Bitcoin News Update: Crypto Crash Wipes Out More Than $1.1B, Triggering Ripple Effects in Stock Markets

At the start of November, the Crypto Fear & Greed Index inched up to 23, but remained deep within the "Extreme Fear" zone as

(ETH) and (BTC) experienced their sharpest drops in several months. The sharp downturn, fueled by excessive leverage and changing market mood, led to more than $1.1 billion in liquidations over a single day, according to . Ethereum slipped under $3,400, wiping out its gains for the year and posting its first negative result for 2025 since June. Bitcoin fell to an intraday low of $100,721, approaching the crucial $100,000 support threshold.

The selloff accelerated as traders rushed to close out leveraged positions. Over 303,000 accounts were liquidated, with $287 million in long trades erased in just one hour. Ether’s two-day, 20% plunge echoed the October 10 rout, with 10x Research’s Markus Thielen pointing to possible support between $2,700 and $2,800, as reported by

. High-volatility assets such as (SOL), , and also saw heavy liquidations as investors moved to cut risk.

Amid the turmoil,

(COIN) stood out as a rare positive in the crypto industry. The platform posted $1.9 billion in third-quarter revenue and a 55% increase in profits year-over-year, supported by higher trading activity and staking, according to . Its share price climbed 4.6% to $343.78, though it was still 3% below its peak for the week, as per . In contrast, BlackRock’s IBIT Bitcoin ETF saw significant outflows, losing $290.8 million in a single day as BTC’s slide unnerved institutional players.

Wider financial markets also showed signs of weakness. Asian stocks continued Wall Street’s downward trend, with South Korea’s KOSPI tumbling 4.1% amid global concerns about stock overvaluation,

reported. Both Bitcoin and gold briefly fell below important levels before recovering, while the U.S. dollar strengthened against the yen. Experts cautioned about a possible significant correction in equities, with Capital Group’s Mike Gitlin stating valuations are “between fair and full,” according to .

The simultaneous downturn in both crypto and traditional markets highlights growing investor unease. Ethereum’s drop to its lowest point in a year and Bitcoin’s test of the $100,000 mark reveal the sector’s vulnerability. Meanwhile, the persistently low Fear & Greed Index reading signals ongoing caution, even as some see potential buying opportunities after the selloff, as Bloomberg observed.