Crypto Market Plummets, Bitcoin Dips Below $95K
Update: 2025-11-14
Description
November 14th saw a significant crypto market downturn, with Bitcoin dropping below $95,000 and other major cryptocurrencies like Ethereum and Solana also experiencing sharp declines. This marked the third time this month that Bitcoin fell under $100,000, reflecting a challenging period for investors. The Nasdaq also fell by 1.5%, and crypto-related stocks like MicroStrategy, Coinbase, and Robinhood saw their shares fall by 7-9%. The Crypto Fear and Greed Index indicated Extreme Fear, suggesting a widespread lack of confidence among investors. Despite this, some analysts maintain a long-term bullish outlook for Bitcoin and the broader crypto space, citing factors like an anticipated easing cycle, growing institutional adoption, and increasing regulatory clarity. Meanwhile, Jack Dorseys Cash App announced plans to introduce stablecoin payments on Solana, and Canarys XRP exchange-traded fund debuted with $58 million in volume, marking the biggest exchange-traded fund launch of the year.
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