Bitcoin falls below $88K to a new 2026 low with $150M liquidated in one hour
Investors face turbulence as digital assets struggle to maintain psychological thresholds amid significant market liquidations.
Bitcoin fell below $88,000 after a short-lived rebound toward $90,000 was fully retraced. The move marked a new low for 2026 with prices returning to levels last seen at the start of the year when Bitcoin opened near $88,000.
The market continues to struggle to reclaim the $90,000 psychological threshold, which was briefly breached on Tuesday. The renewed selloff triggered more than $150 million in liquidations over the past hour and over $850 million in the past 24 hours, largely driven by long positions in Bitcoin and Ether, according to CoinGlass data.
Major tokens moved lower alongside Bitcoin. Ether traded near $2,900, Solana at $126, and XRP at $1.88. Hyperliquid’s HYPE token hovered near $20 as most of the crypto market traded in the red.
Total crypto market capitalization slipped toward $3 trillion, down about 2% on the day.
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Traditional markets also showed signs of weakness after a brief rally earlier Wednesday. Precious metals consolidated after reaching record highs on Tuesday, with gold topping $4,850 and silver touching $95.
Bitcoin (BTC) price
Full chart and statsLoading chart…
- Price
- $74,446
- 24h change
- −0.6%
- Market cap
- $1.5T
- 24h volume
- $28.6B
- Circulating supply
- 20.1M BTC
CoinGecko data as of Nov 9, 10:38 PM EST.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
