Why is Crypto Market Down on 29 Nov, 2025?

The crypto market fell by 0.68% in the last 24 hours. The decline accelerated a broader downward trend, bringing the month's losses to approximately 20%.

As of November 29th, the cryptocurrency market had dropped by 0.68% in the previous 24 hours. The decline accelerated a broader downward trend, bringing the month's losses to approximately 20%. Bitcoin traded near $90,000, while Ether stayed around $3,000.

The overall value of the cryptocurrency market has plummeted to approximately 3.09 trillion. Major coins, like Solana, BNB, DOGE, and XRP, have also experienced a minor decline in fresh volatility in the industry. Markets are still struggling. Other observers blame the continued slide on profit-taking and macroeconomic concerns.

Why is the Crypto Market Down on 29 Nov?

The crypto market has experienced a large increase in liquidations. With a total of $81.7 million in positions liquidated, this represents a 204% gain over the previous day. The majority of the liquidations were for short positions, and the short position break totaled $45.7 million.

This shift is accompanied by traders liquidating their gains, resulting in an increase in Bitcoin's dominance to 58.5. This is a rebound after a prolonged period of bearishness. As stated by the Fear & Greed Index, which has been in the 20/100 Fear zone for the past 18 days.

The United States is sending out some positive economic signals in the global financial arena. The Federal Reserve's recent signals and employment market figures have led to expectations of a rate cut in December.

The CME FedWatch tool predicts a 25 basis point cut with an 86% probability. Reduced interest rates are anticipated to make assets like Bitcoin more appealing, as they allow liquidity and investment.

Meanwhile, European regulators have already released new legislation requiring cryptocurrency companies to give user data to tax authorities. This news increases risk aversion in the crypto market.

Altcoins, particularly Solana and XRP, have been under selling pressure. Solana ETFs are seeing their first outflow in history, while XRP investor flows are splitting. The instance highlights the cryptocurrency market's continual risk and volatility.

Will Crypto Markets Recover?

Bitcoin's price has just decreased by 0.5% and is now trading at $90,712, with an 8% weekly growth rate. If the current trend continues, BTC may rise above $92k and eventually reach $94k or perhaps $100k.

The price of ether is now $3,009, down 0.3% from 24 hours ago, but up 7% this week. If the current positive trend continues, ETH might reach $3,500. Other altcoins, like Solana, XRP, Dogecoin, and Cardano, are also showing signs of recovery.