The cryptocurrency market witnessed a dramatic swing over November 18-19, 2025, with a severe correction followed by a sharp rebound. On November 18, the market extended its downturn for the third straight day, with Bitcoin sliding 5.8% to fall below $90,000, erasing its year-to-date gains, and Ethereum briefly dipping under $3,000. Layer-2 tokens were hammered, plunging 7.13%, as Starknet (STRK) collapsed 21% and SOON tumbled over 30%. Despite the broad weakness, Internet Computer (ICP) surged more than 16%, and assets like HYPE and Filecoin posted gains.
On November 19, the market rebounded strongly. Bitcoin edged up 0.43% to reclaim $92,000, while Ethereum rose 2.36% to break above $3,100. Meme coins led the charge, with the sector jumping 4.28%—PUMP gained 7.97% and SPX6900 soared 16.65%. Other sectors showed robust momentum: CeFi climbed 4.02% with WhiteBIT Token up over 21%, AI tokens gained 3.90% as GLM and KITE posted double-digit rises, and Layer 2 tokens rallied 3.78% led by Starknet’s 27% surge. Sector indices, including ssiMeme, ssiAI, and ssiCeFi, rose 4.38%, 2.60%, and 2.29% respectively, signaling renewed optimism amid volatility.
