Starknet nosedives 20% amid broader crypto crash: is STRK done plummeting?

• Starknet price dropped sharply as top cryptocurrencies tumbled to key support levels.
• On November 18, 2025, STRK plunged nearly 20% to touch lows of $0.17. 
• STRK plunged as Bitcoin dropped to lows of $89,500.

Starknet’s native token took a sharp hit as cryptocurrencies bled on Monday, November 17, 2025, with bears extending the dip to Tuesday as STRK plunged nearly 20% to lows of $0.17. 

At the time of writing, Starknet traded 14% down in 24 hours at around $0.19. The decline contrasted with gains for Internet Computer, Hyperliquid, and others.

Notably, the altcoin mirrored losses for Zcash, the top privacy coin by market cap, which was also seeing notable profit taking.

Starknet nosedived 20% amid a broader crypto crash

As the crypto market entered freefall on November 17, Starknet price plummeted.

Triggered by a number of factors, including macro jitters and geopolitical tensions, amplified selling pressure across major assets cascaded into altcoins.

For instance, Bitcoin, the bellwether of the market, shed more than 4% to drop to a low of $89,500.

The move saw the global market cap fall to $3.13 trillion. Trading volume rose 45% on Nov. 18 to over $247 billion, with the Ethereum price falling to lows of $3,000.

XRP, BNB, and Solana all recorded significant drops, pushing liquidations to above $1 billion globally.  

Starknet, which rose amid recent privacy coin gains, followed suit.

The zero-knowledge proofs-powered layer 2 solution saw its STRK token fall from highs of $0.22 to $0.17. Nosediving 20% allowed bears to erase much of the token’s recent 50% rally.

As the chart below shows, Starknet price recently notched four straight green daily candles as price touched  high of $0.24. Following Monday’s dip, weekly gains are currently down to about 22%.

Is STRK done plummeting?

Market observers note that while Starknet’s TVL (total value locked) remains robust at over $340 million, the token’s correlation with Bitcoin, left it exposed to the flagship coin’s volatility.

The timing couldn’t be worse for Starknet. 

Just this week, the project announced a multi-million dollar program aimed at Bitcoin staking. The milestone aims to bridge the Ethereum and Bitcoin ecosystems through Starknet’s BTCFi offering. 

As the crypto market dusts off some of the sell-off pressure, finding a floor near the $0.16-$0.17 mark could be crucial for bulls.

If this happens, STRK could eye $0.24 and potentially one year highs above $0.78. The main target in the short term remains the psychological $1 level.

The platform’s Bitcoin integration positions it uniquely for cross-chain growth. Bitcoin DeFi growth, especially as Ethereum’s upgrades enhance layer-2 efficiency, adds to the bullish outlook.

However, in the short term, risks such as a prolonged Bitcoin bear market could allow sellers to seek more pain.

Bulls saw STRK price fall to an all-time low under $0.04 on October 10, 2025. Current prices nevertheless hover about 305% up since.