Bitcoin Dips Below $94k! Is It the End of the Crypto World? Find Out Now!

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Markets

What to know:

  • Bitcoin briefly dipped below $94,000 for the first time since May 6, according to TradingView.
  • Traders are panic-stricken and analysts are waving red flags about possible further declines. Yikes.
  • Michael Saylor teased that Strategy (MSTR) will announce another massive bitcoin purchase on Monday. Spoiler alert: it’s probably not a sale.

Bitcoin took a little tumble on Sunday, dipping to its lowest point since May before recovering some of its losses. Why? Well, the crypto market is absolutely drenched in fear. The Crypto Fear & Greed Index showed a solid 10 – that’s right, “extreme fear” territory, like the emotional equivalent of watching your ex walk into the same party.

By 6:20 p.m. UTC, Bitcoin was at $95,087 – a 1% drop over 24 hours after hitting a low point just under $94,000. The day’s low was officially the lowest since May 6, according to TradingView. So much for those “sky’s the limit” dreams, right?

Meanwhile, other cryptos didn’t exactly shine either. Ether dropped by 3.23%, bringing it down to $3,113. XRP? Down 2.1%, falling to $2.21. BNB lost 1.6%, and Solana got hit the hardest, sliding 3.6% to $137.79. So basically, it’s a digital currency massacre out there. Fun times!

Analysts See Room for Even More Declines

Crypto analyst Ali Martinez tossed his hat in the ring, claiming Bitcoin had “broken out of a channel,” which could lead to a slide toward $83,500. No biggie, right? Just a small dip to $83,500. Totally normal.

Then there’s Benjamin Cowen, who noted a “death cross” on Bitcoin’s chart. (Don’t worry, this isn’t a Metallica song, just a bad signal.) He says if Bitcoin doesn’t bounce back within the next week, we might be staring at another drop before any hope of a rally. But hey, maybe we’ll get lucky! Cowen’s advice? “Trade the market you have, not the one you want.” Well, thanks for the positivity, Benjamin.

Retail Panic Signals Potential Reversal

Market intelligence platform Santiment saw Bitcoin discussion rates spike during Friday’s drop below $95,000. Apparently, retail fear is at an all-time high. Santiment thinks this could lead to a market reversal, but of course, they also reminded us that there are no guarantees in crypto. So, hold onto your hats, folks.

Michael Saylor Teases a Big Bitcoin Purchase

Michael Saylor, the man who never sleeps when it comes to Bitcoin, hinted at another big purchase by Strategy (MSTR). On X, he dropped the cryptic “Big Week” message and attached a screenshot from StategyTracker. The suspense is killing us, Mike. Please just buy the whole blockchain while you’re at it.

Gold Continues to Outshine Digital Assets

Market strategist Charlie Bilello pointed out that gold is up a dazzling 55% this year, calling it 2025’s top-performing asset. Meanwhile, Bitcoin? A mere 1% increase, making it the worst-performing major asset. Bilello went on to say that this is the exact opposite of 2013 – a true reversal of fortune. Guess it’s time to start wearing gold chains instead of Bitcoin hats.

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2025-11-16 22:10