Bitcoin's November Plunge Driven by U.S. Trading Hours and Federal Reserve Anxiety

Bitcoin experienced a significant decline in November 2025, with losses concentrated overwhelmingly during U.S. trading hours, according to analyses from multiple sources. The cryptocurrency fell by more than 20% to 30% during American sessions, driven by heightened Federal Reserve policy concerns and tech-sector volatility. In contrast, Asian and European trading hours showed muted price action, with minimal declines, highlighting the dominance of U.S. macro dynamics on Bitcoin's behavior.

The aggressive intraday drops were linked to persistent uncertainty around Federal Reserve decisions, including potential tightening or a slower path toward easing, which fueled broad risk aversion. Bitcoin, which had reached record highs above $125,000 in early October, entered bear-market territory by mid-November. This downturn was reinforced by substantial ETF outflows, with $2.2 billion exiting BlackRock's iShares Bitcoin Trust in November alone.

Analysts noted that Bitcoin traded more like a high-beta technology stock during U.S. hours, moving in tandem with Nasdaq-style risk sentiment. Kyle Rodda, a senior market analyst at Capital.com, emphasized Bitcoin's strong correlation with U.S. tech stocks, attributing this to shared characteristics like monetary policy sensitivity and high retail investor leverage. By November 25, early signs of stabilization emerged, with Bitcoin rebounding modestly from recent lows, suggesting that forced selling and ETF outflows might be slowing. However, market participants caution that U.S. monetary policy clarity remains a key driver, and Bitcoin will likely continue to respond sharply to developments during American trading hours.