A surprise Bank of Japan rate shock sent the yen sharply higher and triggered a rapid unwind of the yen carry trade, knocking Bitcoin lower and sparking a wave of crypto liquidations and volatility.
Dogecoin activity jumped 10,187%, snapping a five-day losing streak and producing a sharp rebound in Tuesday’s session. The move signals renewed retail interest and heightened volatility for the memecoin.
CME Group has introduced a Bitcoin Volatility Index and additional crypto benchmarks to improve risk pricing across futures and options markets. The move is intended to support institutional hedging, transparency, and deeper derivatives liquidity.
Dogecoin creator Billy Markus accused market actors of manipulation on X after a 24-hour crypto sell-off erased more than $200 billion and pushed major indices down about 4.87%. The comment intensified debate over market structure and volatility.
XRP dropped about 30% overnight, slicing through the $2.15–$2.20 support zone on heavy volume before mounting a modest rebound into its descending channel.
Speaking at a Florida tech conference, Eric Trump called the current Bitcoin pullback "a great time to buy" and described BTC as "the greatest asset of our time." He pointed out Bitcoin had traded near $16,000 as evidence the long-term uptrend remains intact.
Nearly $2 billion in crypto positions were liquidated over the last 24 hours as total market capitalization slipped under $3 trillion for the first time in five months, signaling a sharp wave of deleveraging and heightened volatility.
Binance CEO Richard Teng said bitcoin’s recent steep drop reflects investors cutting leveraged crypto positions and a wider shift toward risk aversion, bringing BTC volatility in line with other major asset classes.
Bitcoin slid more than 5% in 24 hours to a seven-month low near $86,300 on Nov 20, 2025, before rebounding to about $87,300. The move underscores renewed intraday volatility and a test of near-term support in the high-$80,000s.
XRP dipped back below the $2.00 mark on Nov. 20, returning to levels last seen after the October 10 sell-off following a fresh ETF approval. The move signals renewed volatility as traders digest the news and reposition.