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Illustration of Bitcoin price drop below $100,000 on a trading floor with concerned traders and declining charts.
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Bitcoin price drops below $100,000 amid liquidity crunch

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Bitcoin fell below the $100,000 mark on Thursday, November 13, 2025, continuing a pattern of weakness during U.S. trading hours. The decline, exacerbated by a government shutdown-induced liquidity drain and fading hopes for a Federal Reserve rate cut, triggered significant liquidations across the crypto market. Crypto-linked stocks also suffered sharp losses as risk assets broadly retreated.

Finance Minister Purbaya Yudhi Sadewa has placed an additional Rp 100 trillion in bank deposits to counter liquidity pressures from rising government bond yields. The total now stands at around Rp 300 trillion, up from Rp 200 trillion previously. The injection, timed ahead of Lebaran, prioritizes state-owned and regional banks.

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Chicago-based crypto lender BlockFills has suspended client deposits and withdrawals following approximately $75 million in losses from its lending operations. CEO Nicholas Hammer stepped down in February 2026, with Joseph Perry appointed as interim CEO. The firm is now seeking a buyer amid a liquidity crisis.

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