NextFin news, On November 13-14, 2025, major cryptocurrencies—Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and XRP—experienced significant price declines amid deteriorating market sentiment linked to the fading hopes for a Federal Reserve interest rate cut in December. Bitcoin traded below the psychologically important $100,000 threshold, marking its lowest point since April 2025, with a 2.99% drop to approximately $99,162 as of 8:25 p.m. ET on November 13. Ethereum plunged 6.46% to around $3,210, with XRP and Dogecoin falling 4.11% and 4.41% respectively. These declines coincided with a broader selloff in U.S. equities, where indexes like the Dow Jones Industrial Average fell 1.65% and the Nasdaq Composite lost 2.29% on November 13, signaling widespread risk-off sentiment.
The catalyst behind the market selloff includes the protracted six-week U.S. government shutdown that created an opaque economic data environment, making it difficult for the Federal Reserve to communicate its policy direction. The October jobs and inflation reports remain unreleased, blurring the Fed's outlook for the December Federal Open Market Committee (FOMC) meeting. Market-inferred odds of a December rate cut dropped to 50.7%, down from 62% the day before, according to the CME FedWatch Tool, signaling diminished expectations for easing monetary policy.
Trading volumes surged markedly as Bitcoin’s 24-hour volume jumped 50% to $104 billion, reflecting heightened selling pressure. Cryptocurrency liquidations crossed $750 million within 24 hours, primarily from long positions, with over $600 million in bullish bets erased. Bitcoin’s open interest rose by 0.68%, a sign that bearish traders are opening new short positions amid falling prices. The Crypto Fear & Greed Index indicated extreme fear, reinforcing growing market anxiety. Institutional investors also showed retreat, with US spot Bitcoin exchange-traded funds (ETFs) registering outflows totaling $577.7 million on November 4, led by Fidelity’s FBTC with $356.6 million in outflows and Grayscale’s GBTC shedding $48.9 million. Ethereum ETF products saw $219.4 million in redemptions, while Solana ETFs bucked the trend with $14.8 million inflows.
Renowned crypto analyst Michaël van de Poppe commented that Bitcoin’s failure to reclaim the $100,700 mark signals weak short-term momentum and a predominantly bearish trend across lower timeframes. The liquidity sweep below $100,000 indicates market participants are vulnerable to further downside. Another market researcher, Ali Martinez, identified stronger support levels around $82,045 and $66,900, should prices drop below $95,930.
This crypto downturn unfolds as macroeconomic risks intensify. The U.S. government shutdown—notably the longest in history—has restricted access to vital economic indicators, increasing uncertainty. Moreover, President Donald Trump’s administration has heightened trade tensions with China and underscored the breadth of geopolitical risk. Concurrently, the fading potential for Fed rate cuts dampens speculative enthusiasm, particularly for altcoins, which analysts warn could underperform Bitcoin by up to 30% amid shrinking liquidity.
These developments signal a cautious phase for cryptocurrencies and markets alike. The concomitant selloff in high-valuation tech stocks, frequently interlinked with crypto sentiment, exemplifies the broader risk aversion gripping investors. Institutional capital flows are particularly telling; large outflows from Bitcoin and Ethereum ETFs imply weakened confidence among professional asset managers despite active daily trading volumes of $8.94 billion for Bitcoin and $4.15 billion for Ethereum.
Looking ahead, further volatility is anticipated as market participants await new economic data releases once the government shutdown concludes. Bitcoin faces critical technical resistance at $100,700 and must reclaim this level to challenge the bearish narrative. Failure to hold key support zones near $97,000 to $98,500 may trigger deeper corrections. Ethereum’s resistance lies near $3,400–$3,550, with breakdown risks down to $3,000–$2,950. Investor sentiment recovery is likely tied to resolution of macro uncertainties and clarity on Federal Reserve policy.
Institutional investors’ cautious stance also reflects shifting risk appetite, with funds like Tokyo-listed Metaplanet recently securing $100 million in Bitcoin-backed borrowing facilities to prudently expand crypto exposure and share repurchases, limiting risk amid market softness. Meanwhile, crypto prediction markets demonstrated notable accuracy with political outcomes, such as the election of Zohran Mamdani as New York City mayor, indicating growing integration of blockchain-based forecasting.
In sum, the cryptocurrency market in November 2025 confronts multi-faceted headwinds including fading Fed easing hopes, a lull in economic data, volatile international trade policies under President Donald Trump’s administration, and intensified risk-off investment sentiment. These pressures contribute not only to price declines among major crypto assets, notably Bitcoin remaining below $100,000, but also to reduced speculative appetite and elevated institutional outflows. Forward-looking, stability and recovery in crypto markets hinge on resolution of U.S. macroeconomic uncertainties, renewed Fed clarity, and restoration of investor confidence, with technical barriers around $100,000 for Bitcoin serving as pivotal thresholds for potential trend reversals.
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