Crypto market loses nearly $170 billion as fear index falls to 20

The total cryptocurrency market capitalization fell by nearly 7% in 24 hours to $2.34 trillion. The Fear and Greed Index dropped to 20 points, indicating “extreme fear,” while Ethereum fell below $2,000.

RuskiGazeta Editorial DeskNovember 13, 2026, 11:57 AMUpdated: November 13, 2026, 12:03 PM

Crypto market loses nearly $170 billion as fear index falls to 20

The cryptocurrency market is experiencing a new wave of sell-offs. According to CoinGecko, the total cryptocurrency market capitalization fell by approximately 6.7% in 24 hours to $2.34 trillion, a decline of nearly $170 billion. Bitcoin fell below $70,000 overnight and was trading at around $68,700 at 11:30 a.m. Moscow time, down approximately 6.4% over 24 hours.

TASS cited Binance data showing that the last time Bitcoin traded below $70,000 was on August 20. The leading cryptocurrency has fallen by more than 9% over the past week and by more than 17% over the past month.

Bitcoin ATM in Wrocław, Poland

Fear index falls to 20 points

The Crypto Fear & Greed Index fell to 20 points on Friday, placing it in the “extreme fear” zone. The indicator stood at 28 points the previous day.

Altcoins are also declining alongside Bitcoin. Ethereum fell 5.5% in 24 hours and is trading at around $1,930. XRP is holding slightly above $1, while Solana is trading at around $80; both coins have fallen by 11–14% over the past week.

Bitcoin coin against a price chart

What is weighing on the market

Analysts primarily attribute the decline to the forced closure of leveraged positions. According to CoinGlass, more than $1.3 billion in positions were liquidated over 24 hours, including approximately $677 million in Bitcoin positions. Pressure has been intensified by continued outflows from U.S. spot Bitcoin exchange-traded funds, rising bond yields following unexpectedly high inflation in the United States, and news of an escalation in the Middle East.

Events in the technology sector also contributed to the negative backdrop: Nvidia shares continued to decline after the resignation of CEO Jensen Huang, while a global outage affecting Microsoft 365 services disrupted companies and government agencies worldwide.

Bitcoin is currently approximately 45% below its all-time high of around $126,000, set in October 2025.

Photo: Wikimedia Commons

Crypto market loses nearly $170 billion as fear index falls to 20