WikiBit 2025-11-22 05:03Crypto Crash: Everything Is Bleeding At OnceThe entire risk market is in “risk off” mode. $Bitcoin i
Crypto Crash: Everything Is Bleeding At Once
The entire risk market is in “risk off” mode.
$Bitcoin is trading around $82,000–83,000, total crypto market cap has dropped sharply toward $2.8 trillion, and even the SPX500is rolling over.
On the heatmap of the top coins, almost every crypto is flashing red. Bitcoin, Ethereum, XRP, BNB, Solana, Dogecoin, Cardano and Hyperliquid are all down markedly over the past week, with only the stablecoins holding their peg.
This is not just “a Bitcoin dip” – its a broad deleveraging eventwhere:
Lets break down the charts and then look at each major coin.
Crypto Total Market Cap: Support Break With Oversold Signals
On the total market cap chart, the market recently traded around $3.16Tand is now sitting closer to $2.81T. That old $3.1–3.2Tarea acted as a horizontal support zone – and price clearly broke below it.
Key takeaways from the total market cap chart:
Translation: the trend is currently down, but the market is already moving into a zone where short-term bouncesbecome more likely – even if the larger correction isnt finished yet.
SPX500: Macro Risk-Off Is Hitting Crypto
The SPX500 chart (US equities benchmark) is also under pressure. While still relatively high compared to earlier in the year, it shows:
When stocks and crypto fall together, it usually means the driver is macro fear, not just crypto-specific news:
So this current crypto crash is macro-aligned: traders are pulling back from all risk assets, not just Bitcoin.
Bitcoin (BTC): Testing the $80K Lifeline
On the BTCUSD 2h chart, price has broken down from the previous range and is trading around $82,000+.
You marked two major levels:
What the BTC chart is telling us:
If $80K breaks with volume, the next downside zones to watch (on higher timeframes) would be somewhere in the mid-70Kor even 70K–75Kregion. For now, though, the market is clearly treating $80K as the last major line of defence.
Ethereum (ETH): High-Beta Bleed
ETH is trading around $2,695, with:
Ethereum is behaving like a high-beta clone of Bitcoin:
As long as BTC is stuck below $94K and flirting with $80K, its hard for ETH to decouple. Expect ETH to remain weak but reactive: sharp intraday bounces are possible, but the dominant path is still dictated by Bitcoin.
XRP: Outperformer On The Way Down
XRP is trading around $1.91, with:
XRPs move is slightly worse than BTC in % terms, but still within a normal altcoin reaction band:
If BTC pierces $80K convincingly, XRP could easily retest lower psychological levels (e.g. the $1.50–$1.70 band), even if its long-term structure remains intact.
BNB: Still Relatively Resilient
BNB trades near $821, showing:
Compared to some other majors, BNB is holding up relatively well:
If the crash deepens, BNB may continue to outperform in relative terms, but that still means red candles, just fewer and slightly smaller than high-beta alts.
Solana (SOL): Momentum Coin Losing Steam
SOL is trading around $126.64, with:
Solana has been one of the highest-beta layer-1sin this cycle, so its no surprise to see:
The current crash is mainly macro + BTC-driven, not Solana-specific, but because SOL attracted a lot of speculative capital, its now seeing outsized selling.
If BTC holds $80K, SOL can bounce relatively aggressively. If not, a deeper retest of the $100 psychological zonewould not be surprising.
Cardano (ADA): Deep Weekly Drawdown
ADA trades near $0.4076, with:
Cardanos move is similar to DOGE:
As usual, ADA tends to move in slow, extended cycles. A recovery here will likely depend heavily on Bitcoinand macro sentiment, not just on Cardano news.
So… Whats Next For Crypto And Stocks?
Right now, the picture looks like this:
Possible scenarios:
Short-Term Relief Rally (If $80K Holds)
Deeper Correction (If $80K Breaks)
Macro Drives The Narrative
Disclaimer:
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