Is Bitcoin Plummeting to a Six-Month Low?
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Synopsis
Bitcoin has plummeted to a six-month low, experiencing a significant decline of nearly 30% since October. Market analysts highlight the impact of ETF outflows and bearish sentiments among large investors. As the crypto market mirrors Bitcoin's downturn, Ethereum and other cryptocurrencies are also showing signs of weakness. What does this mean for the future of digital currencies?
Key Takeaways
- Bitcoin has dropped to a six-month low, trading near $90,000.
- The cryptocurrency has erased all gains made in 2025.
- ETF outflows reached nearly $2 billion this week.
- Other cryptocurrencies like Ethereum and Solana are also experiencing declines.
- Market analysts warn of continued selling pressure and liquidity issues.
New Delhi, Nov 18 (NationPress) Bitcoin, the largest cryptocurrency globally, is experiencing significant selling pressure, tumbling to a six-month low and trading near the $90,000 level on Tuesday.
The severity of the drop is underscored by the fact that Bitcoin has now negated all the gains it achieved in 2025.
Having peaked at $126,000 in October, the cryptocurrency has seen a decline of nearly 30 percent.
This sharp downturn has pulled Bitcoin’s market capitalization back below the $2 trillion threshold.
Vikram Subburaj, CEO of Giottus.com, commented that Bitcoin's persistent downtrend has completely erased the 2025 rally.
He noted that selling pressure is evident across derivatives and exchange-traded products (ETFs).
Bitcoin ETF outflows have surged to $815 million, totaling nearly $2 billion in outflows this week.
Subburaj remarked that robust U.S. manufacturing data has diminished the chances of a rate cut in December, causing investors to adopt a more cautious stance. Despite the conclusion of the U.S. government shutdown, selling pressure on Bitcoin remains.
The wider crypto market reflects Bitcoin's decline. Ethereum has dipped below the $3,000 mark, Solana has plummeted over 20 percent this week, and XRP has decreased by 16 percent.
Overall, the global cryptocurrency market cap has dropped nearly 6 percent on a weekly basis.
Avinash Shekhar, CEO and co-founder of Pi42, stated that ETF outflows, increased short positions by large investors, and a decrease in liquidity have transformed a steady correction into a pronounced downturn.
Market analysts noted, "ETF outflows, whale-driven short positioning, and diminishing liquidity have shifted a standard correction into a deeper decline."
Besides Bitcoin, Ethereum has also fallen below its critical support level of $3,000, indicating a potential entry into a bearish phase.
BNB has dropped below $900, Solana is approaching $130, Dogecoin is hovering around $0.15, and Cardano is around $0.45.
Meanwhile, XRP remains resilient above $2.11, and Chainlink is trading above $13.11.
Point of View
It is imperative to stay informed on significant market movements. The recent downturn in Bitcoin and other cryptocurrencies reflects broader economic sentiments and investor behavior. While caution is advised, it is essential to analyze these trends within the context of market dynamics and developments. Our coverage will keep readers informed of potential implications on the financial landscape.
NationPress
18/11/2025
Frequently Asked Questions
What caused Bitcoin's recent decline?
Bitcoin's decline is attributed to significant selling pressure, increased ETF outflows, and cautious investor sentiment due to strong U.S. manufacturing data.
How much has Bitcoin dropped since its October peak?
Since its October peak of $126,000, Bitcoin has plummeted nearly 30%, trading close to $90,000.
What is the current market capitalization of Bitcoin?
Bitcoin’s market capitalization has fallen below the $2 trillion mark amid the recent decline.
Are other cryptocurrencies also affected?
Yes, the broader crypto market has mirrored Bitcoin's decline, with Ethereum, Solana, and XRP also experiencing significant drops.
What should investors be cautious about?
Investors should be cautious of potential further declines, as selling pressure and liquidity issues remain prevalent in the market.
