Bitcoin Updates: Investors in Crypto Face Panic Amid Stock Market Drop, Bitcoin Falls Under $100K

On November 15, 2025, US equities started the session in negative territory, with widespread losses also impacting the cryptocurrency market.

slipped below $100,000 for the second time this month. The crypto Fear & Greed Index , marking its lowest reading since late February and indicating "extreme fear" among traders as profit-taking, economic uncertainty, and liquidity concerns weighed on sentiment. The downturn extended across the broader crypto sector, which shed 5.8% of its total value over the past week, while .

Bakkt Holdings, a digital asset platform, illustrated the industry's challenges as

after reporting a $23.2 million loss in the third quarter, largely due to a non-cash warrant adjustment. Even with a 27% jump in revenue to $402.2 million and adjusted EBITDA reaching $29 million, the accounting loss overshadowed its results, underscoring the volatility that characterizes crypto-related firms. At the same time, to $318.7 million for the nine months ending September 30, down from $397.9 million in the same period last year, as its Bitcoin Trust ETF experienced outflows and faced stiff competition from lower-cost rivals.

The DeFi industry encountered its own turmoil, with total value locked (TVL) across leading blockchains—Ethereum,

, and Arbitrum—dropping sharply by double-digit percentages. A series of security incidents, including a $120 million exploit at and a $93 million breach at Stream Finance, further undermined confidence and spurred accelerated withdrawals . Meanwhile, Ethereum's price hovered around $3,560, with large investor activity hinting at accumulation ahead of the Fusaka upgrade scheduled for December. Major holders have acquired 7.6 million ETH since late April, representing a 52% rise, while on-chain metrics near $3,000.

Institutional players also adjusted their crypto portfolios. Tiger Global Management

in the third quarter, reducing its position to 2.8 million shares, while boosting investments in Amazon and Netflix. These moves reflected a broader trend of caution and a shift toward more stable assets amid crypto market instability. Canary, another investment firm, , awaiting clearer guidance from the SEC, despite strong demand for its initial XRP ETF offering.

Market fragility was heightened by macroeconomic challenges, such as delays in resolving the US government shutdown and ongoing uncertainty over Federal Reserve interest rate policy.

and technical improvements like Ethereum's Fusaka upgrade might help stabilize the market, a lasting rebound would rely on regulatory certainty and a more favorable macroeconomic environment.