Ethereum

The Sandbox

Arbitrum

Lido DAO

Bitcoin

<h2 class="wp-block-heading" id="h-institutional-moves-add-pressure"><strong>Institutional Moves Add Pressure</strong></h2>  
<p>The cryptocurrency market’s fall is largely driven by institutional activity and the upcoming derivatives expiries. The due $9.4 billion in Bitcoin options and $1.3 billion in Ethereum options are creating volatility as traders adjust positions, leading to widespread liquidations. Notably, Bitcoin ETFs saw a daily net outflow of $438 million. While BlackRock’s IBIT recorded a $267 million inflow, Bitwise BTC lost $280 million, revealing contrasting market views.</p>  
<p>The industry experienced $489 million worth of liquidations, affecting 186,000+ traders in a mere 24 hours. As a result, the crypto industry’s market cap fell by $16 billion, and now hovers around $3.27 trillion.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-altcoins-react-amid-volatility"><strong>Altcoins React Amid Volatility</strong></h2>  
<p>Bitcoin’s 3.72% drop weighed heavily on the broader market, pulling down major altcoins like Solana (-6.19%) and XRP (-1.48%). Ethereum, however, showed resilience, gaining 1.09% as investors diversified. Uncertainty hit smaller tokens harder, with The Sandbox plunging 16.80%, marking it as the day’s top loser.</p>  
<p>Explore our in-depth <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Price Prediction</a> to analyze whether BTC can break the psychological $100k barrier anytime soon.</p>  
<h2 class="wp-block-heading" id="h-top-performers-amid-chaos"><strong>Top Performers Amid Chaos</strong></h2>  
<p>Despite the downturn, some tokens surged, showcasing trading interest in decentralized finance (DeFi). Lido DAO (+7.67%), Uniswap (+6.07%), and Arbitrum (+5.34%) led the gainers, signaling pockets of optimism.</p>  
<h2 class="wp-block-heading" id="h-faqs"><strong>FAQs</strong></h2>  
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732604193623"><strong class="schema-faq-question"><strong>1. Why did the crypto market drop today?<br></strong></strong>
  <p class="schema-faq-answer">The market decline is attributed to upcoming Bitcoin and Ethereum option expiries, widespread liquidations, and institutional sentiment reflected in ETF outflows.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1732604215921"><strong class="schema-faq-question"><strong>2. How much was liquidated in the last 24 hours?<br></strong></strong>
  <p class="schema-faq-answer">Over $489 million in liquidations were recorded, impacting more than 186,000 traders.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1732604234745"><strong class="schema-faq-question"><strong>3. Are there any coins gaining today?<br></strong></strong>
  <p class="schema-faq-answer">Yes, Lido DAO (+7.67%), Uniswap (+6.07%), and Arbitrum (+5.34%) were top gainers despite the market downturn.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1732604248761"><strong class="schema-faq-question"><strong>4. What’s the current sentiment in the market?<br></strong></strong>
  <p class="schema-faq-answer">The Fear &amp; Greed Index is at 84, indicating <em>Extreme Greed,</em> even amidst the market’s volatility.</p>
 </div>
</div>

Why Is the Crypto Market Down Today?

Table of Contents

CoinPedia News

Other articles published on Nov 26, 2024

Uniswap v4 Bug Bounty Program Launched With Biggest Rewards Ever

The AI-Crypto Market: A Passing Trend or the Future of Web3?

WisdomTree Takes Bold Step with XRP ETF Filing

OpenLedger Taps io.net’s Global GPU Resources in Groundbreaking Partnership

Keanu Reeves Enters the Meme Coin Arena: Meet KNU

WisdomTree Registers in Delaware for XRP ETF

Join our free newsletter for daily crypto updates!