Peter Brandt predicts that the next bull market for Bitcoin could reach $200,000 by Q3 2029, viewing the current sell-off as a necessary correction [6]