Why Is Crypto Up Today? – November 19, 2025

What Happened

Crypto Winners & Losers

Ethereum (ETH) is up by 1.2%, now changing hands at $3,061.

The highest increase in this category today is 2.2% by Binance Coin (BNB), which currently stands at $930.

Market Context

The crypto market is up today after several days of notable drops, with the cryptocurrency market capitalisation increasing by 0.9%, now standing at $3.21 trillion. 85 of the top 100 coins have gone up over the past 24 hours. At the same time, the total crypto trading volume is at 181 billion.

At the time of writing, all top 10 coins per market capitalization have seen their prices rise over the past 24 hours.

Bitcoin (BTC) has appreciated by 1.5% since this time yesterday, currently trading at $91,381.

On the other side, two coins also saw double-digit drops. Monero (XMR) is down 10.4% to $363, while Internet Computer (ICP) fell by 10.3% to the price of $5.

Meanwhile, according to on-chain data shared by analyst GugaOnChain, the market’s Composite Index fell to its lowest level since April 2025, a move which historically precedes sharper pullbacks. It indicates that BTC could revisit the $87,000 zone.

‘Any Renewed Macro Pressure Could Easily Force Prices Lower’

According to Robin Singh, CEO of the crypto tax reporting platform Koinly, “Bitcoin appears to be settling into a period of directionless trading, gradually hovering around the low $90,000s and offering little relief to traders who came into November expecting a decisive rebound.”

The price is now sitting near $90,000, which is notably below its opening level for the year. The slide beneath $100,000 has seen sentiment plunge sharply, Singh writes in an email.

Now, “the market is trying to determine whether this is a temporary cooling-off phase or the early stages of a more prolonged reset. For now, conviction remains thin, and any renewed macro pressure could easily force prices lower.”

Moreover, a push back toward $95,000 or even a retest of $100,000 isn’t off the table, he argues. However, this “may require a clear macro catalyst emerging such as more market confidence in a US Federal Reserve rate cut in December, which the market is unsure about and not ready to price in confidently.”

That said, it also fell 11.1% in a week, trading in a range between $89,455 and $105,023. It is now 27.3% away from its all-time high of $126,080.

Why It Matters

This comes as expectations of a December US Federal Reserve rate cut fade, while risk appetite thins. Moreover, even whales and long-term holders have decided to sell some of their holdings this time around.

Singh concludes that forecasts from earlier in the year that projected BTC at $250,000 by the end of this year “now seem increasingly far-fetched. With just over a month left in 2025 and momentum on shaky ground, those targets may seem more aspirational than realistic.”

If the coin resists falling below the $83,800 zone, it could move towards $96,000 and $99,000. However, if it fails to do so, lower levels could await, possibly around $74,500.

Details

It’s followed by Dogecoin (DOGE)’s 2.1% to $0.1582.

Tron (TRX) is up the least, practically not changing over the past day: 0.1% to $0.2877.

When it comes to the top 100 coins, 85 are green at the time of writing. Among these, two saw double-digit gains. WhiteBIT Coin (WBT) is up by 19.5% to $60.63, while Cronos (CRO) appreciated 11.4% to $0.1134.

Levels & Events to Watch Next

At the time of writing on Wednesday morning, BTC stood at $91,381. Over the past day, the coin initially saw a surge to the intraday high of $93,668, but it then plunged to the low of $90,021.

Ethereum is currently changing hands at $3,061. It rose to the day’s high of $3,162 before dropping to the lowest point in 24 hours (by the time of writing) of $2,995, which was followed by a moderate recovery.

Over the past week, ETH traded between the intraweek low of $2,980 and the intraweek high of $3,580. Overall, it’s down 10.6% in a week and 38% from its ATH of $4,946.