Bitcoin continues downward slide 📉

Bitcoin's downward momentum continued Thursday, as the top cryptocurrency tumbled more than 30% from its all-time high.

Author

Stephen Graves
November 20, 2025

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đź“ť What you need to know

Bitcoin’s downward slide continued Thursday, to lows of under $87,000, as hopes of a third rate cut this year faded following the delayed release of September jobs data.

The top cryptocurrency is down more than 30% from its all-time high over $126,000 in early October. Optimism over a third rate cut has slipped, with users on prediction market Myriad (owned by Decrypt’s parent company Dastan) now putting just a 36% chance on a 25bps rate cut in December.

Spot Bitcoin ETF flows turned positive Wednesday after a five-day rout, but analysts warned that institutional investors are reassessing their exposure to “defensive positioning” amid broader risk-off sentiment and uncertainty over interest rates.

Bitcoin, Ethereum and XRP Dive as Rate Cut Hopes Fade, Liquidations Near $1 Billion

Bitcoin is being battered again Thursday, falling below the $87,000 mark for the first time in seven months as liquidations top $900 million.

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Will the FED cut by 25bps in December?

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đź“š Watch and Learn

📹️ WATCH: NVDA Earnings Call Pumps Crypto briefly! BTC then dumps to $87,000!

Despite short-term strength, Bitcoin and Ethereum charts have printed death crosses. U.S. interest rate-cut odds have fallen to just 33% after delayed economic data and FOMC minutes dampened expectations for a December cut.

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