Meme coins like SHIB and DOGE remain calm but continue to shape retail sentiment as large cryptos dominate
The global cryptocurrency market on 20 November 2025 is going through a phase of consolidation. After touching near-record highs earlier this year, the market is now steadying at lower levels. The total crypto market value is around $3.2 trillion, and Bitcoin’s share of the market is about 57–59 percent. This shows that overall market direction still depends heavily on the world’s largest digital asset.
Bitcoin (BTC)
Bitcoin is trading around $92,268, showing a small gain of about 0.95 percent in the latest session. The intraday high is $92,676, while the low is $88,549, highlighting strong volatility. Bitcoin recently fell to prices not seen in seven months, dropping into the mid-$80,000 range during the latest market slide. This downturn erased nearly $1 trillion in total crypto value.
Bitcoin’s movement is highly influenced by expectations of an upcoming US jobs report, which could affect chances of a Federal Reserve rate cut. A strong report may increase selling pressure, while a weaker one could support a recovery. Analysts believe Bitcoin could still retest the $80,000–85,000 range if downward momentum continues. The support zone around $88,000–90,000 remains crucial. A strong bounce from this area may refresh investor confidence, while a breakdown could lead to further corrections.
Ethereum (ETH)
Ethereum is trading near $3,019.74, with a daily drop of around 1–2 percent. The intraday high is $3,105.70, and the low is $2,871.42. Ethereum is currently moving within a tight range between $3,000 and $3,100. Recently, the liquidation of a large 25x leveraged long position added pressure, briefly pushing prices lower before conditions stabilised.
Despite short-term caution, Ethereum remains the backbone of decentralised finance activity and layer-2 scaling solutions. Upcoming protocol improvements and better transaction efficiency continue to support long-term confidence. However, in the short term, traders are staying cautious due to uncertain market conditions and broader economic factors.
XRP (Ripple)
XRP is trading around $2.13, showing mild movement during a choppy market phase. A major development for XRP is the launch of a spot XRP exchange-traded fund (ETF) on the New York Stock Exchange. The product carries a management fee of 0.34 percent, which will be waived for the first $500 million invested. This milestone allows institutional investors to gain exposure to XRP through a regulated structure.
The ETF listing recently pushed XRP higher, with one noted session showing a 5.2 percent price increase. However, some large holders also used the rally to take profits. While optimism is rising, analysts warn that support around $2.00 remains delicate.
Solana (SOL)
Solana is trading near $143, gaining almost 3 percent over the day. It stands out as one of the strongest large-cap performers in the latest session. Growing interest in Solana-based decentralised apps and meme coins continues to attract traders. Institutional interest is also rising, supported by filings for a staked Solana ETF. Although regulatory approval may take time, the filing itself signals strong long-term curiosity from major investment firms.
BNB
BNB is currently priced between $906 and $910, reflecting a daily decline of about 2 percent. This comes after several weeks of strong upward movement. Activity on the BNB Chain continues to stay high, especially around new token launches and speculative trading. Even though the price is cooling, ecosystem participation remains healthy, showing that BNB still has a strong role in decentralised applications and exchange-related activity.
Shiba Inu (SHIB)
Shiba Inu is trading around $0.0000086, showing a small decline. Market activity around SHIB is calm compared to previous highs seen during strong meme-coin cycles. While interest is still present, trading volumes are currently lower. SHIB has become a marker of retail trader sentiment, often rising sharply during bursts of market excitement and slowing during broader risk-off phases.
Dogecoin (DOGE)
Dogecoin is trading near $0.157, also slightly down for the day. Like SHIB, DOGE is reflecting the cautious mood in the market. Retail activity in meme coins is softer, but the long-term popularity of Dogecoin remains intact. DOGE, similar to SHIB, acts as a sentiment indicator for speculative appetite in the market.
Market Outlook
The crypto market on 20 November 2025 shows signs of hesitation rather than a clear direction. Large-scale corrections, such as Bitcoin’s fall into the mid-$80,000 range and the wipe-out of nearly $1 trillion in market value, highlight the fragile nature of investor confidence. However, long-term factors remain supportive.
Macroeconomic developments are likely to drive the next major market shift. US labour-market data and Federal Reserve decisions will play important roles in determining whether crypto assets see renewed buying or further selling. At the same time, institutional adoption continues to rise, supported by new ETFs, including the recently launched XRP ETF and applications for Solana-based products.
Smart-contract platforms, such as Ethereum, Solana, and BNB Chain, continue to expand through ecosystem growth, decentralized applications, and increasing real-world use cases. These factors help maintain optimistic long-term sentiment even as short-term price action remains uncertain.
Overall, the market is in a waiting phase. Key support levels likely determine the next major trend. The combination of economic signals, institutional flows, and blockchain activity will shape the direction of cryptocurrencies in the days ahead.
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