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Crypto Market Summary: Last 24 Hours (as of November 22, 2025) The cryptocurrency market showed signs of recovery after a turbulent period, with the global market capitalization climbing to approximately $2.86T, marking a +2.14% increase over the past day. This rebound follows a sharp sell-off earlier in the week, where over $2B in leveraged positions were liquidated, including $966M in Bitcoin longs and $407M in Ethereum longs, exacerbating a liquidity crunch that pushed prices toward April lows. Trading volume dipped significantly to $180.23B, down 33.15%, reflecting reduced activity amid ongoing volatility. Bitcoin dominance rose slightly to 58.36% (+0.27%), underscoring its stabilizing influence. Standout performers in the top 100 included Bitcoin Cash (BCH) surging +21.46% on renewed interest in scalable alternatives, and Zcash (ZEC) up +16.90% amid privacy coin hype. On the flip side, Internet Computer (ICP) faced a steep decline, breaking key support levels in a high-volume downtrend. Major News and TrendsBitcoin's Rollercoaster: -BTC briefly dipped to $82K during the liquidation frenzy but bounced back above $84K, buoyed by Fed Governor Williams hinting at a potential December rate cut (now priced at >70% probability by markets). Short-term realized losses hit levels reminiscent of the FTX collapse, highlighting persistent stress. -Ethereum and Altcoins: ETH mirrored BTC's recovery but remains down ~11% weekly. Broader altcoins like SOL and XRP edged higher, though the sector erased ~$1.2T in value over the past six weeks. -ETF and Institutional Buzz: Grayscale's DOGE and XRP ETFs are slated for NYSE launch on Monday, hot on the heels of Bitwise's XRP ETF debut. Ark Invest scooped up ~$40M in crypto equities (e.g., Coinbase, Circle) for the second straight day, betting on a bottom. -Other Highlights: Fanatics partnered with Crypto.com for prediction markets, set to launch soon. Meanwhile, MicroStrategy's stock (tied to BTC holdings) marked its worst drawdown since 2020, down exactly one year from its all-time high. Overall, the market remains on edge ahead of a $4.2B crypto options expiry (39K BTC and 185K ETH contracts), with macro factors like ETF outflows and whale activity adding pressure. Traders are watching for deeper corrections or a Fed-fueled rally—stay tuned for volatility.
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