Bitcoin continues to fall in price: it reached the mark below $85,000 for the first time in six months

Bitcoin is losing value

The price of the first cryptocurrency continues to decline. On Friday, November 21, the price of Bitcoin fell below the $85 mark000. For the last few months starting from April, this is the lowest indicator.

This is reported by CoinMarketCap. “Digital gold” in a day lost 9.45%, for the week – approximately 14%. On Friday, the value of Bitcoin is almost $83,000, nearing its lowest level in the last year. These data are provided by pby 13:00 on November 21.

Data from CoinMarketCap

Analysts believe that the current decline in the crypto market is caused by long-term negative dynamics associated with the deterioration of the general macroeconomic situation. This was stated by the managing partner of Monarq Asset Management Shiliang Tan in his comment for Bloomberg.

According to the specialist, the probability that the Federal Reserve System of the United States will loosen monetary policy in December 2025 has decreased to 50%. Coupled with the fact that Bitcoin lost the major support level of $100000, this favors interest in safe-haven instruments such as bonds and gold and has a negative effect on high-risk investments.

Should you get rid of Bitcoins? Despite the panic among traders, analysts advise to refrain from mass sales of cryptocurrency. In January 2025, Bitcoin reached a record high of 113,000. Then it dropped to 100,000 (in March), and then fell again to 85 (in April). And all this in order to soar again, up to 128 thousand.

Now the situation has not changed. Analysts expect further changes in bat behavior. However, they point out that the number of sellers who started selling their assets in bitcoin amid the previous downturn has now significantly decreased. Therefore, as the Informant wrote, the most likely scenario is a reversal to growth.

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