Crypto Market Declines as Bitcoin Weakness Persists Amid Broader Financial Concerns

London, United Kingdom – The crypto market faced significant losses this week, with Bitcoin down more than 30% from its all-time highs earlier this quarter. As of November 21, 2025, the total market capitalization collapsed to $3.053 trillion, down from $3.435 trillion the week prior, marking an 11.12% decline.

Bitcoin experienced an 11.6% decrease, while the overall market showed continued weakness, with altcoins also down significantly. This week’s peak saw $695 million in long positions liquidated in a single day, further contributing to the downward trend.

Notable market activities included Kraken‘s announcement of a confidential draft registration statement for a proposed initial public offering (IPO). Additionally, Michael Saylor’s Strategy acquired 8,178 BTC, raising their total holdings to 649,870 BTC.

The lack of confidence in Bitcoin stems not only from its underperformance compared to traditional assets like gold and stocks but also from significant selling pressure from early investors and institutions. Bitcoin OG, Owen Gunden, notably sold his remaining 2,500 BTC via Kraken, adding to the bearish sentiment.

In response to these market challenges, Ethereum introduced the Ethereum Interop Layer (EIL), aimed at improving interoperability across its Layer 2 ecosystem. Projects such as MegaETH and Aztec also made headlines with launches of new platforms designed to enhance user engagement and functional capabilities within the Ethereum network.

Amidst the market downturn, various crypto firms reported recent funding successes. The AI-native defense platform Doppel raised $70 million in a Series C funding round, while other projects like Deblock and Obex also secured significant investments to further their developments.

The situation remains dire as analysts warn of risks associated with quantum computing that could threaten Bitcoin’s security before 2028, raising further concerns among investors. The series of market developments highlights the growing challenge for crypto assets amidst economic uncertainty.