In accordance with BitJie, on November 18, 2025, the cryptocurrency market faced significant pressure as Bitcoin dropped below $90,000 for the first time in months. The price fell by approximately 5% to 6% in the past 24 hours, with a weekly decline of around 14%. The total market cap of cryptocurrencies fell to about $3.12 trillion, with a daily drop of 4%. Over $10 billion in leveraged positions were liquidated, with $718 million in long positions and $288 million in short positions lost. Ethereum dropped below $3,000, and most major altcoins fell between 4% to 5%. Analysts pointed to slower-than-expected U.S. interest rate cuts, rising panic, and Bitcoin’s 'death cross' as contributing factors to the downturn.
Bitcoin Falls Below $90,000 as Crypto Market Loses $3.12T in Value
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