Crypto Markets Plummet, US Investors Cautious
Update: 2025-11-12
Description
November 12th saw a significant drop in cryptocurrency markets, with Bitcoin falling below $102,000 and Ether dipping below $3,400. Major altcoins like Solana and XRP also experienced losses. Crypto-related stocks, including Circle and mining companies, saw declines ranging from 5% to 10%. This trend of weak investor appetite in the US, indicated by a negative Coinbase Premium since late October, mirrors a period in March and April when Bitcoin fell from over $100,000 to $75,000. The uncertainty surrounding the Federal Reserves interest rate decisions and lack of positive catalysts are keeping Bitcoin on edge, with over $1.8 billion in net outflows from US-listed spot Bitcoin ETFs since the Feds October meeting.
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