Cryptocurrency prices today: Bitcoin crashes lowest since April 2025; why is crypto price falling?

Bitcoin price dipped as low as $85,422 on November 21, as of 9:00 a.m. The price continues to hover just above $85,000 levels dampened by hopes for another US rate cut in December. That’s a significant fluctuation of almost 8 percent in the last 24 hours, and the lowest since April when it declined just below $75,000.

“The crypto market is consolidating with Bitcoin trading near $86,500 as macroeconomic uncertainty increases in the US. The September jobs data showed a higher-than-expected unemployment rate at 4.4 percent, influencing the rate cut decision. At the same time, the absence of October data has created an information gap, prompting traders to turn cautious. Additionally, a Bitcoin whale selling 11,000 BTC has also impacted the sentiment, further contributing to the downward momentum. Buyers now need to defend the $84,500 support to prevent a deeper move toward $80,000, while $91,000 remains the key resistance,” said Edul Patel, CEO of Mudrex.

Other major cryptocurrencies followed the pattern, with Ethereum’s price hit by 7.44 percent, XRP by 6.67 percent, Binance Coin at 5.13 percent, and Solana fell around 7.15 percent in the last 24 hours.

“BTC is currently trading in the $86,000 to $87,000 range after pulling back from levels near $93,000. In broader markets, the US equities saw an intraday reversal. BTC’s recent move lower was accompanied by liquidations of leveraged long positions, with the break below $89,000 prompting additional forced selling. The $89,000 to $92,000 band remains the closest liquidity area and a potential zone for short-term recovery, while further downside may depend on whether $85,000 holds,” said CoinSwitch markets desk in their daily commentary.

Check out the latest prices of top 10 cryptocurrencies on November 21, as of 8:55 a.m.