The week kicked off with a reminder of how quickly crypto sentiment can shift. Bitcoin (BTC) slipped below $90,000, clocking in at around $89,000 early on after peaking above $126,000 just a few weeks earlier. The total crypto market shed roughly $1.2 trillion in value over the past six weeks, reflecting a roughly 25–30% drop from early October highs.
The week of November 18 marked a sharp shift in sentiment across the crypto space. On Tuesday, November 18, Bitcoin (BTC) dropped below the $90,000 level (to around $89,953) for the first time in roughly seven months, signalling that investors’ risk appetite was rapidly evaporating. This came after Bitcoin had peaked above approximately $126,000 in early October, meaning BTC had lost nearly 30% of its value in a little over a month.
At the same time, the overall cryptocurrency market saw about $1.2 trillion in value wiped out over the preceding six weeks (approx. 25–30% drop) according to data from tracking ~18,000 coins. The correction extended beyond Bitcoin: Ethereum (ETH) plunged around 40% from its August highs (above ~$4,955) to about ~$2,997 on Nov 18. This wasn’t just a crypto-isolated event: global equity markets especially tech and AI concentrated sectors also slumped, reflecting a broader risk-off environment.
For more details: OneBullEx Weekly Market Recap on Bitcoin, Ethereum, and Beyond: Tracking the Week’s Biggest Crypto Swings of $1.2 Trillion Loss – OneBullEx Blog
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