Bitcoin slipped under $90,000 on Monday, its weakest level since April, as a wave of selling pressure continues to sweep through global crypto markets. The world’s largest digital asset briefly touched $89,426, extending a month-long decline that has now erased every gain the cryptocurrency made in 2025.
The drop underscores a broader shift in investor sentiment. Analysts point to renewed economic uncertainty in the United States, where expectations of another Federal Reserve rate cut in December have dimmed. When interest-rate relief appears less likely, investors typically pull back from high-risk assets—and crypto is usually first in line.
Bitcoin last saw this level in April, during a sharp market shakeout triggered by former President Donald Trump’s tariff announcements at his “Liberation Day” event. The pattern is familiar: when macro fears rise, crypto retreats.
The selloff is not limited to bitcoin. The rest of the crypto market is showing the same strain:
Ether fell below $3,000 after a 5.6% drop, XRP, BNB, and Solana each declined between 3% and 4%, Dogecoin, the market’s largest memecoin, lost another 3.8%
The breadth of the downturn signals that investors are stepping away from the entire sector, not just bitcoin.
Options data suggests the market may not have found its floor. According to positioning on Deribit, traders are actively buying insurance against further losses, with increased demand for contracts protecting against a fall to $85,000 and even $80,000. The shift reflects a growing belief that the selling pressure could continue into December.
Key Takeaway
For new investors—especially those in Jamaica and the Caribbean diaspora—this moment is an important reminder of crypto’s reality: prices move fast, and corrections can wipe out months of gains in days. Bitcoin’s sudden reversal reinforces why crypto should remain a small, speculative portion of any long-term portfolio.
Periods like this can tempt emotional decisions, but experienced investors know the rule: volatility is not a signal to panic—it’s a signal to stay disciplined.