The cryptocurrency market has experienced a significant downturn, shedding over $1.3 trillion in market value as of November 25, 2025. Bitcoin's price has plummeted from $126,000 to below $85,000, while Ethereum has seen a decline of more than 40%. Despite these sharp losses and a record $19 billion in daily liquidations, analysts suggest that the current market crash is less severe than the 2022 FTX collapse, which resulted in a 73% market drop and widespread platform failures.