Crypto Prices Today, 19 November 2025: Bitcoin Slides Below $90K as ETF Outflows and New Solana & XRP ETFs Shake the Market

Crypto prices today are under heavy pressure again on Wednesday, 19 November 2025, with Bitcoin hovering just below the $90,000 mark, major altcoins in the red, and record flows in and out of crypto ETFs reshaping liquidity across the market. At the same time, new Solana and XRP spot ETFs are launching, and U.S. regulators are sending mixed but increasingly clearer signals on digital assets. ^[1]

Snapshot: Key crypto prices today (19 November 2025)

As of publication time, major cryptocurrencies are trading roughly at:

Bitcoin (BTC): ~$89,500, down about 3.6% in 24 hours ^[2]
Ethereum (ETH): ~$2,940, down about 6.0% ^[3]
Solana (SOL): ~$133, down about 6.1% ^[4]
XRP (XRP): ~$2.04, down about 8.5% ^[5]
BNB (BNB): ~$886, down about 5.2% ^[6]
Cardano (ADA): ~$0.45, down about 6.6% ^[7]
Dogecoin (DOGE): ~$0.15, down about 7.2% ^[8]
Avalanche (AVAX): ~$14.0, down about 5.0% ^[9]

Across the broader market, total crypto market capitalization is sitting around $3.0–3.1 trillion, roughly 4–5% lower over the past 24 hours, with Bitcoin dominance hovering near 57–59%. ^[10]

Earlier in the day, several outlets noted a brief relief bounce with BTC reclaiming $90K and major altcoins trading near support, but that rebound has faded into renewed selling as U.S. trading progresses. ^[11]

Bitcoin price today: Just under $90K after the “Great Bitcoin Crash of 2025”

Bitcoin remains the center of today’s crypto story.

Over the last six weeks, BTC has fallen roughly 27–30% from its early October all‑time high near $126,000, a drawdown now being called the “Great Bitcoin crash of 2025” in market commentary. ^[12]
Analysts at K33 Research describe the current slide as one of the steepest 40‑plus‑day corrections since 2017, as BTC once again slipped below $90,000 during Wednesday’s U.S. session. ^[13]
Intraday, Investing.com data show Bitcoin briefly trading around $88,800, before stabilizing slightly higher. ^[14]

Sentiment remains fragile. Coindesk’s live coverage highlights that BTC is defending a key support band between $88,000 and $90,000; a sustained break below that area would, in many analysts’ view, risk a deeper move toward the mid‑$80K zone. ^[15]

At the same time, technical watchers on 99Bitcoins and other crypto sites argue that repeated bounces from the $90K region, oversold momentum indicators, and massive derivatives deleveraging are classic ingredients of a potential bottoming phase, even if volatility remains high. ^[16]

How severe is the current crypto correction?

The numbers behind this sell‑off are substantial:

Roughly $1.2 trillion in crypto market value has been wiped out in just six weeks, according to figures cited in Reuters-based market commentary. ^[17]
Coingecko and CoinMarketCap data show global market cap down around 4–5% today, and significantly below its recent peak above $3.5 trillion. ^[18]
Coindesk notes that about $400 billion in value has vanished from the market in the most recent wave of selling alone. ^[19]

Macro headwinds are a big part of the story. With expectations for rapid U.S. interest‑rate cuts fading and equity markets wobbling, crypto has once again behaved like the most leveraged risk asset in the system, rather than a macro hedge. ^[20]

ETF outflows: $372M in one day and billions more in redemptions

One of the most important themes today is ETF flows, which are now materially affecting spot prices:

On 18 November, spot Bitcoin ETFs saw about $372.8 million in net outflows, led by BlackRock’s IBIT, which alone recorded more than $523 million in withdrawals. ^[21]
AMBCrypto’s read of Farside Investors data suggests that global crypto ETPs have now seen around $2 billion in redemptions across November, as institutional players unwind previously popular basis trades (long spot ETF, short futures). ^[22]
Investopedia reports that spot Bitcoin ETFs have logged five consecutive days of net outflows totaling nearly $2.3 billion, another sign that big money is stepping back after a euphoric start to the year. ^[23]

Some analysts stress that these outflows may be driven more by hedge funds closing structured trades than by retail panic, but the effect on price and sentiment is the same: less ETF demand, more selling pressure. ^[24]

Ethereum, Solana, XRP and BNB: Altcoins hover near critical support

While Bitcoin sets the tone, the rest of the large‑cap market is feeling the pain as well.

