Crypto Market Sell-Off Deepens: Why Are Bitcoin, Ethereum and Solana Falling?

The cryptocurrency market is struggling to find support as Bitcoin, Ethereum and major altcoins extend their declines. Bitcoin traded near $73,400 on November 11, while Ethereum slipped toward $2,050 and Solana fell below $85. The broader market has come under pressure from institutional withdrawals, leveraged liquidations and growing macroeconomic uncertainty. 

With several major cryptocurrencies approaching important support levels, investors are increasingly questioning whether the latest correction has further room to run. Is the crypto market approaching a bottom, or could another wave of selling push prices lower?

Bitcoin, Ethereum and Solana Lead the Decline

The sell-off has extended beyond Bitcoin, with major altcoins recording steeper losses as investors reduce exposure to riskier digital assets. Bitcoin has struggled to recover above $75,000 after falling to its lowest levels since August. Ethereum has faced heavier selling, dropping toward $2,050, while Solana has slipped below $85.

The pressure is also visible across the wider market. XRP and other large-cap altcoins also faced significant selling pressure, highlighting the breadth of the correction.

More Than $1 Billion in Liquidations Accelerate Selling