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The cryptocurrency plunged below the $90K threshold once again on Wednesday, as a multi-day sell-off persisted. Bitcoin Dips Below $90K and Paper Hands Start Panic Selling, Glassnode Says Bitcoin retreated below the $90K threshold once again, and skittish investors with so-called “paper hands” are getting the heck out of dodge in droves.

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In November 2025, Bitcoin's price journey entered a crucial phase as on-chain data hinted at a potential market bottom. Miners shifted to net buying, signaling possible confidence in future price increases.

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Venture capitalist Chamath Palihapitiya has issued a grim prediction for Bitcoin, forecasting that quantum computing will break the network's encryption by the end of the decade. However, Bitcoin OG Adam Back argues that Bitcoin will remain impervious to quantum computing risks for 20-40 years.

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On November 19, 2025, the cryptocurrency market experienced a significant downturn as Bitcoin dropped beneath $89,000, marking a critical shift in the digital currency landscape. At the same time, Ethereum fell below the $2,900 threshold, shaking investor confidence and sending shockwaves throughout the market.

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In November 2025, financial strategist Mike McGlone revisited a prediction he famously made back in 2018 about Bitcoin's volatile nature. Known for his cautious forecasts during periods of market exuberance, McGlone now warns that the current trends suggest a significant downturn could be on the horizon for the cryptocurrency.

 

The introduction of Canary Capital's spot-XRP ETF marked a major moment for the XRP community this year. It brought the asset into the regulated ETF arena in the United States, drawing strong early demand from investors and impressive first-week inflows.

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Hashnote launched its USYC tokenized money market fund on BNB Chain, bringing $1.07 billion in yield-bearing institutional assets to the network's DeFi ecosystem.

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The Winklevoss-backed Cypherpunk Technologies just topped up its Zcash treasury, with the privacy coin rising another 31% in the last week.

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XRP price is currently facing downward pressure following a significant 12% decline over the past week, pushing the cryptocurrency below the $2 mark. In the last 24 hours, XRP has fallen by 8%, aligning with a broader market downturn, which saw a 5.12% drop across the crypto space.

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US-based investment bank JPMorgan has made a brave forecast for Bitcoin (BTC), predicting the asset to rise as high as $170,000 next year.

 

Digital asset entrepreneur Mike Alfred hinted that the United States will not begin accumulating Bitcoin until it gets a nudge from others.

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The FOMC minutes have further cooled optimism about another rate cut at the December meeting. The minutes indicated that most Fed officials oppose a third cut this year, as they turn their attention to rising inflation.

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The Federal Reserve's newly released minutes from the October 28–29 meeting have thrown fresh uncertainty into the December policy outlook, sharpening market volatility across equities, bonds, and Bitcoin.

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As retail sentiment reaches its lowest level in months, institutional players have continued to show interest in the crypto industry, regardless of the market's performance, signaling long-term confidence in the sector with their expansion to multiple blockchains, such as the BNB Chain and Ethereum.

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BlackRock's iShares Bitcoin Trust (IBIT) recorded $523 million in net outflows on Tuesday, its most significant single-day withdrawal since it launched.

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Saros expanded its Liquidity Grant Program to $10 million to support projects bringing their tokens to Solana using Wormhole's NTT standard. Selected projects will receive liquidity pools paired with $SAROS without the need for stablecoins or additional incentives.

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On Wednesday, the crypto market coughed up a hefty chunk of value as bitcoin slipped under the $89,000 mark and ethereum dipped below $2,900. While the heavyweights took their hits, plenty of alternative assets face-planted hard enough to make even seasoned holders feel queasy.

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XRP is under renewed pressure as the broader market downturn drags its profitability metrics back to levels last seen during Donald Trump's November 2024 re-election. Glassnode data shows that only 58.5% of XRP's circulating supply is now in profit.

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Ethereum trades near $3,100 after a structure break at $2,940. Analysts expect a short-term move toward the $3,270–$3,360 liquidity zone.

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Bitcoin's slide below $90K comes as markets price in fewer December rate-cut odds, triggering fear and broad crypto sell-offs. Billions have exited BTC ETFs, over-leveraged longs have been wiped out, and losing $100K support added momentum to the drop.

 

On-chain data, miner net buying and STH capitulation, signaled a potential market bottom.

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TL;DR: On-chain data shows retail capitulation in BTC, ETH, and XRP, which analysts interpret as a potential bottom signal. Experts highlight early momentum momentum in Bitcoin and relative strength in Ethereum and XRP as signs of tentative recovery.

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New Hampshire moved this week to foster the state's first effort toward establishing a $100 million bitcoin BTC$88,880.19 bond, which would be directed by a state entity but backed by a private-sector firm, according to those involved with the effort.

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The 21shares Solana exchange-traded fund (TSOL) debuted with over $100 million in assets under management, signaling investor interest.

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Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and XRP (CRYPTO: XRP) are accelerating their decline, but one analyst says panic selling here would be "the worst call of the cycle." Analyst Flags Oversold Signals Across Key Timeframes Bitcoin's decline has pushed the daily RSI into oversold conditions, with the analyst noting that similar readings marked primary lows at $83,000 and again during the July and October resets.