The crypto market is currently doing the cha-cha slide into a bear pit. Bitcoin (BTC), Ethereum (ETH), and their friends are trading so red, itâs like someone spilled a whole bottle of ketchup on a white shirt. Layer2 tokens? Theyâre not just down-theyâre in a full-blown emotional support group. Some dropped over 21%! đđ
BTC just slipped below $90,000, a level thatâs more psychological than my morning coffee habit. Now itâs clinging to $89,950 like itâs the last life raft on a sinking cruise ship. âStruggles to reclaim $90,000â sounds like a reality TV show, am I right? đ€Ż
ETH isnât doing much better, trading at $3,025 after briefly flirting with $2,955. Solana (SOL) is down to $137, which is basically the crypto equivalent of a gas station coffee price. Dogecoin (DOGE) and Cardano (ADA)? Theyâre both throwing shade at your 401(k) if youâve ever trusted a meme stock tip on a Tuesday night. đšđž
Over $450 Billion Wiped Out From Cryptocurrency Market
The crypto sector just had a $450 billion face-palm moment. Market cap is teetering above $3 trillion like a toddler on a unicycle. Experts say this dip is âflushing out leverageâ and âfueling the next leg up.â Translation: âHope for a rebound while crying into your sandwich.â đ„đ
Some folks think weâre in bear territory now, citing technical breakdowns and institutional selling. If âtightening liquidityâ means my wallet is tighter than my jeans post-holiday meal, then yes, weâre doomed. đ«đ
Crypto ETPs Register Biggest Outflows Since February
Investors are hitting the eject button on crypto ETPs like itâs the last round of a dating app. Over $2 billion fled last week-because nothing says âconfidenceâ like fleeing during a market meltdown. CoinShares says itâs all about âuncertainty around monetary policyâ and whales selling their crypto like itâs last seasonâs H&M. đđž
Multi-asset ETPs are getting love now, probably because theyâre the crypto version of a diversified portfolio. Or maybe people just want to stop watching their investments die alone. đ€·âïž
Bitcoin (BTC) Price Analysis
BTC is currently in a death spiral below $90,000 after a wild week that included a 5% drop on Friday. Tom Lee says buyers are just waiting for the Fed to cut rates in December. Spoiler: They wonât. But hey, âsigns of exhaustionâ mean weâre close to the bottom-or maybe just the bottom of our collective sanity. đ€Ș
âI think the good news is that there are signs of exhaustion. Tom Demar says a bottom could be this week.â – Translation: âWeâre all guessing, but letâs put it in a fancy quote.â
Long-term holders are calling this a âgenerational opportunity,â which is code for âbuy low, cry harder.â Matt Hougan says Bitcoin is the âcanary in the coal mineâ for risk assets. Congrats, canary. Youâre dead. đŠâ°ïž
âI think weâre nearing the bottom⊠itâs an exciting opportunity for people looking out a year or more.â – Because nothing says âexcitingâ like losing 30% of your net worth. đđ„
BTCâs week was like a rollercoaster built by a toddler: $107k one day, $89k the next. Bear market conditions? More like bear market chaos. đ»đ„
Ethereum (ETH) Price Analysis
ETH briefly reclaimed $3,000, but itâs still trading like a broken toaster. Republic Technologies raised $100 million for an ETH treasury with â0% interest.â Sounds too good to be true⊠like a crypto ponzi scheme. đ€
Exchange-held ETH is down to 11.96 million, which is supposedly bullish because âpeople are moving to self-custody.â Or maybe theyâre just panicking and burying coins in their backyard. đłïž
ETHâs week? A tragicomedy of errors. It hit $3,583, then $3,111. If this were a movie, itâd be titled âThe Fall of the Gas Station.â đâœ
Solana (SOL) Price Analysis
SOL is up 5% today, but itâs been a wild ride. CryptoQuant says whales are buying the dip. Great! Letâs hope theyâre not the same whales who sold in October. đ
SOLâs week: $164 one day, $130 the next. Itâs like watching your exâs Instagram story-up and down without reason. đ
Filecoin (FIL) Price Analysis
FIL started the weekend with a 78% surge, then fell to $1.964. If this were a movie, itâd be called âThe Storage That Couldnât.â đïžđ
Jupiter (JUP) Price Analysis
JUP is up 2.50% today after a 11% drop on Friday. Itâs like the crypto version of a reality TV comeback special. Will it stick? Probably not. But hey, at least itâs not a 90% loss! đŹ
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2025-11-18 20:13