{"id":819844,"date":"2025-01-14T11:12:16","date_gmt":"2025-01-14T17:12:16","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/14\/bitcoin-drops-below-90k-to-lowest-level-since-november-amid-macroeconomic-pressures\/"},"modified":"2025-01-14T11:12:16","modified_gmt":"2025-01-14T17:12:16","slug":"bitcoin-drops-below-90k-to-lowest-level-since-november-amid-macroeconomic-pressures","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/14\/bitcoin-drops-below-90k-to-lowest-level-since-november-amid-macroeconomic-pressures\/","title":{"rendered":"Bitcoin drops below $90K to lowest level since November amid macroeconomic pressures"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div data-id=\"159730\" data-url=\"https:\/\/cryptobriefing.com\/bitcoin-market-pressures\/\">\n<section>\n<div>\n<p><a href=\"https:\/\/cryptobriefing.com\/bitcoin\/\" rel=\"tag\"><br \/>\n                    Bitcoin                <\/a>\n                    <\/p>\n<\/div>\n<p><span><span><a href=\"https:\/\/cryptobriefing.com\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/cryptobriefing.com\/bitcoin\/\">Bitcoin<\/a><\/span> \u00bb <span aria-current=\"page\">Bitcoin drops below $90K to lowest level since November amid macroeconomic pressures<\/span><\/span>        <\/p>\n<div>\n<div>\n<p><span>by<\/span><\/p>\n<div>\n<p><a data-author_id=\"38186\" href=\"https:\/\/cryptobriefing.com\/team\/estefano-gomez\/\" rel=\"author\">Estefano Gomez<\/a><\/p>\n<\/div><\/div>\n<p><time datetime=\"2025-01-13T18:17:30+00:00\"><br \/>\n                        Jan. 13, 2025                    <\/time>\n                            <\/p>\n<\/p><\/div>\n<\/section>\n<section>\n<h2>Bitcoins Bitcoin briefly dipped to $89,500 as rising bond yields and strong US economic data heightened uncertainty in crypto markets.<\/h2>\n<\/section>\n<section>\n            <picture><source media=\"(min-width: 850px)\" ><img decoding=\"async\" fetchpriority=\"high\" src=\"http:\/\/cryptobriefing.com\/de87dda8-dcb3-4e83-944c-e1ec5c0cedf8.jpg\" alt=\"bitcoins Bitcoin drops below $90K to lowest level since November amid macroeconomic pressures\" title=\"bitcoins http:\/\/cryptobriefing.com\/de87dda8-dcb3-4e83-944c-e1ec5c0cedf8.jpg\">\n            <\/picture>\n        <\/section>\n<p>Photo: Chris Ratcliffe<\/p>\n<section>\n<section>\n<h3>Key Takeaways<\/h3>\n<ul>\n<li>Bitcoin briefly fell to $89,500 before recovering to $92,000, marking its lowest level since November 2024.<\/li>\n<li>Rising US Treasury yields and stronger-than-expected jobs data spurred selling in riskier assets.<\/li>\n<\/ul>\n<\/section>\n<section>\n<p>Share this article<\/p>\n<\/section>\n<p>        <?xml encoding=\"UTF-8\"><\/p>\n<p>Bitcoin fell to $89,500 early Monday, reaching its lowest point since November 18, 2024, as macroeconomic factors and rising bond yields weighed on crypto markets.<\/p>\n<p>The leading digital asset later recovered to $92,000, but the broader crypto market remained under pressure.<\/p>\n<p>According to CoinGecko <a href=\"https:\/\/www.coingecko.com\/\" target=\"_blank\" rel=\"noopener nofollow noreferrer\">data<\/a>, Ethereum dropped 8%, Solana declined 6.5%, and Dogecoin fell 5%, with smaller tokens seeing double-digit losses. The total crypto market capitalization decreased by 6% over the past 24 hours.<\/p>\n<p>The sell-off followed strong US jobs data released Friday, which led traders to reduce expectations for Federal Reserve rate cuts.<\/p>\n<p>According to the <a href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html?redirect=\/trading\/interest-rates\/countdown-to-fomc.html\" target=\"_blank\" rel=\"noopener nofollow noreferrer\">CME FedWatch tool<\/a>, interest rate traders largely expect the Federal Funds rate to remain steady at 4.25% to 4.5% throughout most of the year.<\/p>\n<p>Expectations for rate cuts begin to surface in later months\u2014September, October, and December\u2014with probabilities for a 25 basis-point reduction remaining below 42% for each of the final three Federal Open Market Committee meetings of 2025.<\/p>\n<p>US Treasury yields stayed elevated, with the 10-year yield at 4.78%, while the Dollar Index surpassed 110, reaching levels not seen since 2022.<\/p>\n<blockquote>\n<p>\u201cSticky inflation, robust economic data, and the Federal Reserve\u2019s cautious approach to interest rate cuts have curbed liquidity,\u201d said James Toledano, Chief Operating Officer at Unity Wallet. \u201cThis limits appetite for speculative assets like Bitcoin and creates short-term volatility.\u201d<\/p>\n<\/blockquote>\n<p>The price decline triggered $730 million in total crypto liquidations over the past day. <a href=\"https:\/\/www.coinglass.com\/LiquidationData\" target=\"_blank\" rel=\"noopener nofollow noreferrer\">Data from Coinglass<\/a> revealed $617 million in long positions were liquidated, while short liquidations totaled $112 million.<\/p>\n<p>Bitcoin\u2019s market dominance climbed to 58.5% amid the recent market turbulence. This has potentially delayed the long-awaited alt season.