The crypto market is down today again, with the cryptocurrency market capitalisation decreasing by 0.8%, now standing at $3.57 trillion. About 80 of the top 100 coins have dropped over the past 24 hours. At the same time, the total crypto trading volume is at $183 billion. TLDR: The crypto market capitalisation is down by 1.8% on Thursday morning (UTC); 80 of the top 100 coins and 7 of the top 10 coins are down today; BTC decreased by 1.3% to $103,080, and ETH increased by 0.8% to $3,502; Both on-chain and off-chain signals portray a market in a state of consolidation; Until renewed inflows or a clear macro catalyst emerge, BTC could continue to oscillate within the $97,000–$111,900 range; Investors and traders remain highly cautious; Retail spot traders are showing notable resilience despite recent price falls; Taiwan is considering integrating BTC into its national reserve strategy; US BTC spot ETFs saw $277.98 million in outflows on Wednesday, and ETH ETFs said goodbye to $183.77 million; Canary Capital has filed to launch the first US ETF tied to MOG Coin; Crypto market sentiment drops slightly within the fear territory. Crypto Winners & Losers At the time of writing, 7 of the top 10 coins per market capitalization have seen their prices decrease over the past 24 hours. This is two less than yesterday. Bitcoin (BTC) has dropped by 1.3% since this time yesterday, currently trading at $103,080. Bitcoin (BTC) 24h 7d 30d 1y All time Ethereum (ETH) is up by 0.8%, now changing hands at $3,502. This is the second-highest increase among the top 10. Lido Staked Ether (STETH) saw the same change. The highest rise in the category is 3.5% by XRP , which now trades at $2.5. At the same time, the highest decrease is 1.9% to Solana (SOL) , which trades at $155. Other coins are down below 1% each, some barely changing over the past days. Looking at the top 100 coins, we find 80 of them in the red. Among these, Canton (CC) and Pump.fun (PUMP) saw double-digit drops. They’re down 11.6% and 10.2% to $0.1172 and $0.003883, respectively. When it comes to the green coins, Quant (QNT) rose the most: 7.9% to the price of $89.91. It’s followed by Zcash (ZEC) , which is up 4% to $89.91. While stocks have been reacting positively to the potential reopening of US government soon, the crypto market hasn’t been as easily moved and remains highly cautious. It continues to wait for clearer global macroeconomic and geopolitical signals. Meanwhile, Taiwan’s government is getting closer to integrating BTC into its national reserve strategy . Executive Yuan and Central Bank have agreed to evaluate the world’s number one crypto as a potential strategic asset and explore pilot holdings using seized BTC currently awaiting auction. Taiwan’s central bank and Executive Yuan are evaluating Bitcoin as a strategic reserve asset, marking a major step. #Taiwan #Bitcoin https://t.co/M5QHzqeghp — Cryptonews.com (@cryptonews) November 13, 2025 ‘Not Yet Ready to Confirm a Bullish Reversal’ According to Glassnode analysts, BTC remains in “a mild bearish phase.” It’s trading between $97,000 and $111,000, “with resistance near $116,000 marked by top-buyers’ supply cluster.” Both on-chain and off-chain signals show a consolidating market, “stabilizing yet not yet ready to confirm a bullish reversal,” the weekly report states. “Until renewed inflows or a clear macro catalyst emerge, Bitcoin appears bound to oscillate within this $97K–$111.9K corridor, with $100K remaining the psychological line of defence.” Stuck in Limbo #Bitcoin consolidates above $100k, with support near $100K and resistance at $106K. ETF outflows, low leverage, and strong put demand highlight a cautious market still searching for conviction. Read the full Week On-Chain below https://t.co/t10bavA6dM pic.twitter.com/JmByEAqRBK — glassnode (@glassnode) November 12, 2025 Meanwhile, Greg Waisman, Chief Operating Officer at payment infrastructure platform Mercuryo , commented that, despite the recent sell-offs, “the retail market has not lost faith in cryptocurrency.” Notably, buying patterns have remained “steady and resolute.” XRP and USDC have been outperforming. “Mercuryo had seen daily fluctuations of about 20 per cent — both negative and positive — which is characteristic of normal market conditions. Overall, volumes remain robust,” Waisman said in an email comment. Source: Mercuryo October’s Black Friday crypto crash affected 1.6 million traders and wiped nearly $800 billion from market cap, the exec highlighted. It also “hit leveraged traders the hardest.” $19 billion in positions were liquidated. However, “retail spot traders are showing notable resilience despite recent price falls.” Per Waisman, “what we’re