Bitcoin fell below $90,000 on Tuesday for the first time in nearly seven months, as uncertainty over the U.S. Federal Reserve’s interest rate trajectory and caution around delayed economic data reduced demand for risk assets.
New holders of digital gold sold more than 148,000 BTC at a loss on November 14. A drop in price below the yearly open at $93,000 may trigger a move into the zone below $90,000.
The price of Cardano (ADA) has broken an important four-year support level, raising concerns about a drop to new lows. According to the weekly ADA/USD chart on TradingView, ADA closed below $0.5417 — a technical minimum that had held since November 2024.
Cardano was trading at $0.5091 at 15:12 (12:12 GMT) on Friday, according to the Investing.com index, down 10.08% for the day. This marked the steepest decline in the cryptocurrency’s value since October 10.
Bitcoin fell below the key $100,000 level on Friday, following a broader decline in risk assets as sentiment was dampened by rising bets that the Federal Reserve will not cut interest rates in December.
The cryptocurrency Ethereum was trading at $3,114.64 at 04:39 GMT on Friday, according to the Investing.com index, falling 10.59% on the day. This was the most significant drop in the cryptocurrency’s value since October 10.
Bitcoin fell on Wednesday, extending recent declines, as the improvement in risk appetite amid progress toward reopening the U.S. government failed to trigger significant buying in cryptocurrency markets. Bitcoin dropped 1.8% to $103,344.1 at 05:28 GMT, after earlier hitting a low of $102,737.9 during the day.
Bloomberg Intelligence strategist Mike McGlone has predicted that Bitcoin could fall to $56,000.
Bitcoin fell on Wednesday, briefly dipping below the key $100,000 level as a broader sell-off in risk markets — driven by concerns over overvalued assets — spilled into cryptocurrencies.
At 01:23 GMT on Wednesday, according to Investing.com’s index, Cardano (ADA) was trading at $0.5032, down 10.02% for the day. This marked the largest single-day drop for the cryptocurrency since October 10.
At 21:35 GMT on Tuesday, according to Investing.com’s index, XRP was trading at $2.0733, down 10.25% for the day. This marked the largest single-day drop for the cryptocurrency since October 10.
The cryptocurrency Ethereum was trading at $3,266.45 on Tuesday at 19:44 GMT, according to data from Investing.com, down 10.03% for the day. This marks the largest single-day decline in Ethereum’s value since October 10.
The Ethereum (ETH) market has faced a sharp decline in demand after Bitmine, one of the largest institutional buyers of the asset, reportedly suffered losses exceeding $1.3 billion. According to analysts from 10x Research, the company has exhausted its liquidity and can no longer support ETH’s price — creating a significant risk of further market decline.
Bitcoin fell below $104,000 for the first time in several weeks, as traders warned of a possible return to levels below $100,000, while new buyers accumulated unrealized losses.
Bitcoin extended its losses on Tuesday, dropping below $105,000 as one of the largest liquidation waves in recent weeks swept through cryptocurrency markets, with investors growing cautious amid uncertainty surrounding the U.S. Federal Reserve’s interest rate outlook.
Today’s daily Bitcoin chart paints a bearish picture, as BTC dropped 3.1% from its daily high of $110,665 to $106,500.
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