Bitcoin drops below $90K, triggering $947M in liquidations
Analysts weigh in on investor sentiment as digital assets face heightened instability in the face of shifting global economic conditions.
Key Takeaways
- Bitcoin's price fell below $90,000 amid heightened market volatility.
- The drop represents a significant downturn following recent record highs in the crypto market.
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Bitcoin fell to $89,700 after failing to hold below the $90,000 level on Monday, extending its slide and triggering roughly $947 million in leveraged liquidations over the past 24 hours, according to data from CoinGecko and CoinGlass.
Losses extended beyond Bitcoin. Ethereum dipped 7% to below $3,000, XRP shed 6%, and Solana and BNB each lost around 4%. The crypto market’s total value dropped 5% to $3.1 trillion, while sentiment plunged to “extreme fear” with the Fear and Greed Index reading at 11.
With Bitcoin heading for a 15% monthly loss, November is shaping up to be one of its weakest months of 2025. The decline has fully reversed the year’s gains, leaving BTC almost 3% lower year-to-date.
