Global Crypto Value Drops $400 Billion In Brutal Week

Cryptocurrency markets suffered a steep collapse this week, wiping out nearly $400 billion in global value as bitcoin led a broad sell-off, according to CoinGecko data.

Bitcoin fell more than 10% in 24 hours on Friday, hitting $81,919 — its lowest level since April and down over one-third from its October record of $126,000. Bloomberg reported the coin is on track for its worst month since the industry’s disastrous June 2022 downturn.

Crypto plunge wipes out nearly $400 billion in a week https://t.co/4upi42Gu7W

— Axios (@axios) November 21, 2025

The sell-off has hit virtually every major token, driving total crypto market capitalization down to roughly $3 trillion. Analysts say the plunge is reviving questions about crypto’s reliability as a long-term asset.

Bob Elliott, CEO of Unlimited Funds, said bitcoin’s decline mirrors weakness in equities but with “much more extreme” volatility.

Investors remain uncertain about where the bottom may be, as the market shows no signs of stabilizing.

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