Market Correction Deepens as Bitcoin Falls Below $90,000 and Ethereum Dips Under $3,000
The cryptocurrency market extended its downturn for a third consecutive day, with major assets declining roughly between 2% and 7% over the past 24 hours as of November 18, 2025.
Layer-2 tokens were the hardest hit amidst the pullback: the overall Layer-2 sector dropped 7.13%, with Starknet down 21% and SOON plummeting over 30%, while MOVE saw a modest increase of about 2.7%.
Bitcoin fell 5.8% to below $90,000, wiping out its year-to-date gains, and Ethereum briefly dipped below the $3,000 mark.
Despite the widespread losses, some pockets of strength emerged. ICP gained more than 16%, while HYPE and Filecoin both rose about 4%. Additionally, approximately 80 of the top 100 cryptocurrencies outperformed Bitcoin, indicating a rotation in the market during the pullback.
Sectors including DeFi, CeFi, AI, and Meme tokens experienced declines, though certain tokens such as KAITO, UNI, and VELO bucked the overall negative trend.
This report provides up-to-the-hour live coverage of the crypto market moves on November 18, 2025.
