The crypto market crash continues with no end in sight as the total market cap dropped to $3.19 trillion on Nov. 18, down 14% within the last 30 days.
Bitcoin, which hit the record high of $126,198.07 in early October, recently fell as low as $89,300. It is currently exchanging hands at $93,092.12, down 15% in a month.
Related: Popular crypto company shuts down as Bitcoin crashes
Ethereum (ETH) is struggling to hold north of the $4,000 price level. It was trading at $3,146.41, down 20% in a month.
XRP was exchanging hands at $2.22 at the time of writing, down 7% in a month.
The ongoing crypto crash is one of the worst ever in the short history of digital assets. The overall sentiment now is similar to the one felt after the crash following President Donald Trump's "Liberation Day" announcement in early April.
On Apr. 2 this year, Trump announced a broad package of "reciprocal tariffs" on imports from other countries to the U.S. He dubbed it “Liberation Day,” saying the tariff war would liberate the U.S. from what he described as the world’s unfair trade practices.
Trump's shocking announcement crashed the stock market, and the crypto market, increasingly tied to the traditional market, didn't escape the heat either. The total crypto market cap fell as low as $2.42 within days of the announcement and took some time to recover.
However, progress on a slew of crypto legislation in the U.S. over the next months had the crypto market rallying and Bitcoin hit a new all-time high on Oct. 7.
But Trump's another tariff shocker against China on Oct. 10 sent the crypto market crashing and there doesn't seem to be an end to the sell-off.
More News:
Crypto Fear and Greed Index enters 'extreme fear' zone
The crypto trading community is going through a stressful phase — a phenomenon captured well by the Crypto Fear and Greed Index.
The index is arrived at by analyzing data related to crypto market volatility, momentum, social media activity, dominance, and Google Trends, and it reflects the dominant sentiment among the crypto traders.
As per CoinMarketCap , the Crypto Fear and Greed Index dropped to 15 — “Extreme Fear” — on Nov. 18.
Source: Crypto Fear and Greed Index, CoinMarketCap" loading="lazy" class="yf-lglytj loader p_maxWidth" width="100%" style="; max-width:300px;"/>
The last time the index fell into this zone was on Apr. 9, only seven days after Trump's "Liberation Day" announcement.
This story was originally reported by TheStreet on Nov 18, 2025, where it first appeared in the Trading News & Analysis section. Add TheStreet as a Preferred Source by clicking here.
