The dip comes amid doubts about future US interest rate cuts and a risk-averse mood in broader markets.
Published On 18 Nov 2025
Bitcoin fell below $90,000 for the first time in seven months in the latest sign that investor appetite for risk is drying up across financial markets.
The cryptocurrency began to rebound as United States markets opened on Tuesday. However, Monday’s steep drop in the risk-sensitive asset had already wiped out all of its gains for the year.
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It is now nearly 30 percent below its peak of $126,000 in October.
It was down 0.5 percent at $91,338.47 during European trading hours, after slipping as low as $89,286.75.
About $1.2 trillion has been wiped off the total market value of all cryptocurrencies in the past six weeks, according to market tracker CoinGecko.
Market participants said that a combination of doubts around future interest rate cuts by the US Federal Reserve and the risk-averse mood in broader markets, which have wobbled after a long rally, was dragging down crypto.
“The cascading selloff is amplified by listed companies and institutions exiting their positions after piling in during the rally, compounding contagion risks across the market,” said Joshua Chu, co-chair of the Hong Kong Web3 Association.
“When support thins and macro uncertainty rises, confidence can erode with remarkable speed.”
Speculators who had put money into crypt