- Bitcoin Crashes Below $90,000 As Market Sentiment Weakens.
- Uncertainty over U.S. rate cuts fuels sell-offs across crypto markets.
- Ether and crypto-linked stocks fall as global risk appetite weakens.
Bitcoin plunged below $90,000 on Tuesday, November 18, 2025, marking its weakest level in seven months and signalling a sharp retreat in investor appetite for risk assets across global markets.
EDITOR’S PICKS
- Emirates To Resume Flights To Nigeria After Two-Year Suspension
- Trump: BBC Questions Data Behind ‘Christian Genocide’ Claims In Nigeria
- PDP Faction Postpones Ekiti Governorship Primary
EKO HOT BLOG reports that the world’s largest cryptocurrency, which soared to an all-time high above $126,000 in October, has now erased all gains recorded in 2025 and is down nearly 30 per cent from its peak. According to a Reuters update, Bitcoin traded around $89,953 during the early afternoon session in Asia, extending last week’s steep losses after breaking a key support level at $98,000.
Traders say the sell-off is being driven by renewed uncertainty over the timing of U.S. interest-rate cuts, alongside a broader pullback across global markets after months of aggressive rallies. Analysts told Reuters that risk-sensitive assets such as cryptocurrencies are likely to remain under pressure as long as investors remain unsure of the U.S. Federal Reserve’s next policy direction.
“The mood has soured,” one market participant said, explaining that the downturn reflects a wider reluctance among investors to take on fresh speculative positions.
The latest slump has also shaken crypto-exposed companies. Firms that hold or accumulate digital tokens, including Strategy, as well as major mining companies like Riot Platforms and Mara Holdings, have all recorded significant share-price declines. Leading crypto exchange Coinbase has likewise suffered losses in line with weakening market sentiment.
Asian markets mirrored the negative trend on Tuesday, with major technology shares in Japan and South Korea falling sharply as digital assets continued to retreat.
The downturn has extended beyond Bitcoin. Ether, the second-largest cryptocurrency, has faced months of selling pressure and is now down almost 40 per cent from its August high above $4,955. It slipped a further 1 per cent on Tuesday to trade around $2,997.
Concerns are rising that the prolonged crypto slump could spill over into the broader equities market. Earlier this year, a Bitcoin downturn preceded an equity sell-off in April following U.S. tariff actions, raising speculation that the current decline could again serve as an early warning indicator. Traders say the speed and scale of the latest fall may keep global markets cautious in the coming days.
FURTHER READING
- Tinubu Swears In Two New Ministers
- Hilda Baci Receives Second Guinness World Record Plaque
- Senate Passes Landmark Bill: Lecturers Who S3xually Harass Students to Face 14 Years in Jail
