The Crypto Crash: What’s Happening?
The cryptocurrency market has entered a steep bearish trend, leaving investors and traders on edge. As of November 7, 2025, the total crypto market capitalization stands at $3.34 trillion, significantly lower than its recent highs. Daily trading volumes have stagnated around $162 billion, reflecting hesitant buyer activity amidst the ongoing downtrend.
Bitcoin, the market leader, is currently trading near $100,780, marking a 2.38% drop over the last 24 hours and an 8% decline for the week. Other cryptocurrencies like Ethereum, Solana, and XRP are also struggling, with Solana seeing a sharp 17% drop in just a week.
Bitcoin Price Update: The Bears Take Control
The Bitcoin price chart reveals a breakdown below critical support levels, emphasizing growing bearish momentum. The cryptocurrency has fallen below its 9-day and 21-day moving averages, with the 200-day simple moving average (SMA) at $110,195 now acting as a significant resistance level. Analysts suggest that this barrier could prevent Bitcoin from regaining upward momentum unless a robust reversal occurs.
Technical indicators further support bearish projections. The RSI (Relative Strength Index) has dropped to 43, signaling weakened momentum, while the MACD indicator highlights a bearish crossover. With histogram bars widening, further price drops appear likely unless BTC swiftly climbs above the $106,000 resistance zone.
What Analysts Are Predicting for Bitcoin: A Drop To $90K?
Market experts warn traders to brace for potential lows near $90,000. The first major support level lies at $92,870, with $90,000 predicted as the zone where significant buying interest could occur. However, if Bitcoin fails to effectively stabilize at these levels, losses could extend into the mid-$80,000 range, particularly if macroeconomic factors like ETF withdrawals worsen market sentiment.
For investors and traders, the narrative remains bearish, with hopes pinned on Bitcoin forming a confirmed reversal pattern. Until then, the psychological $100,000 mark is the level to monitor as the short-term pivot point for either recovery or further capitulation.
Stay Ahead of the Crypto Market Trends
While falling prices might seem discouraging, it’s an excellent time to reassess your investment strategy and explore tools designed for volatility protection. For example, hardware wallets such as the Trezor Model T provide secure storage for your digital assets, offering peace of mind during uncertain times. By securing your crypto holdings with a trusted device, you can take proactive measures to safeguard your investments against market fluctuations.
Stay informed and adopt a long-term strategy to make informed decisions in these turbulent times. Sign up for the latest updates and insights on cryptocurrency trends to ensure you stay one step ahead.
