November 14 opened with a gloomy tone across global financial markets, as both U.S. equities and crypto suffered sharp corrections following an extended period of overheating. The total crypto market cap dropped more than 2%, falling to $3.35 trillion, the lowest level since early Q4 2025.

The spotlight was on Bitcoin, which closed its first daily candle below $100,000 after 188 consecutive days of holding that psychological milestone. This breakdown signals rising caution among investors amid increasingly uncertain macroeconomic conditions.

Ethereum slid nearly 6%, losing the $3,200 support, while most major and mid-cap altcoins followed with steep declines. Within just 12 hours, more than $750 million in positions were liquidated, 87% of which came from the Long side — highlighting the speed and intensity of the pullback.

While crypto faced heavy selling pressure, U.S. stocks also saw a sharp decline, especially among Big Tech names, erasing around $1.1 trillion in market value in a single session. The synchronized sell-off across both markets amplified fear and triggered widespread risk repricing.

With over $110 billion wiped from crypto’s total market value, the market has shifted back into a defensive posture after months of sustained optimism.