Crypto Market Ends November Down $600B Despite Late Surge

CN
2 hours ago

The crypto economy closed the last week of November on the ascendancy, snapping a sharp downturn as bearish sentiment finally capitulated. This pivot gave way to renewed optimism that bitcoin might reclaim the robust price levels seen at the start of the month. Following a massive correction that saw the total market capitalization plunge well below the $3 trillion threshold, the sector staged a significant recovery, injecting over $200 billion in fresh capital to finish the week around $3.18 trillion.

This late-month resurgence offered a crucial signal that investor risk appetite was returning, fueled in part by improving macroeconomic sentiment regarding the U.S. Federal Reserve interest rate policy.

Despite this late surge, the crypto economy appeared poised to end the month with its market cap more than $600 billion lower, making its performance in November one of the worst in 2025. Driving this turnaround were crypto ETFs, some of which saw strong inflows during the week.

Bitcoin ( BTC), which at one point was 35% down from its October peak, ended the week around $90,500—about 7% higher—to bring its market cap back above $1.8 trillion. While the rally saw BTC briefly top $93,000 on Nov. 28, some experts are less sanguine about its upside potential.

To back this assessment, one report cites the sharp acceleration in exchange inflows, which may indicate that large holders are preparing to trim their holdings. Analysts believe the heightened inflows will likely sustain the downward pressure on prices, thus dashing hopes for a December rally.

Read more: From BTC to Altcoins, Cryptoquant Says Exchange Deposits Highlight Market Strain

Like BTC, many high-cap altcoins closed the week with gains exceeding 5%, while XRP, XLM, and XMR were the notable digital assets with double-digit gains over seven days. For XRP, the nearly 15% gain saw its market cap rise to $133 billion, helping it cement its number four status.

XMR’s 14% gain helped it overtake zcash (ZEC) to become the number one privacy coin by market capitalization. BOTX was the biggest gainer during the period by far after it jumped by 2,950%. It was followed by PIPPIN and WOJAK, which rose by 277% and 258%, respectively.

Meanwhile, ZEC and ASTER were some of the few notable digital assets to see red after they both tumbled by 11.4% and 11.6%, respectively. The biggest losers in the seven days ending Nov. 29 were FTN (49%), APR (44.4%), and SAHARA (41%).

  • What happened to the crypto market last week? It recovered over $200 billion, lifting total capitalization back to $3.18 trillion.
  • How did bitcoin perform? BTC rebounded 7% to around $90,500, briefly topping $93,000 before easing.
  • Which altcoins stood out? XRP, XLM, and XMR posted double-digit gains, while BOTX surged nearly 3,000%.
  • What risks remain? Rising exchange inflows suggest large holders may sell, limiting hopes for a December rally.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink