Bitcoin has plunged to its lowest level since April, continuing a sharp downturn that has rattled the cryptocurrency market. The world’s largest digital asset fell below $100,000 on November 20, 2025, marking a significant retreat from its recent highs and sparking renewed concerns among investors.
According to data from Statista, Bitcoin’s price dropped to $102,960.78 on November 12, down from $105,909.07 just a day earlier. The decline follows a broader market sell-off triggered by stronger-than-expected U.S. jobs data and robust earnings from tech giant Nvidia, which have shifted investor sentiment away from riskier assets like cryptocurrencies.
The rout has not been limited to Bitcoin. Major altcoins have also seen steep losses, with Ethereum, Solana, and other leading digital assets posting double-digit percentage declines over the past week. Market analysts attribute the downturn to a combination of macroeconomic factors and technical selling pressure.
“The recent jobs report and Nvidia’s earnings have reinforced expectations of higher interest rates and tighter monetary policy,” said Ari Redbord, Head of Intelligence at TRM Labs, speaking at the Clear Street Disruptive Technology Conference. “This environment is not conducive to speculative assets like crypto, which are highly sensitive to changes in risk appetite.”
Bitcoin’s fall below the $100,000 mark is particularly notable given the asset’s strong performance earlier in the year. After reaching an all-time high in March 2025, Bitcoin had maintained a bullish trajectory through the summer, fueled by institutional adoption and optimism around regulatory clarity. However, recent volatility has eroded much of those gains.
Trading volumes have surged as investors react to the downturn, with many liquidating positions to limit further losses. Data from major exchanges show a spike in sell orders, while open interest in Bitcoin futures has declined, suggesting a loss of confidence among leveraged traders.
Market watchers are now closely monitoring key technical levels. If Bitcoin fails to stabilize above $98,000, analysts warn of a deeper correction that could see the asset test support near $90,000. Conversely, a rebound above $105,000 could signal a resumption of the uptrend.
The broader crypto market is also grappling with regulatory uncertainty. Recent statements from U.S. regulators have hinted at stricter oversight of digital assets, adding to the headwinds facing the sector. Meanwhile, geopolitical tensions and global economic instability continue to weigh on investor sentiment.
Despite the current slump, some long-term investors remain optimistic. They argue that Bitcoin’s underlying fundamentals remain strong, with growing adoption by institutions and increasing use cases in decentralized finance and digital payments. However, near-term volatility is expected to persist as the market digests the latest macroeconomic developments.
As Bitcoin and other cryptocurrencies navigate this turbulent period, traders and investors are advised to exercise caution and closely monitor both technical indicators and macroeconomic news for signs of a potential turnaround.