Bitcoin Price Today Near $88K After November Crash: Key Drivers for BTC on 24 November 2025

Bitcoin (BTC) is trying to steady itself at the start of the new week after a bruising November sell-off that wiped tens of thousands of dollars off the leading cryptocurrency’s price.

As of late Monday, 24 November 2025, Bitcoin is trading around $88,000, up less than 1% over the past 24 hours and fluctuating in a wide intraday range between roughly $85,300 and $88,800. ^[1]

Earlier in the day, the official Bitcoin account put the price at $85,898.78 at 10:20 a.m. UTC, highlighting just how volatile intraday moves remain. ^[2]

That modest bounce comes after Bitcoin plunged from an all‑time high above $125,000 in early October and has now shed roughly a quarter to a third of its value over the past four weeks, pushing it into what many analysts are calling a new bear market phase. ^[3]

Bitcoin price today: snapshot for 24 November 2025

Key numbers at the time of writing:

Spot price (BTC/USD): ~$88,000
24‑hour change: roughly +1%, after a sharp weekly drop ^[4]
Intraday range (so far): about $85,300 – $88,800 ^[5]
Market cap: Bitcoin remains the largest crypto asset, helping lift total crypto market capitalization back above $3 trillion, to around $3.06 trillion. ^[6]

Market data from several major exchanges and analytics platforms shows BTC trading in the mid‑to‑high $80,000s, a far cry from October’s six‑figure highs but still massively above levels seen at the start of the year.

From record highs to November crash

Today’s price action can’t be understood without the violent sell‑off that has defined November:

According to an analysis cited by ABC News, Bitcoin hit a record high around $125,135 in early October, driven by massive inflows into Bitcoin exchange‑traded funds (ETFs). ^[7]
Since then, BTC has dropped around 25–31%, marking its worst monthly drawdown since mid‑2022 and officially pushing it into bear‑market territory by traditional metrics. ^[8]

Several factors are being blamed for the crash:

Tariff shock and macro jitters
ABC reports that market sentiment was hit hard after US President Donald Trump threatened an additional 100% tariff on Chinese imports, a move that triggered one of the largest liquidation events in crypto history as leveraged positions were forced to unwind. ^[9]
Overextended valuations and leveraged bets
Economists quoted in the same report point to Bitcoin’s rapid surge to six‑figure prices as having “run ahead of any plausible interpretation of its potential value,” leaving a large cohort of leveraged investors vulnerable to margin calls. ^[10]
ETF outflows and “peak Bitcoin?” worries
Analysts at Deutsche Bank, via reporting summarized by PYMNTS, say recent declines have been exacerbated by outflows from Bitcoin ETFs, as investors lock in profits or de‑risk. This has sparked questions over whether the market has seen “peak Bitcoin” for this cycle. ^[11]
Contagion fears for wider markets
Because Bitcoin is now embedded in corporate balance sheets, ETF products and broader policy debates, a sustained downturn raises concerns about forced selling in other assets and broader market “contagion,” analysts warn. ^[12]

Despite those risks, Bitcoin has shown some resilience over the weekend and into Monday, clawing back part of last week’s losses.

Why is Bitcoin moving today? 5 key drivers

1. Macro mood: tentative risk‑on after Fed hints

After the brutal shake‑out earlier this month, risk assets are catching a tentative bid:

US and global equities have begun to stabilize, helped by expectations that the US Federal Reserve may cut interest rates at its December meeting, according to commentary cited by ABC and other outlets. ^[13]
CryptoNews notes that US stock indices stabilising would likely support Bitcoin and help prevent the current consolidation from turning into a deeper slide. ^[14]

Lower (or even expected lower) interest rates tend to support risk assets like BTC by making future cash flows and speculative bets more attractive relative to bonds and cash.

2. ETF flows: from heavy redemptions to mixed signals

ETF flows remain a major puzzle piece:

Earlier in the month, analysts flagged growing outflows from US Bitcoin ETFs as one of the main reasons the price slumped from six‑figure territory, as institutional investors cut exposure. ^[15]
CryptoNews, however, points out that US spot Bitcoin ETFs actually saw net inflows on Friday—around $238 million into BTC products and $55 million into ETH products—suggesting some dip‑buyers are stepping in. ^[16]
By Monday, Investing.com described sentiment as “muted” again, with fresh outflows from certain funds still acting as a drag on price, even as BTC briefly pushed toward $87,000. ^[17]

In short, ETF flows are no longer universally supportive, and the market is extremely sensitive to day‑to‑day shifts between inflows and outflows.

3. Derivatives market leans bearish

The options market is flashing caution:

Data reported by financial media shows the $80,000 put option has become the most popular contract on major venue Deribit, indicating that many traders are hedging—or outright betting on—a possible retest of the $80K region. ^[18]

When downside protection becomes the trade of choice, it typically signals elevated fear—but also that much of that fear may already be priced in.

4. On‑chain and cycle indicators: late‑stage correction?

On‑chain data highlighted by CryptoPotato suggests the current phase may be a later‑stage correction rather than the beginning of a new multi‑year bear market: ^[19]

Long‑term “smart money” holders have gradually distributed BTC into strength near the cycle top, consistent with topping behavior.
Short‑term holders have been capitulating at a loss for weeks, a pattern often seen near the end of drawdowns, as weaker hands are flushed from the market.

The same analysis describes the recent move down toward $80,000 as a sweep of liquidity beneath prior lows, with aggressive buying seen in an accumulation zone around $80,000–$83,000.

