The cryptocurrency market continues its November slide, with total capitalization now hovering near $3.42 trillion, down roughly 12% from early-month highs around $3.9 trillion. This decline has erased billions in value as traders face liquidations exceeding $2 billion over the past week, primarily from over-leveraged long positions.
Bitcoin has retreated from its recent peak near $113,000, consolidating around $101,600 as investors turn cautious. Analysts attribute the decline to a mix of macro tightening signals, reduced ETF inflows, and miner sell pressure that briefly spiked last week.
Despite the short-term pullback, on-chain metrics like realized cap and supply in loss suggest the market may be entering a mid-cycle reset rather than a long-term reversal.
Ethereum: Struggling Beneath $3,400
Ethereum continues to underperform Bitcoin, trading near $3,380 after slipping below key support at $3,500. The decline follows waning DeFi volumes and a rotation of capital toward tokenized real-world asset (RWA) plays.
However, Cointelegraph recently reported that Ethereum’s tokenized economy surpassed $200 billion, underscoring its growing fundamental strength despite near-term weakness. Some analysts argue ETH remains undervalued versus its ecosystem activity.
BNB and Solana: Leading the Drop
BNB has fallen nearly 3.4% in 24 hours, trading around $941, as traders unwind leveraged positions across major altcoins. Solana (SOL), which recently hit $160, is now down almost 5% on the day, stabilizing near $152.9.
While both tokens remain top Layer-1 contenders, the correction reflects profit-taking following a month of heavy gains and overheated funding rates.
XRP and Cardano: Relative Stability Amid Volatility
XRP is down 4% in 24 hours, trading at $2.34, though it remains one of the better-performing assets over the week (+3.1%). Ripple’s steady progress in institutional payments and ongoing partnerships have supported sentiment.
Meanwhile, Cardano (ADA) sits near $0.549, slightly lower but maintaining a 0.75% weekly gain. Analysts note rising developer activity and stable on-chain volumes, suggesting consolidation rather than capitulation.
Dogecoin and TRON: Holding Support
Dogecoin (DOGE) trades at $0.169, slipping 3.9% in 24 hours, yet still showing mild weekly gains as community activity remains strong. TRON (TRX) fares better, up 2.8% over the week, driven by consistent stablecoin settlement growth and rising daily transactions on the network.
Market Sentiment and Outlook
The Crypto Fear & Greed Index now reads 20–26, signaling extreme fear, conditions historically seen near market bottoms.
While sentiment is weak, analysts point to ongoing corporate Bitcoin accumulation, a reduction in miner outflows, and the persistence of institutional flows as longer-term bullish indicators.
With Bitcoin consolidating above the $100K psychological mark and Ethereum’s fundamentals intact, traders may see this correction as a structural cooling phase before the next cycle expansion.