The cryptocurrency market experienced a significant downturn on Friday, November 14, 2025, with Bitcoin leading a sharp decline that pushed its value to levels not seen in half a year.
Market Plunge: The Key Details
Bitcoin dropped by 5% during Friday's trading session, ultimately falling to $94,483. This substantial decrease reflects a broader risk-off sentiment that has taken hold across global financial markets. The world's largest cryptocurrency extended its recent losses, reaching price points last witnessed six months ago.
By 7:48 am ET, Bitcoin had slightly recovered from its intraday low but was still trading down 4.59% at $95,053.54. The selling pressure was not isolated to Bitcoin alone, as Ethereum, the second-largest digital asset by market capitalization, followed a similar downward trajectory. Ethereum dropped 4.36% to $3,088.78, mirroring the bearish sentiment dominating the crypto space.
What's Driving the Crypto Sell-Off?
This renewed investor caution stems from several concurrent factors creating a perfect storm for riskier assets. A primary driver is the fading hope for near-term interest rate cuts by the U.S. Federal Reserve. When the prospect of lower rates diminishes, assets like cryptocurrencies, which thrive in low-rate environments, become less attractive to investors.
Simultaneously, the market is grappling with renewed concerns over general liquidity. Adding to the volatility is a growing unease regarding the high valuations of technology stocks, which has contributed to a general flight from risk across multiple asset classes. This combination of factors has created a challenging environment for digital currencies, leading to the pronounced sell-off observed on Friday.
Implications for the Market
The sharp decline signals a period of heightened uncertainty for cryptocurrency investors, particularly in growing markets like Nigeria where crypto adoption continues to expand. The drop below the psychologically important $95,000 level and the breach of six-month support levels could indicate further volatility ahead as the market digests the evolving macroeconomic landscape.