observing may indicate that retail investors are increasingly focused on long-term accumulation rather than speculative, short-term trading.” “Some might say sentiment has rarely been more divided on the future price trajectory of the cryptocurrency market. In the face of such uncertainty, some retail investors appear to be placing regular buy orders as part of a more disciplined, long-term strategy,” he concluded. Levels & Events to Watch Next At the time of writing on Thursday morning, BTC trades at $103,080. The coin has seen a plunge from the highest daily point of $105,257 to the low of $100,992. It has recovered somewhat since. BTC is now down 0.4% in a week, 8.3% in a week, and 18.3% from its all-time high. Looking ahead, if BTC slips below $99,200, it may lead to a deeper pullback toward $96,200 and then $93,400, which is a stronger historical support. If it moves above $104,000, the coin could see a rally toward $107,500 and $110,900. Ethereum is currently changing hands at $3,502. Like BTC, ETH plunged from the intraday high of $3,583 to the intraday low of $3,374. Unlike BTC, ETH recovered better, even appreciating over the past day. It’s now up 3.1% in a week, down 12.9% in a week, and down 29.2% from its ATH. ETH found support at the $3,200 level over the past few days. Should it drop below this level, it could pull back further towards $3,000. However, a bullish momentum would see the price above $3,700 and possibly $3,850. Ethereum (ETH) 24h 7d 30d 1y All time Meanwhile, the crypto market sentiment has decreased very again, keeping a firm place within the fear zone. The crypto fear and greed index fell to 25 today , compared to 26 seen this time a day ago. It seems quite clear that investors and traders await additional signals that would indicate the market’s near-term trajectory. That said, the prices being pulled down presents a buying opportunity for the long-term holders. ETFs Return to Red The green ETF fields didn’t last long. On Wednesday, the US BTC spot exchange-traded funds (ETFs) recorded $277.98 million in outflows, following a single day of notable inflows. The total net inflow is back down to $60.21 billion, but it still stands above $60 billion. Four of the 12 BTC ETFs saw outflows, and there were no inflows. Fidelity’s outflows are the highest, standing at $132.86 million. It’s followed by Ark&21Shares’ $85.18 million. At the same time, the US ETH ETFs continued their outflow streak, recording another $183.77 million leaving on 12 November. Therefore, the total net inflow pulled back again, now to $13.57 billion. Of the nine funds, four recorded negative flows, and none saw positive flows. BlackRock and Grayscale let go of the most of this amount. The former said goodbye to $91 million and the latter to $49.35 million. Meanwhile, crypto fund manager Canary Capital has filed to launch the first US ETF tied directly to MOG Coin , a memecoin on the Ethereum network. This is the Canary’s debut launching a fund to track the price of a memecoin. The investment firm formally submitted S1 registration with the US Securities and Exchange Commission (SEC) . As the US government is expected to reopen, the SEC will be back to deciding on the ETFs submission, including a number of XRP-linked ETFs. NEW: @CanaryFunds files for a MOG ETF. pic.twitter.com/IUBkL4mF3E — James Seyffart (@JSeyff) November 12, 2025 Quick FAQ Why did crypto move against stocks today? The crypto market has decreased again over the past day, while the stock market closed somewhat higher on Wednesday. By the closing time on 12 November, the S&P 500 was up by 0.063%, the Nasdaq-100 decreased by that same amount, 0.063%, and the Dow Jones Industrial Average rose by 0.68%. Several major indexes closed higher amid hopes the 43-day long US government shutdown would end soon. The crypto market, however, is not reacting the same way, remaining highly cautious. Is this drop sustainable? This week’s drops are minor, but they’re persistent. They may last for a few days, with investors waiting for further and clearer signals on the market’s trajectory. You may also like: (LIVE) Crypto News Today: Latest Updates for November 13, 2025 The crypto market is down today again, with the cryptocurrency market capitalisation decreasing by 0.8%, now standing at $3.57 trillion. About 80 of the top 100 coins have dropped over the past 24 hours. At the same time, the total crypto trading volume is at $183 billion.Crypto Winners & LosersAt the time of writing, 7 of the top 10 coins per market capitalization have seen their prices decrease over the past 24 hours. This is two less than yesterday.Bitcoin (BTC) has dropped... 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