Crypto Market Update: Bitcoin and Altcoins Slide Amid ETF Outflows and Precious Metals Rally on November 14, 2025
On November 14, 2025, the crypto markets saw significant declines, with Bitcoin falling below the $100,000 mark and experiencing over a 9% drop for the month, slipping under a key on-chain support level. Ethereum, Solana, and Dogecoin also fell between 11% and 20%, while XRP declined by approximately 7%.
This weakness in cryptocurrencies coincides with a notable $869.86 million outflow from eleven U.S.-listed spot Bitcoin ETFs on Thursday—the second-largest on record—and a $259.72 million outflow from Ether ETFs, marking their largest since October 13. Over the past three weeks, these Bitcoin ETFs have seen cumulative outflows of $2.64 billion. These movements reflect rising risk-off sentiment on Wall Street.
Crypto sectors including NFTs, Layer 1s, DeFi, CeFi, and meme tokens also traded lower, mostly down between 2% and 7%. Despite this, some pockets of strength were observed in tokens such as STRK, MOG, and TEL. On-chain data suggests institutional accumulation: Anchorage Digital recently received about 4,094 BTC, valued near $405 million, transferred over nine hours from Coinbase, Cumberland, Galaxy Digital, and Wintermute.
Precious metals rose alongside crypto weaknesses. Gold gained roughly 4% and silver surged about 9% in November, driven by fiscal health concerns globally—Japan's debt-to-GDP ratio exceeds 220%, the U.S. is above 120%, France and Italy surpass 110%, and China's non-financial debt is over 300%. These issues, along with highlighted Eurozone debt challenges, have bolstered gold's appeal amid market uncertainties.
Meanwhile, the dollar index rally faded after hitting resistance near 100, a development that generally favors both crypto and precious metals prices. However, crypto markets remained soft, facing additional concerns about credit risk to digital asset treasuries (DATs) and growing DAT formation, which could prompt forced selling if credit markets tighten.
In ETF news, Canary Capital announced plans to pause new crypto ETF filings for the remainder of 2025 after launching its XRP ETF, which registered about $58 million in trading volume—one of the year's most successful ETF launches. While a Solana ETF remains pending, Canary CEO Steve McClurg emphasized a focus on managing existing products and monitoring regulatory actions by the SEC. Future filings will depend on assets meeting the SEC's generic listing standards or obtaining 19b-4 approval. XRP is viewed as more familiar to traditional finance players than Solana, possibly influencing ETF performance expectations.
Overall, November 14 exhibits a market environment of cautious institutional accumulation amid notable outflows, regulatory watchfulness, and a shift towards traditional safe havens like gold and silver.
