Bitcoin Drops To $87,000, Ethereum Loses $3,000, XRP Hangs On To $2 As Sell-Off Continues

Author: Khyathi Dalal | November 20, 2025 03:11pm

Bitcoin continued its decline on Thursday, breaking key support levels as sentiment continues to deteriorate amid a broader market sell-off.

Cryptocurrency	Ticker	Price
Bitcoin	(CRYPTO: BTC)	$86,585
Ethereum	(CRYPTO: ETH)	$2,833
Solana	(CRYPTO: SOL)	$133.31
XRP	(CRYPTO: XRP)	$2
Dogecoin	(CRYPTO: DOGE)	$0.1411
Shiba Inu	(CRYPTO: SHIB)	$0.058164

Notable Statistics:

• Coinglass data shows 215,171 traders were liquidated in the past 24 hours for $827.79 million.        
• In the past 24 hours, top losers include MYX Finance, Canton and Aster.

Notable Developments:

• Bullish CEO Sees Growth Catalyst In Crypto Market Structure Bill: ‘Not Having To Go To Each Of The 50 States’ To Gain Approvals Will Be A ‘Boon’
• BlackRock Preps Staked Ethereum ETF Launch—But Vitalik Buterin Warns Against ‘Wall Street Capture’
• BitMine Immersion Stock’s Momentum: What You Should Know About Tom Lee’s Ethereum Treasury Company As Q4 Results Near
• Michael Saylor Says Strategy Will Continue To Create Shareholder Value As Long As Bitcoin Grows By This Much Annually
• XRP Is Valued At $130 Billion, But Makes Only $5,000 A Day In Revenue: What Gives?
• Robinhood CEO Says AI Won’t Kill Money—Here’s What He Would Invest In

Trader Notes: Bitcoin investor Lark Davis noted that rate-cut odds for December fell sharply to 31% after the Bureau of Labor Statistics confirmed there would be no October jobs report and November's report will arrive after the upcoming FOMC meeting.

With Fed Chair Jerome Powell effectively "flying blind" on labor data, markets now expect the Fed to avoid a rate cut, a shift that weighed heavily on Bitcoin, dragging it down to $86,000.

Altcoin Sherpa sees Bitcoin's next major demand zone between $75,000 and $87,000, suggesting the market could find its eventual bottom within this range.

Michael van de Poppe highlighted BTC setting a fresh local low. For any meaningful reversal, he says Bitcoin must deliver a strong bounce on high volume and break above the 4H 20-day MA to print a higher high; without that, the downtrend remains intact.

ShardiB2 pointed out Bitcoin's daily RSI has collapsed to 25, signalling deeply oversold conditions. A rebound off the weekly EMA and a successful hold at current levels would form the ideal bullish setup.

Read Next:

• How Bitcoin Went From All-Time High Euphoria To Extreme Fear In 6 Weeks

Image: Shutterstock

Posted In: $BTC $DOGE $ETH $SHIB $SOL $XRP