5. Sentiment: extreme fear, but not full capitulation

CryptoNews reports that overall crypto market sentiment has dropped to one of its lowest points in years, even as prices bounced slightly today. ^[20]

Ledn’s CIO John Glover is quoted as saying that “panic selling” can signal weak longs finally capitulating, which sometimes creates opportunities for patient accumulators—especially if the market is in the late stages of a cycle. ^[21]

That combination of fearful sentiment and continued institutional interest is creating a volatile push‑and‑pull in BTC’s price today.

Technical picture: BTC stuck between $80K and $96K

Technical analysts are broadly aligned on the same key zones.

Short‑term range: $85K–$87K

U.Today’s intraday analysis notes that Bitcoin is currently moving sideways between $85,000 and $87,000, with local support around $85,654. If that support breaks, a test of the $85,000 area is likely. ^[22]

At press time, U.Today put BTC near $86,073, broadly consistent with other spot quotes. ^[23]

Bigger picture: $80K support vs. $92K–$96K resistance

CryptoPotato’s higher‑timeframe chart highlights several critical levels: ^[24]

Major support / accumulation zone:
- Lower band around $80,000–$83,000
- This region absorbed heavy selling when BTC briefly wicked below $80K, suggesting strong dip‑buying interest.
Overhead resistance:
- A supply cluster between $92,000 and $96,000
- As long as BTC trades below this zone, rallies are framed as relief bounces within a broader downtrend, not a confirmed trend reversal.
Longer‑term moving averages:
- A “death cross” between the 100‑day and 200‑day moving averages has formed below the $100K–$104Karea, signaling an ongoing shift toward sustained bearish momentum unless BTC can reclaim that region.

Put simply:

Above $96K – momentum could rotate back upward, opening up the path toward $100K–$104K.
Below $83K–$80K – the market risks a deeper washout, potentially confirming a more extended bear phase.

Crypto market today: how altcoins are reacting

Even with Bitcoin in consolidation mode, the broader crypto market is slightly green today:

CryptoNews reports that total crypto market cap has climbed 1.4% in the past 24 hours, to about $3.06 trillion, with 80 of the top 100 coins and all of the top 10 posting gains. ^[25]
BTC itself is up roughly 1.3% on that measure, trading around $86,899 at the time of their report. ^[26]

Investing.com paints a more mixed picture across major altcoins: ^[27]

Ethereum (ETH) down around 0.8% near $2,807
Solana (SOL) and Cardano (ADA) both lower by about 1–2%
Meme coins like Dogecoin show modest gains

The divergence underscores a familiar pattern: when macro uncertainty is high, Bitcoin tends to trade like a high‑beta macro asset, while many altcoins lag or trade more erratically.

What analysts are saying about what comes next

Today’s modest bounce has not changed the broader debate about Bitcoin’s direction for the rest of 2025. Opinions are sharply divided:

Bearish / cautious camp
- U.Today expects an ongoing correction toward the $80,000 zone by the end of the month, citing the absence of strong bullish momentum. ^[28]
- Pymnts and Deutsche Bank analysts warn that macro pressures (interest‑rate worries, stretched AI‑stock valuations, and tariff risks) plus regulatory gridlock could keep the pressure on BTC, especially if ETF outflows continue. ^[29]
Neutral / range‑bound view
- Several technical analysts view the current move as a sideways consolidation between roughly $80K and $96K, with neither bulls nor bears fully in control until one of those levels breaks decisively. ^[30]
Long‑term bullish, short‑term choppy
- CryptoPotato’s on‑chain analysis and commentary from CryptoNews suggest we may be entering the late stages of the current growth cycle, where long‑term holders accumulate and weak hands capitulate, often setting the foundation for the next leg higher—but not necessarily immediately. ^[31]

Given that Bitcoin is still up dramatically year‑to‑date despite the recent crash, some institutional investors are treating this pullback as “necessary air being let out of the bubble” rather than the end of the bull cycle. Others see it as a warning that six‑figure BTC may have arrived too soon.

What Bitcoin traders and investors should watch this week

For anyone tracking Bitcoin’s price over the coming days, several catalysts stand out:

US macro data and Fed commentary
- Any new hints about the timing or size of potential Fed rate cuts could quickly swing BTC, especially if bond yields drop again. ^[32]
ETF inflows and outflows
- Daily flow data into US spot Bitcoin ETFs remains a key sentiment gauge. Renewed inflows could reinforce support near $80K–$85K; accelerating outflows might test that floor. ^[33]
Price behavior around $85K support
- Watch whether BTC holds the $85,000–$85,654 support area highlighted by U.Today. A sustained break below could bring the $80K region back into play quickly. ^[34]
Derivatives positioning
- If demand for $80K protective puts fades, it may signal reduced fear. If it intensifies, it could confirm that many traders expect more downside. ^[35]
Regulatory headlines
- Any progress—or further delays—in crypto regulation in the US, EU or major Asian markets could influence institutional demand, a point Deutsche Bank analysts stress in their recent commentary. ^[36]

Bottom line

On 24 November 2025, Bitcoin price today sits near $88,000, precariously balanced between:

Deep support in the $80K–$83K accumulation zone, and
Stiff resistance in the $92K–$96K band and above. ^[37]

The market is digesting a violent November crash, conflicting ETF flow signals, and noisy macro headlines. While some on‑chain and sentiment indicators hint we may be in the later stages of a correction, the technical and macro backdrop still allows for significant volatility in both directions.

As always, Bitcoin remains a highly risky, speculative asset. This article is for information and news purposes only and does not constitute financial advice. Anyone considering BTC exposure should carefully assess their risk tolerance, time horizon and local regulations, and consider seeking independent professional guidance.

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