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Crypto Market Plunges Amid Broad Risk Aversion Ahead of Black Friday

Crypto Market Plunges Amid Broad Risk Aversion Ahead of Black Friday

Author:

Global Cryptocurrency

Published:

2025-11-21 07:29:02

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BTCCSquare news:

Digital assets faced a brutal selloff as global risk sentiment collapsed, erasing billions in market value within hours. Bitcoin and ethereum led the decline, dragging sector indices into negative territory. The rout mirrored traditional markets, where the S&P 500’s 4% drop vaporized $2.7 trillion in equity value.

Federal Reserve rate cut expectations evaporated—down to 35% from 93% a month ago—amplifying the carnage. Crypto’s Fear & Greed Index hit 11, signaling 'Extreme Fear.' Total market capitalization fell 6.31% to $2.95 trillion, while the CMC 20 index dropped 6.91% to $182.80. Oversold conditions prevailed, with the average RSI at 38.88.

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