New Delhi, 20 November (Udaipur Kiran)। The world’s largest cryptocurrency Bitcoin continued to decline on Thursday, slipping to a low of 92,000 dollars. Investor sentiment weakened due to uncertainty over a possible interest rate cut by the US Federal Reserve in December.
As of 6:15 am, Bitcoin was down 0.41% at 92,140.39 dollars. Its total market cap stood at 1.83 trillion dollars, while the 24-hour trading volume was 80.08 billion dollars. Ether, the second-largest cryptocurrency, also fell 0.28% to 3,042 dollars.
Reason Behind the Fall
The probability of a Fed rate cut in December has dropped to just 32%. Meeting minutes indicated that the Federal Reserve remains cautious about inflation and the labour market. This has pushed investors away from risky assets.
Higher interest rates reduce the appeal of assets like Bitcoin, which do not generate regular income. Continuous outflows from spot Bitcoin ETFs for the fifth straight day also added selling pressure.
Recent Pressure and Losses
Bitcoin has remained under pressure in recent days. On Tuesday, 18 November, it fell below 90,000 dollars for the first time in seven months. The highly volatile cryptocurrency has now wiped out all its gains of 2025 and is nearly 30% below its October peak of 126,000 dollars. Ether has also slipped around 40% from its August peak of 4,955 dollars.
Market Sentiment
The crypto market is still struggling to stabilise after a massive sell-off at the start of October that erased over 1 trillion dollars in value. While large institutional investors remain invested, participation from retail traders and bargain buying activity has weakened.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
