Bitcoin breaks through $90,000 mark

VTV.vn - Bitcoin could bottom out this week, after falling to its lowest level in 7 months.

At noon on November 18, the cryptocurrency market continued to witness very strong fluctuations when Bitcoin price officially broke through the psychological threshold of 90,000 USD, down to 89,540 USD, losing more than 5% in the past 24 hours.

Other cryptocurrencies also fell sharply. Ethereum fell more than 5% to $3,010; XRP fell nearly 4% to $2.1; BNB and Solana fell nearly 3% to $908 and $136.

Bitcoin could bottom out as early as this week, after falling to a seven-month low, according to BitMine President Tom Lee and Bitwise Chief Investment Officer Matt Hougan.

Sharing with CNBC, Tom Lee said the market is still affected by the strong sell-off on October 10, while investor sentiment is dominated by concerns about whether the US will lower interest rates in December or not.

However, he believes that the bearish pressure is waning and there are signs that Bitcoin could bottom in the next few days.

After surpassing $126,000 /BTC in October, Bitcoin prices have plummeted, wiping out all of its gains in 2025. The sharp decline from its historic peak comes at a time when Bitcoin is expected to cement its legitimacy.

Wall Street has gotten in on the act, with ETFs making crypto a popular investment, and the Trump administration showing its full support for digital assets.

But the market has turned around and is down again. Bitcoin’s market capitalization has evaporated more than $600 billion since its October peak. Volatility is common in the crypto world , but this time the sentiment change was too rapid, and the explanations were not convincing.

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Source: https://vtv.vn/bitcoin-thung-moc-90000-usd-100251118144419765.htm