Cryptocurrency markets are experiencing significant turbulence on November 18, 2025, as Bitcoin slips beneath the critical $90,000 threshold while Ethereum struggles to maintain the $3,000 psychological level. Layer-2 scaling solutions are bearing the brunt of the selloff, with losses exceeding 7% across the sector as investor sentiment turns cautious.
The cryptocurrency market is facing a substantial correction on November 18, 2025, with major assets experiencing sharp declines that have rattled investor confidence across the digital asset ecosystem.
Bitcoin, the flagship cryptocurrency, has broken below the psychologically significant $90,000 level, marking a notable retreat from recent highs. This correction represents a critical test of support levels that many analysts have identified as crucial for maintaining the broader bullish trend. The world's largest cryptocurrency by market capitalization is now trading at levels that could determine whether this represents a healthy pullback or the beginning of a more extended downturn.
Ethereum's situation appears equally concerning, with the second-largest cryptocurrency failing to hold the $3,000 mark. This breakdown is particularly significant as Ethereum has struggled to maintain momentum despite ongoing network upgrades and increased adoption of its ecosystem. The slip below this round number often triggers additional selling pressure as stop-loss orders are activated and psychological barriers are breached.
Perhaps most notably, Layer-2 scaling solutions are experiencing disproportionate losses, with the sector down approximately 7% across the board. Networks like Arbitrum, Optimism, and Polygon are seeing heightened selling pressure as investors rotate out of higher-risk assets. This selloff in Layer-2 tokens may reflect broader concerns about market overextension and profit-taking after significant gains in recent months.
Market analysts attribute the correction to several factors, including potential profit-taking after extended rallies, macroeconomic uncertainties, and technical indicators suggesting overbought conditions. Trading volumes have increased substantially during the decline, indicating strong conviction among sellers rather than a mere liquidity gap.
For traders and investors, this correction presents both challenges and opportunities. Long-term holders may view current levels as accumulation zones, while short-term traders are likely adjusting positions and managing risk exposure. The coming days will be crucial in determining whether buyers step in to defend these support levels or if further downside remains in store.
As the market digests this volatility, all eyes remain on key support zones and macroeconomic developments that could influence the next directional move in cryptocurrency markets.