Crypto Market Shakes Up Nov 20: Why AB, Canton, and Filecoin Suddenly Crashed Hard Today
Crypto Market Update: WLFI Wallet Freeze, Coinbase Prepares ASTER Listing, and Market Faces Fresh Volatility
The global cryptocurrency market experienced renewed volatility today, reflecting a wave of caution among traders and investors as multiple developments emerged across the digital asset sector. According to market trackers, the total global crypto market capitalization stands at approximately $3.21 trillion, posting a 1.1% decline over the last 24 hours. The dip reflects a broader pullback in both investor sentiment and intraday trading activity, with total daily market volume reaching $190 billion.
Bitcoin continues to anchor market dominance with 57.1%, while Ethereum holds 11.4%, reaffirming the two assets’ position at the core of digital markets. As of this latest update, 19,417 cryptocurrencies are actively tracked, illustrating both the market’s size and the increasingly competitive landscape.
The strongest performing ecosystems in the current cycle include Polkadot and the XRP Ledger, whose underlying networks continue to attract significant developer and investor activity.
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| Source: Forex Factory |
Bitcoin and Ethereum: Price Action and Market Behavior
Bitcoin (BTC)
Bitcoin is trading at $92,178, a modest 0.05% gain in the last 24 hours. Despite the minimal increase, the asset remains highly active, with a substantial daily trading volume of $79.6 billion, contributing to its market capitalization of $1.83 trillion.
The mild uptick signals stabilization following recent volatility, yet market analysts remain divided. Some cite macroeconomic pressure and ETF outflows as ongoing concerns, while others point to long-term accumulation trends as evidence of underlying strength.
Ethereum (ETH)
Ethereum is currently priced at $3,034.81, down 1.77% over the same period. Trading volume reached $39.9 billion, while its market cap stands at $366.5 billion. The drop reflects broader concerns about liquidity, gas fees, and the increasing number of alternative Layer-1s gaining market share.
Still, Ethereum remains central to the DeFi and NFT sectors. Its long-term trajectory continues to be shaped by the upcoming network upgrades and an expanding institutional presence.
Top 5 Trending Cryptocurrencies
Interest in trending digital assets reflects shifting investor priorities and new developments across blockchain networks. Over the last 24 hours, the top trending coins are:
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XRP – Trading at $2.12, with a 3.46% loss and a trading volume of $6.2 billion.
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Ethereum (ETH) – Priced at $3,035.26, down 1.93%, supported by a strong $41.1 billion in total value locked (TVL).
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Tensor (TNSR) – Trading at $0.08224, recording an impressive 94.27% surge, with $342.46 million in trading volume.
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Starknet (STRK) – Priced at $0.2518, up 18.26% in the last day.
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Bitcoin (BTC) – Trading at $92,321.58, showing a slight 0.09% increase with $80.25 billion in volume.
Top Gainers and Losers of the Day
Top 3 Gainers
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Starknet (STRK)
Up 19.84% to $0.2556 with a trading volume of $866.3 million. Analysts attribute the spike to ongoing ecosystem updates and rising developer interest. -
Zcash (ZEC)
Increased 11.31% to $675.52 with $2.07 billion in trading activity. Privacy-focused assets have seen renewed demand following global regulatory discussions. -
Artificial Superintelligence Alliance (FET)
Up 8.72% to $0.3206, supported by a trading volume of $301.6 million. AI-focused cryptocurrencies continue to surge amid rising interest in autonomous technologies.
Top 3 Losers
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AB (AB)
Down 18.87%, now priced at $0.006457 and recording $29.32 million in trading volume. -
Canton (CC)
Dropped 7.14% to $0.0997, reflecting reduced liquidity inflows. -
Filecoin (FIL)
Fell 6.82% to $1.87 with $369.73 million in trading volume, possibly impacted by storage provider concerns and competition.
