The crypto market slid into a harsh correction as Bitcoin plunged roughly 7.2% and sank below $86,000, dragging the broader market down over 7% in the past 24 hours. Ethereum tumbled about 7.4% to $2,800 while Layer-1s, DeFi and Layer-2 sectors suffered double-digit pain in names like NEAR and SOON. VanEck’s analysis pins the sell-off squarely on medium-term holders aggressively liquidating positions, a 32% drop in coins held by that cohort over two years, triggering a collapse in open interest, plunging funding rates and a vicious risk-off cascade. Even pockets of strength, GameFi and some NFT tokens, look like brief reprieves as the market braces for deeper downside and potential capitulation. But what else is happening in crypto news today? Follow our up-to-date live coverage below. The post [LIVE] Crypto News Today: Latest Updates for Nov. 21, 2025 – Bitcoin Falls Below $86,000 as Medium-Term Holders Dump; Crypto Market Cap Down 6% appeared first on Cryptonews .
![[LIVE] Crypto News Today: Latest Updates for Nov. 21, 2025 – Bitcoin Falls Below $86,000 as Medium-Term Holders Dump; Crypto Market Cap Down 6%](https://resources.cryptocompare.com/news/52/54687306.jpeg "[LIVE] Crypto News Today: Latest Updates for Nov. 21, 2025 – Bitcoin Falls Below $86,000 as Medium-Term Holders Dump; Crypto Market Cap Down 6%")
