The Bitcoin price fell below 92,000 USD for the first time in seven months, triggering a deeper dip in the crypto market. It dropped to 91,588 USD with trading volume more than doubling. Weekly value slid ~13% and since 6 October the fall exceeds 26%. Analysts warn this trend raises market uncertainty.
The Bitcoin price plunged below 92,000 USD — a level unseen for seven months — and that drop has sharpened the bearish mood in the crypto world.
On Monday evening it hit 91,588 USD, reflecting a 3.3% one‑day slide, while trading volume surged.
Over the last week the Bitcoin price lost nearly 13%. Since 6 October the slide has exceeded 26%. Back in October it had topped 126,000 USD.
Analysts say the Bitcoin price falling below its 50‑week moving average, and for the first time since 4 May seeing a weekly close under 100,000 USD, has triggered heightened caution and uncertainty in the market.
If you’re watching the crypto scene or considering a move, this dip in the Bitcoin price signals you may want to pause and review.