Stablecoin and DeFi Market Update
The stablecoin market cap sits at $309 billion, with a massive $134 billion in 24-hour trading volume. However, the sector registered a 0.3% decline, reflecting increased redemptions and lower liquidity inflows.
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| Source: Alternative Me |
The decentralized finance (DeFi) market also experienced a downturn. The total DeFi market cap stands at $115 billion, down 2.3% in the last 24 hours. Trading volume reached $7.4 billion, with DeFi dominance holding at 3.6%.
Investor Sentiment: Fear Surges Again
Today’s Fear & Greed Index dropped sharply to 11, indicating Extreme Fear. Market sentiment has deteriorated from previous levels due to declining prices, falling liquidity, and concerns surrounding regulatory actions. The sharp drop highlights investor anxiety and increased risk aversion.
Top Crypto News Headlines Today
1. CZ Will Not Return to Binance Leadership Amid Ongoing U.S. Oversight
Despite the recent regulatory settlement, U.S. agencies including the DOJ, CFTC, and FinCEN will continue overseeing Binance. Sources indicate that former CEO Changpeng Zhao has no plans to return to an executive role. Binance’s exit from the U.S. market remains a pivotal factor as regulatory scrutiny intensifies globally.
2. WLFI Token Freezes Wallets After Phishing Breach
WLFI has frozen several user wallets after a phishing attack exposed seed phrases belonging to affected users. The platform clarified that the breach originated from third-party tools, not WLFI infrastructure. Impacted users are required to complete KYC verification to reclaim frozen funds. The incident highlights ongoing challenges in wallet security across crypto platforms.
3. Coinbase Tests Stock Trading and Prediction Markets
Tech researcher Jane Manchun Wong revealed that Coinbase is quietly testing support for stock trading and prediction markets through KalshiEX. The new feature is expected ahead of Coinbase’s December 17 update, signaling the company’s expansion toward hybrid financial services.
4. Nvidia Reports Record-Breaking Q3 Revenue
Nvidia posted $57.01 billion in Q3 2026 revenue, marking a 62% year-over-year increase. Net income reached $31.77 billion, with $22.09 billion in free cash flow. The chipmaker’s Q4 revenue forecast is set at $65 billion, underscoring continued dominance in AI computing.
5. Coinbase Confirms Listing for Aster (ASTER)
Coinbase will open spot trading for Aster (ASTER) on November 20, 2025, pending liquidity conditions. The ASTER-USD pair is set to launch at 9 a.m. PT. The move reinforces Coinbase’s expanding listing strategy in anticipation of rising market demand.
6. Federal Reserve Split on December Rate Cut
Minutes from the Federal Reserve’s October meeting show disagreement among officials regarding a potential December rate cut. Some members express concern over elevated asset valuations and warn that the rapid rise in AI-driven equity markets could prompt a significant correction.
7. Robinhood Introduces Tokenized Stocks for DeFi Use
Robinhood announced a three-phase rollout enabling customers to access and withdraw tokenized stocks. The final phase would allow users to transfer tokenized equities to external wallets for use across decentralized finance applications.
8. Regulators Increase Pressure Over Alleged Illicit Funds
Crypto analyst ZachXBT criticized regulatory claims targeting WLFI, stating that only $10,000 in allegedly illicit funds were discovered within a $550 million sale. He warns that the exaggerated claims could lead to scrutiny of other platforms, including Hyperliquid.
9. Naver to Acquire Dunamu, Upbit’s Parent Company
South Korea’s Naver Financial is preparing to acquire Dunamu, the company behind Upbit. Board approvals are expected next week. The merger could result in the launch of a KRW-backed stablecoin and expand the country’s digital financial ecosystem.
10. Bitwise CIO Predicts Massive ETF Expansion
Matt Hougan, CIO of Bitwise, predicts an upcoming wave of cryptocurrency ETFs, calling it an “ETF Palooza.” He expects over 100 new ETFs to launch, driven by heightened investor interest in diversified index-based crypto portfolios.
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