Bitcoin crashes below $94,000 as selloff deepens
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Written by
Simonas Brazionis - Updated 2025-11-16 19:16:53
Fed concerns and bearish signals push BTC to its lowest level since May
Bitcoin fell sharply to around $94,000, marking its biggest drop in months as traders rushed out of risk assets before the U.S. futures market opened. CoinGecko shows BTC briefly touching $93,657, reflecting renewed market fear.
The selloff comes after the probability of a December Federal Reserve rate cut fell to 44%, the lowest level so far. With fewer expectations of cheaper borrowing costs, investors are moving into defensive positions and reducing exposure to crypto.
Technical signals are adding pressure. Bitcoin is close to forming a death cross, a bearish pattern where a short-term moving average crosses below a long-term one. On-chain data also shows rising exchange inflows, hinting that more holders may be preparing to sell.
Altcoins and crypto-related stocks have weakened as well, even as U.S. equity markets attempt to stabilize. Analysts warn that if BTC loses support near current levels, it could test the $90,000 range next. Others note that long-term fundamentals remain unchanged, but short-term volatility is likely to continue.
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