The cryptocurrency market continued to slide on 18 November 2025 as risk‑off sentiment gripped global markets. Bitcoin fell below the psychological $90 k mark, trading around $89,982 (≈ ₹79,82,716) and down nearly 2.3 % over 24 hours. The drop extends Bitcoin’s drawdown to almost 30 % from its October high and signals waning risk appetite amid doubts over U.S. interest‑rate cuts. Ether fared slightly better, dipping by 0.96 % to about $3,002 (≈ ₹2,66,593). In India, major trading platforms mirrored this weakness; 1‑day returns for Bitcoin and Ethereum were –5.24 % and –5.50 %, respectively.
Market overview
- Global cues: The sell‑off in cryptocurrencies is linked to broader market jitters. Traders cited doubts around future U.S. rate cuts and a broader pullback in risk assets as reasons for the slump. Ethereum has shed nearly 40 % of its value since August, and both coins have breached key support levels.
- Local cues: Indian exchanges showed steeper declines than the global average, partly due to rupee weakness. Stablecoin discussions remain prominent; a Visa executive recently highlighted that fiat‑backed stablecoins could cut cross‑border fees for India. Regulatory chatter also focuses on preparing for stablecoin adoption and increasing investor protection.
- Market breadth: Altcoins were mixed. A handful of smaller tokens posted double‑digit gains, but many popular altcoins slid sharply. Internet Computer (ICP) surged more than 10 % in rupee terms, while Avalanche (AVAX) and Cronos (CRO) lost over 6 %.
Bitcoin & Ethereum price movement
| Metric | Bitcoin (BTC) | Ethereum (ETH) |
|---|---|---|
| Price (approx. INR) | ₹79,82,716 (around $89,982) | ₹2,66,593 (around $3,002) |
| Price (approx. USD) | $89,982 | $3,002 |
| 24‑h % change | –2.3 % (down 2 % according to Reuters) | –0.96 % |
| 24‑h high | ₹81,77,780 (≈$92,247) – selling pressure kept BTC from recovering beyond $92 k | ₹2,70,387 (≈$3,050) – ETH briefly tested $3,050 before retreating |
| 24‑h low | ₹79,06,115 (≈$89,183) – BTC dipped below $90 k for the first time in seven months | ₹2,61,213 (≈$2,947) – ETH’s intraday low underscored fragile sentiment |
| Sentiment | Bearish – Bitcoin has erased 2025 gains and broken key support levels. Traders cite concerns over macro uncertainty and institutional selling. | Cautiously bearish – Ether remains under pressure, down ~40 % from its August peak, though losses are smaller than Bitcoin’s. |
| Commentary | Selling accelerated as global investors trimmed risk exposure. Analysts warn that the next support lies near $75 k. Despite the drop, long‑term holders view this as a healthy reset after the October rally. | Ethereum’s resilience relative to BTC is notable, but a decisive break below ₹2.6 lakh could invite more selling. Upgrades and scaling solutions keep developers engaged, offering a catalyst once sentiment stabilises. |
Top gainers (altcoins)
| Altcoin | 24‑h change | Commentary |
|---|---|---|
| Internet Computer (ICP) | +10.03 % | The decentralised‑web token rallied on optimism around Web3 infrastructure. Trading volume spiked as investors rotated into utility tokens. |
| Kinetiq Staked HYPE (HYPE) | +6.29 % | This staking derivative benefited from rising interest in liquid staking. Its small market cap made the price reaction outsized. |
| Hyperliquid (HYPL) | +6.13 % | The perpetuals‑focused exchange token climbed as derivatives volumes surged amid market volatility. |
| Provenance Blockchain (HASH) | +6.05 % | Investors sought exposure to asset‑tokenisation platforms; Provenance’s partnerships with financial institutions boosted sentiment. |
| Filecoin (FIL) | +5.87 % | The decentralised storage token gained on news of increased data‑storage demand and potential enterprise adoption. |
Top losers (altcoins)
| Altcoin | 24‑h change | Commentary |
|---|---|---|
| Pump.fun (PUMP) | –11.62 % | The meme‑inspired token slid sharply as speculative appetite waned. Its limited utility leaves it vulnerable during risk‑off periods. |
| Zcash (ZEC) | –11.12 % | Privacy‑coin sentiment weakened amid regulatory scrutiny. Thin liquidity amplified the decline. |
| Mantle (MNT) | –9.96 % | Despite being a layer‑2 token, Mantle’s tokenomics and low adoption led to heavy selling. |
| Avalanche (AVAX) | –6.49 % | Profit‑taking hit Avalanche after recent gains. Concerns over network congestion and competition from other L1s weighed on the price. |
| Cronos (CRO) | –6.03 % | The exchange‑chain token dipped as trading volumes on its native platform cooled, reflecting caution among retail traders. |
Top trending coins in India
Besides Bitcoin and Ethereum, Indian traders watched several other names. Tether (USDT) remained largely flat (₹88.56, +0.06 %), offering a refuge for those exiting volatile positions. XRP, BNB and TRON posted moderate declines of –4.13 %, –2.62 %, and –0.99 % respectively. Among mid‑cap tokens, Internet Computer, Filecoin and Avalanche were heavily traded, reflecting a shift toward utility‑driven projects.
Key coins to watch
Beyond short‑term gainers, analysts highlight several altcoins to watch in November. Research from Crypto Adventure notes that Solana, Chainlink, Sui, Arbitrum, Avalanche, Ondo, Injective, Pyth Network, NEAR Protocol, and ether.fi have catalysts ranging from new payment rails to cross‑chain messaging upgrades. Solana’s high throughput and growing payments adoption keep it at the centre of high‑beta rotations, while Chainlink benefits from increasing cross‑chain data movement. These projects may outperform once market sentiment turns.
Market updates and outlook for tomorrow
- Macro watch: Market participants will monitor U.S. macro data and central‑bank commentary. If rate‑cut expectations firm up, risk assets could stabilise. Conversely, continued hawkishness may push Bitcoin towards the next support near $75 k.
- Regulatory developments: Indian authorities are emphasising stablecoin readiness and investor protection. Any policy announcements could affect local sentiment.
- Altcoin catalysts: Upcoming ecosystem upgrades—for example, Solana’s fee‑reduction proposals and Chainlink’s CCIP expansion—could attract rotation. However, in a risk‑off environment, liquidity may remain tight.
- Tomorrow’s outlook: Expect cautious trading on 19 November 2025. Volatility is likely to persist as traders digest the latest price action. Bitcoin may struggle to reclaim $92 k, while Ethereum needs to hold above ₹2.6 lakh to avoid deeper losses. Keep an eye on the U.S. equity session for cues—any rebound could spill over into crypto. Meanwhile, select altcoins with tangible catalysts (Solana, Chainlink, Injective) may see relative strength, but risk management remains paramount.
To know everything crypto and bitcoin prices — download India’s trusted crypto app on Google Play now.
