Wall Street Confronts Bitcoin’s Dramatic Drop: Understanding the Cryptocurrency Collapse
Friday, 21 November 2025, 20:07
Bitcoin's Downturn: A Closer Look
Bitcoin has continued to slide dramatically, extending a weeks-long slump that has wiped out nearly $800 billion in value since reaching its 2025 peak last month. The downturn has erased all of Bitcoin’s gains this year, raising significant questions about its future trajectory.
Key Points of Interest
- Since closing near $125,000 on October 6, Bitcoin has shed about one-third of its value.
- As of Friday, Bitcoin plunged below $82,000 before slightly rebounding to $83,509.
- The cryptocurrency is currently trading at its lowest level since April 2023.
- This month is set to be Bitcoin’s worst monthly performance since 2022.
- This significant drop comes amid Wall Street's concerns over a potential bubble in technology stocks.
Moreover, a cautious outlook is prevalent as analysts highlight weakness in the labor market and uncertainties surrounding the Federal Reserve’s interest rate decisions next month.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.