Slump worsens
What's being bought and sold*
TOP TRENDING ASSETS
*Trading activity in the past 24 hours on the Uphold platform, as of 8 a.m. 21st November 2025.
The combined total of buy and sell percentages can exceed 100% due to customers who engage in both buying and selling the same asset within the 24-hour time frame.
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What’s up
Jobs Figure Lands With A Thump
The U.S. economy added 119,000 jobs in September. Most economists were expecting a figure half that size.
Markets are fretting that the Federal Reserve could seize upon that unexpectedly robust employment number as an excuse to pause its easing cycle. Fed policy wagering action indicates that the chance of a 0.25% rate cut next month is roughly 1 in 3. Investors do not like those odds.
What's down
Bitcoin In The Tumbler
The world’s largest cryptocurrency took a steep hit over the past day.
After scuffling for three days to hold $90,000, Bitcoin started sliding below that level yesterday when the delayed jobs report finally surfaced. As of this morning, BTC had declined 9% in 24 hours to about $83,600. Intense sell pressure in low liquidity led to a truly depressing low ebb, early Friday, of $81,000. Six weeks ago, BTC reached a record high above $126,000. Bitcoin is now touching levels not seen since April.
CoinDesk research showed that liquidity was still hollow following last month’s record-setting leverage wipeout, setting the stage for “more violent price swings.”
Since yesterday at this time, total crypto assets have fallen 8% to below $2.96 trillion, according to CoinGecko.
What's next
Crypto Technically Oversold
Altcoins are not faring well in this late autumn maelstrom.
Ethereum fell 9% to $2,700. A growing list of Top 100 coins are notching one-day losses in the neighborhood of 15%-20%. This exceptionally dented bucket includes a trio of DeFi standard-bearers, HYPE, DOT and SUI, as well as a couple of AI-related coins, NEAR and TAO.
It’s not only crypto reeling from monetary policy pessimism. U.S. equities have taken a hit, too. The S&P 500 fell 3% over the past few days. The Nasdaq 100 has shed 9% so far this month.
Perhaps the risk-on crowd can start to look out for a relief rally. Rate cut hopes are improving by the hour with at least one central banker making some reassuring comments.
According to CoinDesk, technical indicators for many digital assets on average are now tilting into “oversold" territory.
