Crypto Carnage: Bitcoin Plunges Below $82K As Panic Selling Grips Markets

Digital assets bled red across the board today as Bitcoin shattered critical support levels, tumbling below $82,000 in a brutal market rout.

Fear Spreads Like Wildfire

Panic selling triggered a cascade of liquidations across major exchanges. The fear gauge spiked as traders scrambled for exits, creating a classic capitulation scenario that wiped billions from market caps in mere hours.

Technical Breakdown Accelerates

Key moving averages offered zero resistance as selling pressure intensified. The breakdown below $82,000 opened the floodgates for further downside, with algorithmic traders amplifying the downward momentum.

Market Psychology Turns Toxic

Sentiment flipped from greedy to fearful in record time. The sudden reversal caught many positioned bulls off-guard—proving once again that crypto markets move faster than traditional finance can even process the paperwork.

This dip represents either a catastrophic failure or the buying opportunity of the decade—depending on whether you're looking at your portfolio or your shopping list.

Source: Google

Macro-economic and valuation factors have driven Bitcoin below $82k, erasing its YTD gains and sending it down 6.54% so far this year. Other altcoins have also been hit by the bearish pressure, with ETH, the second-largest cryptocurrency, down 43% from its October high. 

While panic spreads in the crypto market, savvy investors are watching projects like bitcoin Hyper that are still sustaining the bear carnage. Despite weak market conditions, the HYPER presale has raised more than $28.2 million and is approaching its next price tier quickly.

Weakening Rate Cut Expectation and Institutional Outflow

The crypto market has seen one of the deadliest sell-offs in recent weeks in 2025. This decline has left investors questioning why is crypto down today, as overall market sentiment weakened amid growing economic uncertainty.

Recently released U.S. labor data has added more pressure to the market. Thursday’s report showed stronger hiring than expected after the US government shutdown-related data gap. With the job market still firm, analysts believe the Federal Reserve may keep rates unchanged at its next meeting.

Source: CME FedWatch

Rate-cut expectations have weakened sharply, with many arguing that interest rates may remain unchanged at the next Fed meeting. CME FedWatch shows traders now see only a 56.6% chance of a 25 bps cut in December, down sharply from 63.8% just a week earlier.

Demand from institutions also signals a bearish momentum. Spot Bitcoin ETFs have seen nearly $3 billion in outflows in November. BlackRock’s IBIT and Fidelity’s FBTC posted their highest redemptions yet, signaling large investors are reducing their crypto exposure for now.

$1.7 Billion Crypto Liquidations Hit the Market

With major cryptos, including Bitcoin and Ethereum, dropping by more than 30% over the past few weeks, over $1 billion in liquidations in 24 hours has become the new normal. In the past 24 hours, over $1.7 billion in Leveraged positions were wiped out as Bitcoin approached $80,000.

Source: Coinglass

Long traders took the biggest hit as selling pressure surged across major derivatives platforms. Bitcoin’s drop pulled ethereum and top altcoins down with it, triggering rapid liquidations on Hyperliquid, Binance, and Bybit.  The entire shakeout unfolded quickly, adding even more stress to an already tense market.

Bitcoin Hyper Crosses $28.2 Million Milestone Amid Market Turmoil

While broader experiences intense selling pressure, the emerging layer-2 project Bitcoin Hyper (HYPER) is acting entirely differently. With strong investor support and ecosystem developments, the project has raised $28.2 million in its ongoing presale, with the token priced at $0.013305 at this stage. 

Bitcoin Hyper brings Solana-style speed to Bitcoin by running the Solana VIRTUAL Machine (SVM) as a Layer 2 while still relying on Bitcoin for final settlement. This lets BTC users tap into fast, low-cost smart contracts without handing control to any middleman.

The idea has caught on quickly with investors believing it is its mission to transform Bitcoin’s utility. HYPER presale has already sold more than 620 million tokens in its presale, and its 41% APY staking option lets holders steady their returns and earn passive income while they wait for the token to hit exchanges.

Buy Bitcoin Hyper Here

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