Bitcoin breaks below $90K, dragging crypto markets to multi-month lows

November 18, 2025 (MLN):  Bitcoin is leading a fresh wave of volatility across the cryptocurrency market, plunging below $90,000 and hitting its lowest level since late April.

The renewed downturn gained momentum after the world’s largest digital asset closed last week under its 50-week moving average, a technical break that unleashed a new round of selling and effectively ended the two-year bullish trend.

Despite brief attempts to stabilize Bitcoin momentarily recovered to around $90,391 and had touched $125,245.57 on the morning of October 5 the broader trajectory has turned decisively downward.

The coin is now more than 30% below recent highs, pressured by global risk aversion, profit-taking among long-term holders, and tightening liquidity across financial markets.

Ethereum is also under heavy pressure, falling below $3,000 as it mirrors Bitcoin’s break beneath long-term support. Traders are watching the $2,300 region, near the 200-week moving average, as the next potential floor, while a deeper slide toward $1,700 remains a plausible pessimistic scenario.

The broader digital-asset landscape is suffering alongside the leading cryptocurrencies. Total market capitalization dropped another 4% in the past 24 hours, sliding to $3.07 trillion, its lowest level since early May.

Major tokens Bitcoin, Ethereum, and XRP are steering the decline with losses exceeding 5%. A handful of altcoins such as Monero (+2.7%), Tron (-1.8%), and Bitcoin Cash (-2.4%) appear to be holding up marginally better, though this reflects delayed pressure rather than relative strength.

Underlying the selloff is a shift in expectations for U.S. monetary policy. Markets had been pricing in a higher probability of a Federal Reserve rate cut in December, but reassessments and weakness in major equity indices have discouraged risk-taking. That shift has left speculative assets especially Bitcoin more vulnerable to sustained drawdowns.

This latest downturn follows a wave of early-October liquidations that erased over $19 billion in leveraged positions and wiped more than $1 trillion from token valuations. The reversal has surprised parts of Wall Street that viewed spot Bitcoin ETFs as potential stabilizers, expecting institutional participation to dampen volatility.

Instead, the market has delivered a stark reminder: a regulated investment wrapper does little to tame Bitcoin’s inherent price swings.

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