Bitcoin plummeted to $89 thousand: what happened to the crypto market overnight
18 November 2025 09:50
On the night of November 18, the cryptocurrency market suffered a sharp drop. The price of Bitcoin, the world’s main and most liquid cryptocurrency, dropped to $89,732, one of the deepest declines in recent months. This is evidenced by the data of the monitoring resource CoinMarketCap, "Komersant Ukrainian" reports
Bitcoin fell below $90,000 for the first time in seven months. The fall was a continuation of a bearish phase that has been going on for several weeks.
In the last three weeks alone, BTC has lost about $24,000, which has increased anxiety among investors and traders.
What happened to the market
Analysts note that the market is under pressure from doubts about further interest rate cuts in the US and the general cooling of financial markets after a long period of growth, Reuters writes.
The markets are becoming less and less confident in an imminent easing of monetary policy, which is hitting all risky assets – from tech stocks to cryptocurrencies.
According to Joshua Chu, co-chairman of the Hong Kong Web3 Association, the decline is exacerbated by the fact that public companies and funds are taking profits in droves after actively entering the market during the growth.
“When support disappears and macroeconomic uncertainty increases, investor confidence can erode very quickly,” Chu says.
Not only bitcoin is falling
Amid the fall of bitcoin, shares of companies related to the crypto industry are also declining. In particular, the quotes of MicroStrategy, miners Riot Platforms and Mara Holdings, as well as the Coinbase crypto exchange, have fallen.
On Tuesday, most Asian stock indices also went into the red. Technology companies in Japan and South Korea were under particular pressure.
The cryptocurrency Ether has also been under pressure for several months – it has lost almost 40% of its August high of $4,955 and was trading at $2,997 (minus 1%) on Tuesday.
Does this mean the beginning of a bigger crash?
Bitcoin’s drop at the beginning of the year has already been a harbinger of a broader market selloff. In the spring, after the United States announced new tariffs, global markets also faltered.
According to Matthew Dibb, Chief Investment Officer at Astronaut Capital, the overall mood in the crypto market remains depressed after the massive liquidation collapse in October.
This again raises concerns that the crypto crash could signal further problems in traditional markets.
“The next major support level for bitcoin is $75,000. If the volatility in the markets remains high, we may see this mark,” he warns.
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