The global crypto market has entered one of its steepest corrections in years as major assets including Bitcoin, Ethereum, and XRP slide lower.
Over the past 41 days, more than $1.1 trillion has been wiped from market value, averaging about $27 billion erased each day.
Bitcoin trades near $91,238, down roughly 13% for the week, while Ethereum sits around $3,012 and XRP about $2.13, all recording double-digit weekly declines.
Several well-known altcoins remain deep in the red, and analysts say the downturn reflects a mix of structural, psychological, and mechanical factors rather than weak fundamentals.
Some researchers trace the pullback to a run of macro headlines and political uncertainty that began as crypto’s market cap neared $4.3 trillion.
Tariff signals from China and mixed messages about U.S. crypto leadership contributed to the mood, even as policymakers voiced supportive sentiment toward crypto innovation.
By today, the market sits roughly 10% below the levels touched during the Oct. 10 liquidation spike, underscoring that the downturn has persisted beyond a single flash crash.
Observers say the drop is structural, not merely emotional, with positive developments such as ongoing institutional interest and favorable statements from U.S. leadership offset by mechanical market dynamics.
In late October, institutional outflows helped spark a broader withdrawal trend, with crypto funds pulling about $1.2 billion in the first week of November.
On the horizon, a short-term oversold setup implies a potential relief bounce, but if selling pressure continues and macro conditions weaken, a move toward $50,000 cannot be ruled out.
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