Not Just Bitcoin: Whole Crypto Market Sinks, With Altcoins Falling Faster
Almost every major coin is lower on November 14. Solana, Hyperliquid and Cardano are down 8% or more in 24 hours, Zcash is off 31.5% on the week, and sentiment reads Extreme Fear.
By CoinGeography Desk
Published · 3 min read
The sell-off is not a Bitcoin story. By Saturday, November 14, almost everything that is not a stablecoin is lower, and most altcoins are falling faster than Bitcoin. CoinGecko data puts total crypto market capitalisation at about $2.24 trillion, down 6.9% in 24 hours, with 24-hour trading volume near $80.6 billion.
Altcoins are falling harder
Bitcoin is down 4.5% on the day. Among the largest coins, the heavier losses are further down the list:
- Hyperliquid (HYPE): $66.22, down 8.9% on the day and 14.7% on the week.
- Solana (SOL): $73.03, down 8.7% and 19%.
- Cardano (ADA): $0.157, down 8.3% and 14.7%.
- Zcash (ZEC): $878.57, down 7.5% on the day and 31.5% on the week, the steepest weekly fall among the top 20.
- Chainlink (LINK): $9.19, down 7.2% and 16.2%.
- Stellar (XLM): $0.138, down 7% and 9.3%.
- Dogecoin (DOGE): $0.061, down 6.9% and 16.1%.
- BNB: $590.93, down 6.5% and 15.3%.
- XRP: $0.96, down 5.7% and 17.3%.
- Ethereum (ETH): $1,844, down 4.5% and 18.3%.
TRON (TRX) has held up best of the large coins, down 1.8% on the day and 3.3% on the week.
Sectors: DeFi and DEX tokens lead the losses
CoinGecko's category data for the last 24 hours shows the same broad pattern:
- Decentralised exchange (DEX) tokens: down 8.6%.
- Governance tokens: down 8.7%.
- Decentralised finance (DeFi): down 7%.
- Privacy coins: down about 6.5%.
- Layer 1 networks: down 4.8%.
The pockets of green are small and mostly outside the usual trading narratives. Stablecoins are flat, and CoinGecko's tokenised assets category is up 2.3%, helped by a 4.3% gain in Figure's tokenised home-equity token. Real-world asset tokens overall are about flat, down 0.5%.
Sentiment has collapsed
The Fear & Greed Index from Alternative.me read 13 on Saturday, which it classes as "Extreme Fear". Readings that low show how one-sided the mood has become, and they can precede a bounce, but they are not a signal to buy.
