Crypto Market Plunges: Is November 2025 Crash More Severe than FTX’s Bear Market?

The cryptocurrency market has experienced a dramatic downturn in recent weeks, with over a trillion dollars wiped out from its value. Bitcoin recently plummeted below the $90,000 mark for the first time in months, triggering concerns among investors and sparking comparisons to the 2022 FTX meltdown. While the size of losses in November 2025 is significant, analysts suggest it may not be as catastrophic as the FTX-driven crash. The current downturn stems from macro pressures, leveraged unwinds, and a decline in investor sentiment, unlike the concentrated chaos of the FTX collapse.