Why Is Crypto Down Today? – November 13, 2025

What Happened

However, “retail spot traders are showing notable resilience despite recent price falls.” Per Waisman, “what we’re observing may indicate that retail investors are increasingly focused on long-term accumulation rather than speculative, short-term trading.”

“Some might say sentiment has rarely been more divided on the future price trajectory of the cryptocurrency market. In the face of such uncertainty, some retail investors appear to be placing regular buy orders as part of a more disciplined, long-term strategy,” he concluded.

Market Context

The crypto market is down today again, with the cryptocurrency market capitalisation decreasing by 0.8%, now standing at $3.57 trillion. About 80 of the top 100 coins have dropped over the past 24 hours. At the same time, the total crypto trading volume is at $183 billion.

At the time of writing, 7 of the top 10 coins per market capitalization have seen their prices decrease over the past 24 hours. This is two less than yesterday.

Bitcoin (BTC) has dropped by 1.3% since this time yesterday, currently trading at $103,080.

When it comes to the green coins, Quant (QNT) rose the most: 7.9% to the price of $89.91.

While stocks have been reacting positively to the potential reopening of US government soon, the crypto market hasn’t been as easily moved and remains highly cautious. It continues to wait for clearer global macroeconomic and geopolitical signals.

According to Glassnode analysts, BTC remains in “a mild bearish phase.” It’s trading between $97,000 and $111,000, “with resistance near $116,000 marked by top-buyers’ supply cluster.”

Both on-chain and off-chain signals show a consolidating market, “stabilizing yet not yet ready to confirm a bullish reversal,” the weekly report states.

Meanwhile, Greg Waisman, Chief Operating Officer at payment infrastructure platform Mercuryo, commented that, despite the recent sell-offs, “the retail market has not lost faith in cryptocurrency.”

“Mercuryo had seen daily fluctuations of about 20 per cent — both negative and positive — which is characteristic of normal market conditions. Overall, volumes remain robust,” Waisman said in an email comment.

October’s Black Friday crypto crash affected 1.6 million traders and wiped nearly $800 billion from market cap, the exec highlighted. It also “hit leveraged traders the hardest.” $19 billion in positions were liquidated.

Why It Matters

Crypto Winners & Losers

Ethereum (ETH) is up by 0.8%, now changing hands at $3,502. This is the second-highest increase among the top 10. Lido Staked Ether (STETH) saw the same change.

Details

The highest rise in the category is 3.5% by XRP, which now trades at $2.5.

At the same time, the highest decrease is 1.9% to Solana (SOL), which trades at $155.

Other coins are down below 1% each, some barely changing over the past days.

Looking at the top 100 coins, we find 80 of them in the red. Among these, Canton (CC) and Pump.fun (PUMP) saw double-digit drops. They’re down 11.6% and 10.2% to $0.1172 and $0.003883, respectively.

It’s followed by Zcash (ZEC), which is up 4% to $89.91.

Meanwhile, Taiwan’s government is getting closer to integrating BTC into its national reserve strategy.

Executive Yuan and Central Bank have agreed to evaluate the world’s number one crypto as a potential strategic asset and explore pilot holdings using seized BTC currently awaiting auction.

‘Not Yet Ready to Confirm a Bullish Reversal’

“Until renewed inflows or a clear macro catalyst emerge, Bitcoin appears bound to oscillate within this $97K–$111.9K corridor, with $100K remaining the psychological line of defence.”

Notably, buying patterns have remained “steady and resolute.” XRP and USDC have been outperforming.