Bitcoin fell below $95,000 late Friday, marking its worst weekly performance since March with a nearly 9% decline. The drop, amid a broader cryptocurrency sell-off, stems from an information vacuum caused by a recent U.S. government shutdown and shifting expectations for Federal Reserve rate cuts. Analysts warn of further downside, with one setting a target at $84,000.
Bitcoin reached session lows below $95,000 during late U.S. trading on Friday, November 14, 2025, after a tumultuous week that saw the largest cryptocurrency tumble nearly 9%. This marks its worst performance in eight months, erasing almost all of its gains for 2025 and underperforming major U.S. stock indices, which held minor gains at the close.
Ethereum fared worse, dropping more than 11% since Monday to below $3,200, while Solana lost 15% over the same period to $142.88. XRP showed mixed results, with one report noting a 1% dip to $2.3173—possibly supported by the U.S. debut of its first spot ETF from Canary Capital—while another indicated an 8.8% decline in the last 24 hours. The total cryptocurrency market capitalization fell 6% to $3.2 trillion from $3.4 trillion, with over $1.1 billion liquidated from futures markets, including $500 million from Bitcoin positions.
The downturn is attributed to an 'information vacuum' from the U.S. government shutdown, which lasted from October 1 until Thursday and halted releases of key inflation and jobs data. Bitfinex analysts stated, 'The market retracement is the result of an information vacuum and political uncertainty,' noting that the recent spending bill only funds operations until January 30, 2026, prolonging uncertainty. Federal Reserve signals of tighter policy for longer have raised yields, pressuring growth assets like cryptocurrencies and tech stocks.
The S&P 500 declined 1.8%, the Dow fell 397 points, and technology sectors dropped 2%, with shares of Nvidia, Alphabet, and Tesla under pressure. Crypto equities were mixed: MicroStrategy slid 4% below $200, while Hut 8 rose 6% after earnings from its joint venture with the Trump family.
John Glover, chief investment officer at Ledn, pointed to a breakdown below the 23.6% Fibonacci retracement at $100,000, setting $84,000 as the next support level. He forecasted, 'We’ll likely see prices back above $100,000 before any sustained break below $90,000,' amid volatile action through summer 2026. Noelle Acheson of Crypto Is Macro Now described the pullback as a 'necessary correction' after failed breakouts above $120,000, emphasizing macro liquidity as Bitcoin's main driver.