<\/p>\n<p><html><body><\/p>\n<div class=\"ad-banner mrec-in-article\"><\/div>\n<p><\/body><\/html><\/p>\n<p>Many traders had anticipated that the alt season would materialize in the year following Bitcoin\u2019s halving. However, this alt season may have been a brief one.<\/p>\n<p>A mini alt season appeared to emerge after Trump was elected president in November, potentially creating a short-lived rally that lasted less than two months, culminating just days before Christmas.<\/p>\n<p>The initial optimism surrounding US Bitcoin ETF launches and pro-crypto statements by President-elect Donald Trump has waned. Inflation concerns and stronger-than-expected US economic data have added to the dampened sentiment.<\/p>\n<p>Toledano explained that if Trump\u2019s policies meet market expectations, the bull run could pick up again.<\/p>\n<p>However, any disappointments or unexpected events might lead to prolonged consolidation or even further corrections.<\/p>\n<section class=\"article-share\">\n<p>Share this article<\/p>\n<div class=\"social-icons\">\n          <button class=\"social-icon share\" data-href=\"https:\/\/x.com\/intent\/tweet?text=Bitcoin+drops+below+%2490K+to+lowest+level+since+November+amid+macroeconomic+pressures&#038;url=https%3A%2F%2Fcryptobriefing.com%2Fbitcoin-market-pressures%2F&#038;via=crypto_briefing\" aria-label=\"Share on x\"><br \/>\n        <?xml version=\"1.0\" encoding=\"UTF-8\"?><br \/>\n                <svg width=\"40px\" height=\"40px\" viewBox=\"0 0 40 40\" version=\"1.1\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\">\n                <g id=\"surface1\">\n                <path style=\" stroke:none;fill-rule:nonzero;fill:rgb(0%,0%,0%);fill-opacity:1;\" d=\"M 17.867188 0.148438 C 10.839844 0.878906 4.558594 5.507812 1.707031 12.054688 C -0.132812 16.28125 -0.441406 21.148438 0.867188 25.625 C 2.480469 31.214844 6.652344 35.933594 12.054688 38.292969 C 16.28125 40.132812 21.148438 40.4375 25.628906 39.132812 C 32.332031 37.199219 37.613281 31.695312 39.347656 24.851562 C 42.054688 14.132812 35.414062 3.171875 24.667969 0.613281 C 22.304688 0.0546875 20.226562 -0.09375 17.867188 0.148438 Z M 18.132812 12.535156 C 19.839844 14.800781 21.28125 16.667969 21.332031 16.667969 C 21.386719 16.667969 23.160156 14.800781 25.253906 12.535156 L 29.078125 8.398438 L 31.253906 8.398438 L 30.785156 8.894531 C 30.519531 9.171875 28.785156 11.054688 26.933594 13.066406 C 25.078125 15.078125 23.265625 17.039062 22.90625 17.398438 L 22.265625 18.078125 L 27.265625 24.734375 C 30.011719 28.398438 32.265625 31.441406 32.265625 31.492188 C 32.265625 31.558594 30.628906 31.601562 28.640625 31.601562 L 25 31.585938 L 21.613281 27.054688 C 19.28125 23.921875 18.1875 22.574219 18.078125 22.652344 C 18 22.71875 16.105469 24.761719 13.867188 27.1875 L 9.800781 31.601562 L 8.773438 31.601562 C 8.199219 31.601562 7.734375 31.574219 7.734375 31.535156 C 7.734375 31.492188 9.851562 29.171875 12.441406 26.386719 C 15.011719 23.601562 17.148438 21.265625 17.171875 21.226562 C 17.1875 21.171875 15.066406 18.28125 12.464844 14.800781 C 9.867188 11.332031 7.734375 8.464844 7.734375 8.441406 C 7.734375 8.414062 9.371094 8.398438 11.386719 8.398438 L 15.039062 8.398438 Z M 18.132812 12.535156 \" \/>\n                <path style=\" stroke:none;fill-rule:nonzero;fill:rgb(0%,0%,0%);fill-opacity:1;\" d=\"M 11.027344 10.1875 C 11.082031 10.28125 14.441406 14.785156 18.464844 20.171875 L 25.800781 29.988281 L 27.441406 30 C 28.453125 30 29.066406 29.945312 29.039062 29.867188 C 29.027344 29.800781 25.679688 25.292969 21.628906 19.867188 L 14.238281 10 L 12.585938 10 C 11.214844 10 10.933594 10.027344 11.027344 10.1875 Z M 11.027344 10.1875 \" \/>\n                <\/g>\n                <\/svg>      <\/p>\n<\/section>\n<\/div>\n<p> Estefano Gomez <a href=\"https:\/\/cryptobriefing.com\/bitcoin-market-pressures\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Home \u00bb Bitcoin \u00bb Bitcoin drops below $90K to lowest level since November amid macroeconomic pressures by Estefano Gomez Jan. 13, 2025 Bitcoin briefly dipped to $89,500 as rising bond yields and strong US economic data heightened uncertainty in crypto markets. Photo: Chris Ratcliffe Key Takeaways Bitcoin briefly fell to $89,500 before recovering to<\/p>\n","protected":false},"author":1,"featured_media":819845,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,2163],"tags":[11476],"class_list":["post-819844","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","category-drops","tag-bitcoins"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/819844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=819844"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/819844\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/819845"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=819844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=819844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=819844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}