November 19, 2025, 1:30 p.mNovember 19, 2025, 1:30 p.m
The cryptocurrency Bitcoin continues its downward trend. For the first time since the end of April, the price was below the $90,000 mark on (yesterday) Tuesday. However, market observers are still distancing themselves from an impending long-term correction phase.
Bitcoin hit its lowest value since April 2025 on Tuesday.Image: keystone
On Wednesday morning, Bitcoin was trading at around $91,525, around 12 percent lower than a week ago. The market capitalization is currently around $1.8 trillion, which is around $200 billion less than the previous week.
The “crypto reserve currency” was last listed in April 2025 due to the round-the-clock tariffs announced at the time by US President Donald Trump in these regions. However, the blockchain currency subsequently recovered and reached its previous all-time high of around $126,000 in October.
Uncertainty and profit-taking
Since then, Bitcoin has lost around 28 percent of its value. But market observers aren’t really worried yet. The current phase of weakness is rather of a macroeconomic nature and does not change the long-term positive “crypto fundamental data”, writes the head of investment at 21shares, Adrian Fritz, in a comment on the market situation.
“This development has much more to do with macroeconomic uncertainty,” says Fritz. He bases his statements on reduced expectations for an interest rate cut in December, triggered by mixed labor market signals and the lack of data due to the shutdown.
The increasing risk aversion in investments such as Bitcoin also runs parallel to the flattening momentum of “megacap technology stocks, which dampens the general willingness to take risks,” Fritz continued.
It is a “macro-driven correction”.Image: keystone
In addition, many investors, especially institutional investors, who made huge profits with Bitcoin spot ETFs in the current year, are now reducing their commitments.
Not a bear market
Therefore, it is a “macro-driven correction and not a structural change in the asset”. Fritz expects the volatile consolidation phase to continue until new economic data is available and Bitcoin ETF flows stabilize.
The investment director is therefore confident and points out that historically, setbacks have often proven to be attractive entry opportunities and “not the start of a multi-year bear market”.
Meanwhile, investors’ eyes are likely to be focused on the numbers from chip giant Nvidia for the time being. If the “gigantic” expectations of the number one AI driver stock according to traders do not come true, Bitcoin is likely to come under further pressure in the wake of tech stocks. (sda/awp)
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