2025.11.1803:50:49UTC+00Bitcoin Slides Further

Bitcoin experienced a nearly 2% decline, dropping to approximately $90,000, which intensifies a broader selloff that has erased all of its gains accumulated throughout the year and has driven it to its lowest point in six months. The overall cryptocurrency market capitalization has plummeted by at least 30% since peaking on October 6. Key investors, such as Exchange-Traded Funds (ETFs) and corporate treasury departments, have reduced their involvement over the past month, while the cooling of technology stocks has diminished the appetite for riskier investments. Analysts attribute this decline to profit-taking by long-term investors, decreasing liquidity, and broader macroeconomic pressures. Furthermore, institutional derisking and more constrained financial conditions have compelled investors to shy away from higher-beta assets. With liquidity remaining sparse, Bitcoin's future outlook continues to appear fragile. Traders are now turning their attention to Nvidia Corporation's impending earnings report, which serves as a crucial gauge for the technology sector and high-risk assets.