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Bitcoin Price Slumps to $89,900 as Fear, Caution Grip Crypto Market

Bitcoin Price Slumps to $89,900 as Fear, Caution Grip Crypto Market

Crypto market weakens further as liquidity tightens and major tokens test critical support zones.

Written by Rahul Dhingra, Edited by David Delima | Updated: 18 November 2025 13:01 IST

Bitcoin Price Slumps to $89,900 as Fear, Caution Grip Crypto Market

Photo Credit: Unsplash/Kanchanara

Bitcoin and major altcoins fall as traders cut risk during heightened market stress

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Highlights

Bitcoin tests multi-month lows as liquidity continues to thin
Altcoins lose key support amidst rising liquidations and fear
Analysts say correction may be entering its final phase

Bitcoin's price dropped to around $89,941 (roughly Rs. 79.7 lakh) on Tuesday as the broader crypto market entered a deeper risk-off phase amidst panic-driven selling and rapidly deteriorating liquidity conditions. The decline follows a severe weekend rout that erased year-to-date gains and pushed Bitcoin below several key psychological levels. According to analysts, the market is digesting overstretched sentiment, heavy ETF outflows, and sustained institutional unwinding. Ethereum (ETH) slipped to $3,004 (roughly Rs. 2.66 lakh), extending its week-long weakness. According to the Gadgets 360 price tracker, Bitcoin is priced around Rs. 79.2 lakh in India, while Ethereum trades at roughly Rs. 2.6 lakh.

Altcoin Losses Deepen as Market Volatility Intensifies

Altcoins extended their declines as liquidity pressures mounted across major tokens. Solana (SOL) fell 3.2 percent to $135 (roughly Rs. 12,000), XRP dropped 4.1 percent to $2.15 (roughly Rs. 190), and Binance Coin (BNB) slipped 2.7 percent to $907 (roughly Rs. 80,400). Dogecoin (DOGE) also retreated 3.9 percent to $0.15 (roughly Rs. 13.70).

Vikram Subburaj, CEO of Giottus.com, said the latest market slide reflects the culmination of several stress points across global and crypto-native systems. “Despite heavy losses, on-chain indicators such as realised losses and short-term holder capitulation suggest the market may be entering a late-stage correction phase rather than a structural bear reversal [...] Strong US manufacturing data and fading expectations of a December US Fed rate cut have tightened financial conditions [...] Read this as a late-stage correction, not a broken structure.”

Steak ‘n Shake Heads to El Salvador as Bitcoin Strategy Gains Momentum

Riya Sehgal, Research Analyst at Delta Exchange, said panic-driven liquidations are accelerating market weakness. “The correction is being amplified by ETF outflows and institutional profit-taking, notably by large players such as BlackRock [...] BTC futures flipping below spot for the first time since March 2025 highlights growing risk aversion. Technically, Bitcoin is testing the $89,000–$91,000 (roughly Rs. 78.9 lakh–Rs. 80.7 lakh) support zone.”

The CoinDCX Research Team said the downturn confirms the beginning of a bearish cycle.
“The crypto winter has begun as the Bitcoin price marked an intraday low of around $90,250 (roughly Rs. 79.99 lakh), levels not visited since April. With this, the Ethereum price also lost the strongly held support at $3,000 (roughly Rs. 2.66 lakh), confirming the beginning of a bearish phase [...] On the other hand, four XRP spot ETFs are expected to launch this week, with three more in the next 21 days, which is expected to keep the price stable amidst the volatility.”

Market sentiment remains deeply fragile, and analysts say that Bitcoin's ability to defend the $90,000–$92,000 (roughly Rs. 79.8 lakh–Rs. 81.5 lakh) support band will determine whether the market stabilises or extends its decline.

With liquidity thinning, ETF outflows rising, and institutional leverage resetting, traders say fresh capital inflows and improvements in macro clarity will be essential for any sustained recovery attempt in the coming days.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

Cryptocurrency Prices across Indian exchanges

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Further reading: Bitcoin, Ethereum, crypto news india, Cryptocurrency

Rahul Dhingra

Email Rahul Dhingra

Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Crypto Exchange. Rahul loves storytelling, not just through the written word but also through the visual medium. Beyond his professional life, Rahul is a sports fanatic. Whether it’s cricket or football, his passion for the game is contagious. More