Bitcoin Price Drops 20%, Stablecoin Market Cap Shrinks

Bitcoin’s price plunged 20% to below $81,000 in November 2025, while the stablecoin market shed $2 billion, highlighting macroeconomic pressures and technical signs like the ‘death cross’.

The market downturn underscores institutional and macroeconomic stress, triggering ETF outflows and widespread liquidations, while analysts point to significant shifts in market dynamics.

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The cryptocurrency market faces turbulence as Bitcoin experienced a 20% decline, with its price falling from $110,000 to lows around $80,553. This downturn is further marked by a significant $2 billion contraction in the stablecoin market cap.

Institutional investors, including public companies and private firms, now control approximately 17% of Bitcoin’s supply. Influential voices like Arctic Digital’s Justin d’Anethan and Nansen’s Nicolai Søndergaard provide expert commentary on the situation.

“Institutions finally came in a meaningful way, changing the pace, breadth, and timing of crypto price action” – Justin d’Anethan, Market Analyst, Arctic Digital source

This market shift saw Bitcoin hitting lows last seen in April 2025. The drop was compounded by technical indicators like the “death cross” and macroeconomic pressures. Stablecoins, including USDT, saw shifts, with Ethena’s USDe stablecoin falling 26.8% in market cap.

The market’s financial implications are extensive, with $19 billion in trader liquidations within 24 hours and significant outflows from Bitcoin ETFs. Analysts attribute these changes to pivotal institutional and macroeconomic factors over retail speculation.

Expert analyses suggest continued impacts on market liquidity and regulatory clarity. Historical precedents draw parallels with the notable contractions during the 2022 crypto crisis, illustrating ongoing risks and potential regulatory adjustments that remain in the spotlight.