Bitcoin, the world’s leading cryptocurrency, plunged below the $90,000 mark. This happened on Tuesday, November 18, 2025. It is the first time in seven months that Bitcoin has reached this low.

Bitcoin had previously soared to an all-time high. It touched over $126,000 in October. Now, it has lost all gains recorded in 2025. The cryptocurrency is currently down almost 30 per cent from its peak.

Market Downturn and Key Factors

A Reuters report confirmed Bitcoin traded around $89,953. This occurred during the early afternoon session in Asia. The fall extends last week’s dramatic decline. Bitcoin broke a key chart support level at $98,000.

Traders point to several factors for this sell-off. Doubts about the timing of U.S. interest rate cuts played a role. A broader pullback in global markets also contributed. This follows months of aggressive rallies.

Analysts spoke to Reuters about the situation. They stated that investor uncertainty continues. This applies to the U.S. Federal Reserve’s next move. As long as this uncertainty persists, risk-sensitive assets like cryptocurrencies will remain under pressure.

“The mood has soured,” one market participant noted. They added that crypto’s sharp downturn reflects a wider reluctance. Investors are hesitant to take fresh speculative positions.

Impact on Crypto Companies and Wider Markets

This bearish shift has also rattled companies linked to crypto. Firms that hold or gather digital tokens are affected. This includes Strategy. Miners like Riot Platforms and Mara Holdings have also seen their shares fall sharply. Major exchange Coinbase has experienced declines too. This aligns with the weakening market sentiment.

Asian equities generally traded lower on Tuesday. Technology shares in Japan and South Korea suffered heavy losses. This mirrors the retreat seen in digital assets.

The rout has not spared other cryptocurrencies. Ether, the second-largest digital asset, has faced months of selling pressure. It is now almost 40 per cent down from its August high. That peak was above $4,955. Ether slipped another 1 per cent on Tuesday. It traded around $2,997.

Historical Context and Future Outlook

Earlier this year, a Bitcoin slump preceded an equities sell-off. This happened in April after the U.S. imposed tariffs. Investors are now speculating. They wonder if the current slide might again signal an early warning.

For now, traders remain cautious. They note the plunge’s breadth and speed. These factors could keep markets on edge in the coming days.