The price of Bitcoin fell below $96,000, marking its lowest level since May 2025. On the night of November 14, 2025, the leading cryptocurrency briefly fell to this level, but later recovered to $97,000. This sharp decline led to an increase in liquidations in the crypto market, which exceeded $1 billion.

Market Correction

All of the top 10 assets by market capitalization also declined, although their decline was less significant than Bitcoin's. Some cryptocurrencies fell even less than Bitcoin, indicating the relative resilience of some assets amid the overall decline.

Amid the correction, Bitcoin's market dominance initially increased, reaching approximately 60.2%. However, by the morning of November 14, this figure had fallen to 59.7%.

Fear and Greed Index

On November 13, the Fear and Greed Index dropped to 15, indicating "extreme fear" in the market. The last time such low values were seen was in March 2025, indicating significant anxiety among investors.

Liquidations on futures contracts in the crypto market also increased amid the collapse, reaching $1.1 billion in a day, according to CoinGlass. This indicates high volatility and uncertainty in the market.

Reasons for the Crash

The crypto market crash is occurring amid US Defense Secretary Pete Gegset's announcement of a large-scale military operation in Venezuela aimed at combating drug trafficking. It's currently unclear whether this is a simple market correction or a prolonged downturn, with bears selling permanently.