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Crypto Pulse Daily: Crypto Market Crash Wipes Out $1B Ahead of Options Expiry
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CoinGape Newsletter
November 21, 2025
Michael Saylor’s Strategy is in danger of losing its place on a number of leading equity indices, including the Nasdaq 100. This comes as the crypto market crash continues to worsen day after day.
Crypto market crash sees no signs of stopping, with $1.35 trillion in market cap wiped out since October. Over the past 24 hours, another $1 billion in Bitcoin, Ethereum, Solana, XRP, and other top altcoins were liquidated.
 Ethereum price has dropped below $2,700 as recent US jobs data weakens hopes for an interest rate cut. The wider crypto sector has fallen 10% in the last 24 hours, and the week has fallen 15%. Ether has dropped by 10%, and it is still in a bear market. There have been over $2 billion in liquidations leading to cascading margin calls. Bitcoin is also not doing very well, continuing around $83,000 with the same percentage of loss. The crypto market is under further pressure as Nvidia’s income prospects are diminishing, and equities are negative. Moreover, both ETFs track Bitcoin and Ethereum have registered four days of outflows in a row, continuing the fall in the market |  Dogecoin price has recently struggled to maintain levels above $0.15, following a decline of 12% over the past week. The cryptocurrency was unable to hold the key $0.20 support level, contributing to its downward trend. Questions remain if the DOGE price will hover above $0.15 level or will crash further. This fall reflects the general downward trend in the crypto market that fell 1.95% in the past 24 hours and 12% in the past week. The decrease of major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and XRP also indicated a larger market decline. |