Ethereum (ETH) price today

Ethereum is trading around $2,940, down about 6% on the day and flirting with the psychologically important $3,000 support level. ^[25]

Market commentary from Crypto.news and other outlets notes that ETH has now dropped almost 40% from its 2025 highs, and analysts are watching whether leverage on major derivatives venues—particularly Binance—continues to build or finally flushes out. ^[26]

Solana (SOL): ETF launch day in a down market

Solana is changing hands near $133, down roughly 6% over 24 hours, but it’s also at the center of a major structural story: spot Solana ETFs are launching today in the U.S. ^[27]

Fidelity’s FSOL and Canary’s SOLC are among the new listings, with fees around 0.25% and some products integrating on‑chain staking. ^[28]
Analysts expect these products to draw meaningful institutional interest over time, but in today’s risk‑off environment, price action remains dominated by broader macro selling rather than ETF headlines. ^[29]

Technical analysts tracking Solana see the $130 area as a potential short‑term bottom zone after a steep drop from the $180 region earlier this month. ^[30]

XRP (XRP): Nine new ETFs, but price still sliding

XRP is trading around $2.04, down 8.5% on the day—despite an unprecedented wave of nine new XRP spot ETFslaunching across U.S. exchanges this week. ^[31]

24/7 Wall St. reports that issuers expect $4–8 billion in first‑year inflows across these ETFs, with early products already attracting hundreds of millions of dollars. ^[32]
So far, however, ETF excitement has not translated into higher spot prices; XRP continues to drift lower in line with the rest of the market. ^[33]

BNB, ADA, DOGE and AVAX

Other large caps are firmly in the red:

BNB is around $886, off roughly 5.2% over 24 hours. ^[34]
Cardano (ADA) trades near $0.45 (‑6.6%), while Dogecoin (DOGE) is about $0.15 (‑7.2%). ^[35]
Avalanche (AVAX) is around $14, roughly 5% lower on the day, even as its “Granite” mainnet upgrade is on the calendar for today. ^[36]

Coindesk’s intraday market report highlights that while most blue‑chip altcoins are down, some smaller tokens are seeing sharp relief rallies, especially those that were heavily sold during the recent $400 billion market cap wipeout. ^[37]

Regulation and policy: CFTC hearing, SEC pivot, banks cleared to hold crypto for gas fees

Alongside price action, regulatory headlines are a major driver of today’s news cycle.

Senate to grill Trump’s CFTC pick on crypto

The U.S. Senate Agriculture Committee is set to question Michael Selig, President Donald Trump’s nominee to chair the Commodity Futures Trading Commission (CFTC), with a strong focus on how he plans to oversee crypto markets. ^[38]
Lawmakers are debating the CLARITY Act, which would more clearly define when a token is a commodityversus a security, potentially handing the CFTC broader oversight of crypto spot markets. ^[39]

This hearing is widely seen as a key moment for the next phase of U.S. crypto regulation, and markets are sensitive to any hint that derivatives rules or enforcement priorities may change.

SEC exam priorities quietly drop dedicated crypto chapter

A widely circulated Bitget / ChainCatcher briefing points out that the U.S. Securities and Exchange Commission’s FY2026 Examination Priorities document has removed its dedicated chapter on crypto assets, instead folding digital assets into broader themes like fiduciary duty, custody, client information protection, and AI‑related risks. ^[40]

Some observers interpret this not as the SEC abandoning crypto, but as a sign that digital assets are being normalizedwithin the mainstream risk and compliance framework rather than treated as an exotic silo.

OCC greenlights banks to hold crypto for gas fees

The same briefing notes that the Office of the Comptroller of the Currency (OCC) has approved U.S. banks to hold cryptocurrencies specifically for paying blockchain “gas fees”, a niche but symbolically important change that could make it easier for traditional institutions to interact with public chains. ^[41]

Regulation isn’t uniformly restrictive: even as some rules tighten, others are making it simpler for institutional capital to integrate with on‑chain infrastructure.

New ETFs and institutional moves: Solana, XRP and corporate treasuries

Beyond Bitcoin ETFs and their outflows, today’s news is full of new products and institutional experiments:

Solana ETFs: Fidelity and Canary Funds are both launching spot Solana ETFs today, with some products incorporating staking to pass a portion of on‑chain rewards back to investors. ^[42]
XRP ETFs: Nine U.S. XRP ETFs are going live in rapid succession, with analysts projecting $4–8 billion in first‑year flows and one early product already logging about $245 million in first‑day inflows. ^[43]
Corporate treasuries: Nasdaq‑listed Onfolio Holdings has reportedly secured $300 million to build a digital‑asset treasury, with planned allocations to BTC, ETH and SOL, including staking. ^[44]
Kazakhstan is said to be lifting restrictions on crypto mining and trading, with new regulations to take effect in about two months—another sign of evolving global policy rather than outright bans. ^[45]

All of this underlines a paradox: institutional infrastructure around crypto is deepening, even as prices experience one of the harshest corrections since 2017.

