The crypto market experienced another turbulent trading day, with bitcoin drawing much of the attention. While the largest digital currency is struggling to stay above key price levels, investor sentiment remains mixed. It wasn’t just bitcoin that made notable moves; other major coins like dogecoin, ethereum, and XRP also showed interesting developments.
Market Overview: Bitcoin Holds On #
Bitcoin’s price fell today compared to yesterday. The price dropped by 0.8% and is trading at $86,400. Earlier today, there was a brief rally: the price rose twice towards the $88,000 mark but was rejected both times, followed by a decline.
The fluctuating price generated significant interest from traders. The trading volume of the largest cryptocurrency increased by 50% today.
Expectations for price movements vary considerably. Different indicators can give different signals. For example, some analysts suggest that a classic price pattern indicates the price could correct further. They refer to a so-called ‘Death Cross,’ which historically has been a precursor to a heavy correction several times.
Whether history will repeat itself remains to be seen. But many analysts are taking a cautious stance. Analyst Ted Pillows shared on X five reasons why, according to Deutsche Bank, bitcoin is down 30% from its peak: a risk-off mood in the market, negative signals from the Fed, stagnant crypto regulation, institutional outflows, and long-term holders taking profits.
Bitcoin just had its worst week since February, down over 30% from last month’s peak. Deutsche Bank analysts point to five main reasons:
1 – Risk-off mood in markets – Bitcoin is moving like a high-growth tech stock (strongly correlated with the Nasdaq-100) rather than an…
— Ted (@TedPillows) November 24, 2025
Additionally, there was major news for dogecoin today: the cryptocurrency reached a historic milestone with the first exchange-traded fund (ETF). The fund, named GDOG, was introduced by the well-known asset manager Grayscale.
The popular cryptocurrency does not seem to be benefiting from the good news yet. The coin fell by 0.3% today and is now at $0.1453. Nevertheless, the introduction of the fund opens the doors for institutional capital, which is very positive for dogecoin.
According to Bloomberg analyst Eric Balchunas, the crypto market can expect many new crypto ETFs. The analyst mentions that there will likely be more than a hundred new funds in the next six months.
There are 5 spot crypto ETFs launching over next 6 days. Beyond that we don’t have exact but we expect a steady supply of them (likely over 100 in next six months). Nice chart showing what’s launched and what’s on deck from @JSeyff pic.twitter.com/eArnDUN5JH
— Eric Balchunas (@EricBalchunas) November 24, 2025
While bitcoin and dogecoin fell, there were also winners in the top 10. Ethereum rose by 0.4% to $2,800. In the top 10, ethereum remains the only coin that is still in double-digit percentage losses this week. The second-largest coin therefore has some catching up to do. XRP also performed well, rising by 1.3% to $2.08.
Today’s Top Gainers in the Top 100 #
| Name | Rise (24h) | Price |
|---|---|---|
| Rain | 97% | $0.00740 |
| Canton | 8% | $0.084 |
| Pump.fun | 5.8% | $0.0027 |
| Aave | 4.0% | $171 |
| Kaspa | 3.3% | $0.041 |
Today’s Top Losers in the Top 100 #
| Name | Fall (24h) | Price |
|---|---|---|
| Cosmos Hub | 4.4% | $2.42 |
| Aptos | 3.6% | $2.26 |
| Hedera | 3.4% | $0.14 |
| Pi Network | 3.4% | $0.2354 |
| Zcash | 2.3% | $564 |