The post Crypto Market Crashes Ahead of Black Friday: Everything You Need to Know appeared on BitcoinEthereumNews.com.

The post Crypto Market Crashes Ahead of Black Friday: Everything You Need to Know appeared first on Coinpedia Fintech News The crypto market today was swept into a sharp selloff ahead of Black Friday, as global risk aversion surged. Thereby, leading to billions being wiped from the industry’s valuation in a matter of hours.  From Bitcoin and Ethereum to sector indices, almost every corner of the crypto ecosystem turned negative. This led to panic signals from traditional equity markets and a dramatic collapse in investor sentiment. Amid collapsing support levels and forced liquidations, traders are left navigating one of the year’s steepest downturns. Black Friday Panic Spills Over? Much of today’s turmoil can be traced to a sudden macro risk-off wave that started in equities. This is with the S&P 500 plunging 4% and wiping out $2.7 trillion in market value. With cryptocurrencies holding a relatively high 0.85 correlation to the Nasdaq, the rout in stocks sent shockwaves across digital assets too.  Further fanning the flames, the probability of a US Federal Reserve rate cut in December nosedived from 93% just a month ago to only 35% now. This environment has pushed the crypto Fear & Greed Index to just 11, an “Extreme Fear” reading.​ Market Metrics: Signs You Cannot Ignore Total crypto market cap fell by 6.31% to $2.95 trillion. The CMC 20 index mirrored the slide, off 6.91% to $182.8. The average crypto RSI now sits at 38.88, signaling broadly oversold momentum. The Altcoin Season Index by CoinMarketCap prints 27/100, confirming BTC-led dominance.​ Bloodbath for BTC, ETH, and XRP Bitcoin endured one of its worst single-day losses in months, plunging 7% in 24 hours to $86,119.39 and 11.6% for the week. Key supports were shattered, bringing on $829 million in liquidations as bearish sentiment and record whale selling…

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Filed under: News - @ November 21, 2025 9:26 am