Bitcoin slides below $86K — Its lowest level since April
Photo: Bitcoin falls below $86,000 for the first time since April (Getty Images)
The cryptocurrency market has been in decline for over a month, with Bitcoin dropping 2.1% to below $86,000, according to Bloomberg.
The market leader, Bitcoin, fell 2.1% to below $86,000 for the first time since April, as the market struggled to find new buyers and the momentum that had supported prices earlier in the year faded.
The pullback comes after weeks of declines among short-term traders and delayed positioning following October's record surge, which left the market more vulnerable to selling pressure and sharp fluctuations.
On Friday, November 21, at 10:59 a.m. in Singapore, Bitcoin was trading at $85,474.
This drop highlights the fragility of sentiment in the cryptocurrency market. Analysts note that if Bitcoin, considered a barometer of risk appetite, continues to fall, overall market conditions may worsen.
Over the past six weeks, the total market capitalization of all cryptocurrencies has decreased by approximately $1.2 trillion.
As a reminder, in July, Bitcoin set a series of rapid price records.
On July 13, the cryptocurrency's value reached $119,000. By July 14, it had climbed to $120,000.
However, by November, Bitcoin had fallen below the 90,000-dollar mark, continuing its deepest monthly decline in the past year. This effectively erased its gains for 2025 and sharply worsened sentiment in the digital asset market.
