The crypto market is down today, breaking a green streak, with the cryptocurrency market capitalisation dropping by 0.4%, now standing at $3.19 trillion. 65 of the top 100 coins have gone down over the past 24 hours. At the same time, the total crypto trading volume is at $113 billion.
TLDR:
Crypto Winners & Losers
At the time of writing, 8 of the top 10 coins per market capitalization have seen their prices fall over the past 24 hours. But the majority of them decreased by less than 0.5%, meaning that they’re largely unchanged.
Bitcoin (BTC) fell by 0.2% since this time yesterday, at the time of writing, currently trading at $91,150.
Bitcoin (BTC)24h7d30d1yAll time
Ethereum (ETH) is down by 0.1%, now changing hands at $3,018. This is the lowest change in the category.
The highest drop is 1.9% by Solana (SOL), now trading at $139.
It’s followed by Dogecoin (DOGE)’s 1.6% to the price of $0.1509.
At the same time, two coins have appreciated in the same time. Tron (TRX) is up by 1.2%, trading at $0.2799, while XRP rose by 0.8% to $2.21.
When it comes to the top 100 coins, 65 recorded decreases. Among these, Kaspa (KAS) is down the most: 8% to $0.05585.
Moreover, Zcash (ZEC) fell 5.7% to the price of $480.
On the green side, Sky (SKY) appreciated the most: 8% to $0.05015.
It’s followed by Monero (XMR), which increased by 5%, now trading at $417.
Meanwhile, in the US, jobs data and the Federal Reserve signals have strengthened the case for a December rate cut. The crypto market is still cautious, however.
In the European Union, the regulators have introduced a set of crypto data-sharing rules that establish strict requirements for how crypto firms collect, store, and report user information to tax authorities.
EU’s new crypto data-sharing rules will force exchanges and service providers to share user data and transaction records.#EU #CryptoPrivacyhttps://t.co/YoIDXmgNvm
— Cryptonews.com (@cryptonews) November 27, 2025
Balancing On a Knife’s Edge
Greg Waisman, Chief Operating Officer at payment infrastructure platform Mercuryo, commented that BTC managed to rebounded above the $90,000 mark amid rising expectations of a December Federal Reserve rate cut.
“Although volatility has remained elevated in recent weeks, the market is also showing further signs of maturity,” he said. “Retail traders appear less fazed by market noise, and we continue to see stable, consistent buying patterns on the Mercuryo platform.”
Sean Dawson, head of research at onchain options platform Derive.xyz, wrote in an email that “markets are balancing on a knife’s edge, but sentiment has stabilised meaningfully as expectations of a rate cut continue to recover.”
While initially collapsing to 39% a week ago, the probability of a 25 basis point cut at the upcoming FOMC meeting surged back to nearly 87%. “In response, BTC has staged a strong rebound.”
BTC skews up, vols down and odds of a rate cut up to 87% from last week's low of 39%.
Bearish sentiment still pervades, but there are rays of light shining through the cloudspic.twitter.com/tvCq1FRAuL
— Sean | Derive (@SeanNotShorn) November 27, 2025
“This shift in macro expectations has eased some of the intense bearish pressure that dominated the options market through late October and November,” Dawson said. “Traders are still paying a premium for downside protection, but noticeably less than last week, reflecting reduced fear and a partial unwind of defensive hedging as rate-cut odds firm.“
Additionally, Fabian Dori, CIO at digital asset bank Sygnum, argued that the cycle isn’t over yet, and that the crash in Q4 is “excessive, not structural.”
“The shift in narrative was triggered less by fundamentals and more by a sudden re-pricing of risks at a time when investors were already debating whether the Four-Year Cycle had peaked,” he said.
“These signals reflect sentiment capitulation rather than long-term deterioration in fundamentals. From a cycle perspective, we see a maturing phase rather than an ending one,” Dori concluded.
Levels & Events to Watch Next
At the time of writing on Friday morning, BTC stood at $91,150. It was quite a chopping trading day. The price would plunge and would subsequently try to recover, before falling and rising again – resulting in a largely unchanged level over 24 hours. Overall, it traded in a tight range between the intraday low of $90,485 and the intraday high of $91,826.
The coin has turned green in the 7-day timeframe, having increased by 6.6%. It traded between $82,175 and $91,804.
BTC broke the $88,000 resistance and establishing support above $90,000. It’s now facing resistance at the $92,000-$94,000 level. Should it break it, it could move towards the $98,000-$101,972 range. But a drop below $89,000 could lead to $86,500, after which the doors would open further decreases.
Ethereum is currently changing hands at $3,018. Early in the day, the price dropped from $3,039 to the day’s low of $2,986, before recovering to the day’s high of $3,042. It has corrected since.
Over the past week, ETH appreciated 11.6%, trading between $2,680 and $3,042 in this timeframe.
Investors are now looking to see if the coin will defend the price above $3,000, which would lead to further increases towards the $3,100-3,230 range. At the same time, a decrease below $2,990 may lead to additional pullbacks to $2,900 and $2,850, and possibly below the $2,800 mark.
Ethereum (ETH)24h7d30d1yAll time
Meanwhile, the crypto market sentiment has moved upwards over the past day, for the second day in a row, finally exiting the extreme fear zone. The crypto fear and greed index stands at 20 today, compared to 18 yesterday, residing in the fear zone.
This suggests a slightly higher optimism amongst market participants, but also the perseverance of significant amount of caution.
ETFs On Hiatus
The US markets were closed on Thursday for the country’s Thanksgiving holiday. On the previous day of trading both US BTC and ETH spot ETFs recorded positive flows.
The former saw $21.12 million, and the latter saw $60.82 million in inflows.
On the other hand, SOL spot ETFs recorded outflows of $8.1 million on the same day. This marked the first negative session since the launch a month ago. Therefore, it broke a 21-day green streak.
Meanwhile, USA’s California Public Employees’ Retirement System (CalPERS) faced heavy losses following sell-off in Strategy. The stocks slid from more than $144m to about $80m in a matter of months, decreasing about 45% so far this quarter, largely tracking Bitcoin’s swings.
Quick FAQ
- Why did crypto move with stocks today?
The crypto market has posted an increase over the past 24 hours. And while the crypto market never sleeps, the US stock market was closed on Thursday for the country’s Thanksgiving holiday and will have a shortened session on Friday.
- Is this drop sustainable?
The drop is overall quite minor, and the market remains indecisive for now. Further signals will push it to either side, so investors are keeping an eye on the incoming macroeconomic and geopolitical data.
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