Bitcoin prices continued their steep decline on November 18, falling more than 5.3% from yesterday\u2019s close and extending losses to over 26% from the October peak of $126,000. The world\u2019s largest cryptocurrency dropped as low as $89,426, briefly slipping below the $90,000 mark for the first time in seven months.<\/p>\n
Bitcoin is now down more than 30% from its October high, erasing all gains made since the start of 2025.<\/p>\n
Market sentiment has weakened sharply, with fears rising that the price could slide further toward the $80,000 level, fueled by selling pressure from new entrants.<\/p>\n
Ashish Singhal, Co-founder of CoinSwitch, said Bitcoin\u2019s decline was driven by uncertainty around potential US interest rate cuts, broader weakness in equity markets, and large investors reducing their positions.<\/p>\n
\u201cBitcoin fell below $90,000 for the first time in seven months\u2026 the movement reflects short-term volatility across markets,\u201d he said, adding that some participants may view the pullback as an accumulation opportunity.<\/p>\n
Vikram Subburaj, CEO of Giottus.com, said the cryptocurrency\u2019s fundamentals had not deteriorated.<\/p>\n
\u201cIt has slid almost 30% from the October peak\u2026 investors are digesting stickier US rates and a broader de-rating of risk assets,\u201d he noted.<\/p>\n
Also Read<\/strong>: iPhone Surge in India to Drive Multi-Year Double-Digit Growth<\/a><\/em><\/p>\n The spot ETFs that helped drive Bitcoin\u2019s previous rally are now seeing heavy outflows. Over the past month, $2.8 billion has exited Bitcoin ETFs, removing a key source of demand and adding fresh downward pressure on prices.<\/p>\n The sell-off has spilled into the broader crypto market:<\/p>\n Ethereum: down 5.6%<\/p>\n<\/li>\n XRP: down 3.8%<\/p>\n<\/li>\n Binance Coin: down 3%<\/p>\n<\/li>\n Solana: down 3.2%<\/p>\n<\/li>\n<\/ul>\n This synchronized decline highlights the market\u2019s shift into a risk-off phase as investors reduce exposure across the crypto ecosystem.<\/p>\n Despite the correction, institutional demand remains active. Edul Patel, CEO of Mudrex, said strong conviction among large investors continues, noting that Strategy recently purchased 8,178 Bitcoin worth $835 million, helping offset selling pressure.<\/p>\n Patel added that on-chain data shows rising activity from short-term holders, a pattern often seen near market bottoms.<\/p>\n Citing Deribit data, Bloomberg reported that sentiment had shifted quickly, with fears increasing of Bitcoin sliding to $90,000, $85,000, and even $80,000 levels.<\/p>\n According to Patel, Bitcoin has taken support at $89,500 and is attempting to stabilize.<\/p>\n Upside: sustained buying could push prices to $93,000\u2013$95,000<\/p>\n<\/li>\n Downside: a move toward $85,000 cannot be ruled out<\/p>\n<\/li>\n<\/ul>\n Crypto remains unregulated in India and is known for extreme price swings. Subburaj cautioned investors to follow disciplined strategies.<\/p>\n \u201cRespect volatility, avoid leverage, and use rupee-cost averaging\u2026 Bitcoin rewards those who stay solvent and unemotional in a fluctuating market,\u201d he said.<\/p>\n Click here to explore: Bitcoin prices continued their steep decline on November 18, falling more than 5.3% from yesterday\u2019s close and extending losses to over 26% from the October peak of $126,000. The world\u2019s largest cryptocurrency dropped as low as $89,426, briefly slipping below the $90,000 mark for the first time in seven months. Bitcoin is now down more […]<\/p>\n","protected":false},"author":2,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1362],"tags":[],"ppma_author":[1329],"class_list":{"0":"post-17629","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance-and-economy-news"}," _eael_post_view_count":0,"authors":[{"term_id":1329,"user_id":2,"is_guest":0,"slug":"snehagandhi","display_name":"Sneha Gandhi","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/10\/Sneha-Gandhi.jpeg","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/10\/Sneha-Gandhi.jpeg"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/17629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=17629"}],"version-history":[{"count":1,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/17629\/revisions"}],"predecessor-version":[{"id":17631,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/17629\/revisions\/17631"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/17630"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=17629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=17629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=17629"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=17629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}ETF Outflows Add Pressure<\/h2>\n
Altcoins Also Decline<\/h2>\n
\n
Institutional Buying Provides Some Support<\/h2>\n
Key Levels to Watch<\/h2>\n
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Volatility Remains High; Experts Advise Caution<\/h3>\n
\n<\/strong><\/em>Gift Nifty<\/a>
\nFII DII Data<\/a>
\nIPO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"