Bitcoin Falls to Six-Month Low as Market Sell-Off Intensifies

Is the crypto market due for a massive correction? In the wake of a blistering early-October rally that lifted Bitcoin to approximately $126,000, the cryptocurrency has fallen by nearly 25% in recent weeks as excitement around President Donald Trump’s pro-crypto approach began to fade. Fresh market figures show Bitcoin (BTC) trading near $95,000 on Monday morning, a steep drop from its October peak. The decline extends a difficult stretch, with the asset losing nearly 10 percent over the past week. The broader cryptocurrency market has also weakened. Ethereum (ETH) and Solana (SOL) are down even more than Bitcoin over the last 30 days. Market weakness heightens as interest rate hope dims The latest downturn has erased more than 30% of Bitcoin’s gains since January and pushed the broader crypto market into a deeper correction. The asset briefly dipped below $ 91,000 before finding stability, while Ethereum, Solana, and other major cryptocurrencies also moved lower. Multiple forces have been hitting the market at once, intensifying the decline. Here are the key factors that shaped the sell-off: Growing uncertainty over a December rate cut after hawkish Federal Reserve remarks. Missing jobs and inflation data from the 43-day government shutdown limited the Fed’s visibility. Bitcoin dropped 24–30% from early-October highs, erasing more than 30% of this year’s gain. Breaks below key support and a 14-month low in hash price tightened miner margins and triggered fresh selling. Crypto ETFs saw heavy withdrawals, with about $3 billion in recent weeks, including $1.3 billion last week.  Public cryptocurrency companies have also felt the stress. Strategy Inc. (formerly MicroStrategy) has logged six straight weeks of declines and now trades below its level on the November 2024 election day. The stock has fallen approximately 42% in the past six months, declining from a July 2025 peak of nearly $456 to roughly $ 242 as of November 11, 2025. The weakness has been sharper than Bitcoin’s own retreat, with Strategy’s leveraged exposure magnifying the impact of this month’s 5.84% drop in BTC. What is behind the huge drop? Here is what analysts say Analysts have offered several explanations for bitcoin’s steep reversal. Henry Allen of Deutsche Bank warned that investors should not overlook the shift in tone from the Federal Reserve. He noted that the most severe multi-asset sell-offs in the past decade have occurred when the Fed turns more hawkish. Rachael Lucas of BTC Markets stated that the withdrawals reflected a clear risk-off move by large investors. Long-time analyst Washigorira noted that Bitcoin is now testing the lower band of its long-watched channel, calling it the “moment of truth” for the cycle.  At the time of writing, Bitcoin trades around $92,619. The price has decreased by approximately 4.3 percent over the past 24 hours. Bitcoin price Source: TradingView  The sharp pullback leaves traders watching for fresh catalysts. Whether this slide turns into a deeper correction hinges on incoming economic data, the December policy decision, and the market’s ability to absorb ongoing ETF outflows.