Sentiment watch: Extreme fear, backwardation and Saylor’s “indestructible” thesis

Several indicators suggest the market is in “extreme fear” territory, but not necessarily in a structural bear market:

Coindesk notes that the Crypto Fear & Greed Index sits around 16, firmly in “extreme fear”, after weeks of elevated volatility and liquidations. ^[46]
Futures data show Bitcoin curves moving into backwardation, a condition where futures trade below spot, which historically has appeared near local bottoms (e.g., November 2022 and March 2023). ^[47]
99Bitcoins and other analysts highlight that over $1–1.1 billion in leveraged positions have been flushed out, and that BTC has repeatedly defended the $90K zone, classic hallmarks of capitulation-style resets. ^[48]

On the narrative side, one of the loudest bullish voices remains Michael Saylor, executive chair of Strategy (formerly MicroStrategy):

In a new interview, Saylor insists his company is “pretty indestructible” and explicitly says Strategy is engineered to survive an 80–90% drawdown in Bitcoin’s price while continuing to operate. ^[49]
He points out that an 80–90% drop from the $126K high would still leave BTC above or near levels where Strategy first started accumulating the asset in 2020. ^[50]

For traders, this split between fearful short‑term flows and ultra‑long‑term conviction holders is a defining feature of today’s market.

Key on‑chain and structural themes to watch today

Several structural and on‑chain dynamics are shaping how this correction might evolve:

Mass liquidations: Bitget and ChainCatcher estimate that $947 million to over $1 billion worth of leveraged positions were liquidated as BTC fell below $90,000, affecting more than 170,000 traders, mostly longs. ^[51]
Derivatives open interest: Futures open interest for BTC and ETH continues to edge lower, a sign that speculative capital is leaving rather than adding to risk—often a precondition for more durable bottoms. ^[52]
Backwardation & funding: Funding rates on many perpetual futures have cooled or turned mildly negative, and backwardation has appeared in some BTC maturities, underscoring the cautious positioning of traders. ^[53]
Protocol upgrades:
- The Neutron (NTRN) network is scheduled for a major upgrade tonight.
- The Avalanche “Granite” mainnet upgrade and a FIRO hard fork are also on today’s calendar, alongside several token listings and unlocks. ^[54]

These developments won’t move prices on their own, but they help shape the medium‑term fundamental backdrop that longer‑horizon investors care about.

What today’s crypto moves mean for investors

For anyone following crypto prices on 19 November 2025, a few key takeaways stand out:

This is a deep but (so far) typical bull‑market correction.
Drawdowns of 25–30% have occurred multiple times in previous cycles, often after overheated runs. Current conditions—ETF outflows, backwardation, extreme fear, and large liquidations—fit that mid‑cycle “reset” pattern more than a clear shift into a multi‑year bear market, according to several research houses. ^[55]
Macro will likely dictate the next big move.
Markets are fixated on upcoming U.S. economic data, Federal Reserve minutes, and Nvidia’s earnings, all of which could move risk appetite broadly—and by extension, crypto. ^[56]
Regulation is becoming clearer, not necessarily harsher.
The CLARITY Act, the CFTC nomination, the SEC’s changing exam focus, and the OCC’s guidance on banks holding crypto for gas fees all suggest a shift toward more structured, rules‑based oversight, rather than ad‑hoc crackdowns. ^[57]
Spot ETFs are redistributing risk across the ecosystem.
Bitcoin ETF outflows, new Solana and XRP ETFs, and mixed flows into alternative ETPs show that capital isn’t leaving crypto entirely—it’s repositioning across assets and structures. ^[58]
Volatility and risk remain extremely high.
From seven‑month lows in BTC to double‑digit intraday swings in altcoins, today’s tape is a reminder that crypto remains a high‑risk asset class where prices can move sharply on macro headlines, ETF flows, or liquidations.

Important notice

This article is for informational and news purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency is highly volatile and can result in total loss of capital. Always conduct your own research and, where appropriate, consult a licensed financial professional before making investment decisions.