As reported by TechFlow, the crypto market experienced a sharp sell-off in the week of November 18–23, with Bitcoin (BTC) and Ethereum (ETH) falling 13.15% and 14.13% respectively over seven days. The total crypto market cap dropped to $2.89 trillion, with stablecoins declining 0.68% in the same period. U.S. Bitcoin and Ethereum spot ETFs saw net outflows of $12.11 billion and $5 billion, respectively. Market sentiment remains extremely weak, with the Fear & Greed Index at 15 and RSI at 34.42. On November 20, Bitcoin briefly rebounded to $91,500 following a strong earnings report from NVIDIA, which fueled optimism about the AI-driven economic cycle. However, macroeconomic factors such as higher-than-expected U.S. employment data and reduced expectations for a December Fed rate cut continue to weigh on investor confidence.
Crypto Market Rebounds Slightly After Sharp Sell-Off Amid Macroeconomic Pressures
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