Bitcoin continues to show signs of weakness in November as the world’s largest cryptocurrency slipped toward its annual lows, triggering volatility across the broader digital asset market. On November 22, at 11:30 am, Bitcoin was trading just above $84,200, after briefly dipping to $80,760.66 earlier. This sharp decline wiped out $2 billion within 24 hours, highlighting another turbulent phase for the crypto market.

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Volatility Triggered by US Jobs Data and Fed Remarks Market Outlook: Key Indicators to Watch Fluctuations Reflect Crypto’s High Volatility

The decline was followed by a partial recovery, with Bitcoin rebounding just above $85,000 in yesterday’s trade. The token’s latest performance pushes it closer to the lower end of its annual range, with levels not seen since April 2025, when Bitcoin had hovered around the $75,000 mark.

Volatility Triggered by US Jobs Data and Fed Remarks

Crypto market experts cited multiple factors behind the sharp fluctuations. Weak US jobs data contributed to increased selling pressure as investors reacted to concerns about the broader economic outlook. At the same time, dovish comments from New York Federal Reserve President John Williams encouraged traders to buy at lower levels, resulting in sharp intraday swings.

These rapid price movements intensified liquidation activity. According to the data shared, the volatility caused $2 billion in liquidations within 24 hours, while a $4.2 billion options expiry added further pressure to the market dynamics.

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Market Outlook: Key Indicators to Watch

Experts believe that upcoming US macroeconomic indicators—including the Producer Price Index (PPI), jobless claims, and GDP data—will likely influence Bitcoin’s next move.
Edul Patel, CEO of Mudrex, noted that the $80,000 support level remains strong, and if this level holds, Bitcoin could potentially make a move toward the $88,000–$90,000 range.

Fluctuations Reflect Crypto’s High Volatility

Bitcoin’s recent fall is another reminder of the inherently volatile nature of cryptocurrency markets. Yesterday’s decline alone marked a 27% drop from its midnight price on November 1, underscoring the steep corrections crypto assets can undergo in short intervals.

The token’s continued weakness also draws comparisons to its lowest point in April 2025, when its price hovered around $75,000. While Bitcoin has not breached that level yet, its current trajectory brings it closer to retesting those lows if market conditions worsen.

Major Altcoins Mirror Bitcoin’s Downtrend

The downward trend is not limited to Bitcoin. Several leading altcoins have also witnessed significant declines over the past month:

Ethereum (ETH): down 28.78%
XRP: down 19.55%
Binance Coin (BNB): down 25.05%
Solana (SOL): down 31.08%

These month-on-month corrections indicate that the broader crypto market is moving in sync with Bitcoin’s weakness. Investor sentiment appears to be cautious across major tokens, with no strong signs of decoupling so far.

The report adds that readers can check below for the top 10 cryptocurrency prices, reflecting the latest market trend.

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