The Kabul Tribune (KT) — According to a Reuters report published on Tuesday, November 18, 2025, Bitcoin dropped below $90,000 for the first time in seven months, signaling that investor appetite for risk is cooling across financial markets.
The risk-sensitive cryptocurrency has erased all gains made
this year and is now nearly 30% below its October peak of over $126,000.
Bitcoin was last down 1.1% at $92,891, after dipping as low as $89,286.75.
Over the past six weeks, approximately $1.2 trillion has
been wiped off the total market value of all cryptocurrencies, according to
CoinGecko. Market analysts attributed the decline to doubts over potential U.S.
interest rate cuts and a broader risk-averse mood following a prolonged market
rally.
Joshua Chu, co-chair of the Hong Kong Web3 Association,
said, “The cascading selloff is amplified by listed companies and institutions
exiting their positions after piling in during the rally, compounding contagion
risks across the market. When support thins and macro uncertainty rises,
confidence can erode with remarkable speed.”
Speculators hoping for supportive U.S. regulation have begun
pulling back, causing steady outflows from ETFs and similar instruments,
according to Joseph Edwards at Enigma Securities. He noted that while the sell
pressure is not extraordinary, it is hitting a relative weak point on the
buying side, especially after retail investors were affected by a flash crash
in October that triggered $19 billion in liquidations.
Corporate crypto stockpilers such as Strategy (MSTR.O), Riot
Platforms (RIOT.O), Mara Holdings (MARA.O), and the Coinbase exchange (COIN.O)
have all slid amid the souring market sentiment. Standard Chartered Bank warned
that a drop below $90,000 could leave half of these companies’ Bitcoin holdings
“underwater,” referring to assets worth less than their purchase price.
Strategy, the largest corporate Bitcoin holder, continued to
add to its stockpile, acquiring 8,178 Bitcoin on Monday. As of Sunday, the
company held 649,870 tokens at roughly $74,433 per Bitcoin, according to
founder Michael Saylor on X.
Ether has also been under pressure, losing nearly 40% of its
value since its August peak above $4,955. Matthew Dibb, chief investment
officer at Astronaut Capital, said, “All in all, sentiment is pretty low in
crypto and has been since the leverage wipeout of October.”
