Crypto Market in Free Fall: Loss of Over $1 Trillion in a Month

The cryptocurrency market continues to experience one of the most serious crises of 2025, with a loss of over $1 trillion in total capitalization since the beginning of October. According to CoinGecko data, the current global market capitalization stands at about $2.96 trillion, which is 0.7% higher over the last 24 hours, but this is only a weak recovery after a massive decline that wiped out all annual gains for many assets. Analysts warn that this could be the start of a prolonged bear market, similar to the "crypto winters" of past years.

From $4.3 Trillion to Less Than $3 Trillion

According to analysts, the market has lost between $1 trillion and $1.35 trillion from peak values at the beginning of October, when capitalization reached $4.3 trillion. In just the last six weeks, over $1 trillion has vanished, making November 2025 one of the worst months in crypto history. Reasons include flight from risky assets, Federal Reserve rate hikes, geopolitical tensions, and massive position liquidations - on November 21 alone, nearly $2 billion in long positions were liquidated. The fear and greed index has dropped to "extreme fear," signaling panic among investors.

Experts from Bloomberg call this the "great crypto crash of 2025," emphasizing how Bitcoin and other assets have erased all gains for the year.

"The market doesn't exist in a vacuum - macroeconomic factors like rising inflation and rotation into stocks are pressuring crypto" comment analysts from Mudrex.

Top Crypto Assets Under Pressure

Leading cryptocurrencies have suffered greatly from the decline. Here are the current data as of November 22.

• Bitcoin (BTC): $84,443 (down 31% from the October peak of $126,000; 24h change +1.0%). Market capitalization: $1.68 trillion. BTC has dropped below $84,000, the lowest level since April, wiping out annual gains.
• Ethereum (ETH): $2,745 (down 36% from the yearly high; 24h change +0.7%). Capitalization: $330 billion. ETH has fallen below $3,000, suffering from ETF outflows and competition from Solana.
• Solana (SOL): $127 (down 30-40% from recent highs; 24h change +0.1%). Capitalization: $71 billion. SOL leads in losses among altcoins, with flash crashes and reduced DeFi activity.
• XRP: $1.92 (down below $2; 24h change +0.3%). Capitalization: $115 billion. XRP has suffered from regulatory uncertainties and general outflows.Dogecoin (DOGE): $0.138 (down 2-6%; 24h change +0.7%). Capitalization: $21 billion. Meme coins like DOGE have proven vulnerable to volatility, with losses from ETF expectations.

These assets have collectively lost hundreds of billions, with Bitcoin dominating at 56.8% of the market.

Analysts from FxPro warn of possible further decline: BTC could drop to $72,000-74,000 if the trend continues. However, some see this as a correction before recovery, citing historical November patterns for BTC.

"Crashes are buying opportunities, but avoid leverage and focus on fundamentally strong assets" advise experts from Bankless Times.

In Ukraine, where crypto is used for donations and financial stability, local exchanges are recording reduced trading volumes, but interest in stablecoins is growing.