The analytical unit of the cryptocurrency exchange
#Binance — Binance Research — published a review of the cryptocurrency market for November 2025, which recorded a decrease in total capitalization of 15.43%.
According to it, this is the second consecutive month in the "red zone," signaling the market's transition into a phase of deeper correction after a strong rally in the first half of the year.
In November, the share of
$BTC in total capitalization decreased to 58.7%, while Ethereum
$ETH dropped to 11.6%. Several key factors influenced market participants:
- uncertainty regarding the December FOMC meeting and the rate reduction schedule;
- expectations of a 25 basis point increase by the Bank of Japan, creating risks of unwinding carry trades;
- correction in the equity sector of artificial assets, where skepticism about the profitability of large investments caused sell-offs in crypto assets.
On December 1, the Federal Reserve's quantitative tightening program (quantitative tightening,
#QT ) ended. From January, a transition to "balance growth" is expected with the purchase of $20-25 billion in short-term Treasury securities per month — technically this is "
#QE -Lite," which returns liquidity to the system and forms the basis for the future growth of the cryptocurrency market.
#RedNovember #QEseason