Bitcoin plunges below $90K before recovering—what happened?

Business Nov 20, 2025

Bitcoin took a sharp tumble to $88,609 on November 20, dropping over 27% before bouncing back above $92,000.
It's the biggest dip since April 2025, when prices slid down to $75,000.
Bloomberg's Mike McGlone summed it up as "classic peak bull-market stuff," pointing out that technical pressures are building as the 200-day moving average turns lower.

Crypto market reacts—but bounces back fast

Bitcoin's sudden drop sent shockwaves through the whole crypto scene: Ethereum fell nearly 8%, XRP dropped over 10%, Binance Coin lost about 7%, and Solana slipped almost 8%.
Still, these coins rebounded quickly—showing just how closely tied and resilient the crypto market can be when things get wild.