Bitcoin Drops Below $100K as Crypto and Tech Stocks Plunge Amid Tight Liquidity
13/11/2025
Bitcoin (BTC) fell beneath the $100,000 mark on Wednesday during U.S. trading hours, wiping out recent gains and casting doubt on the cryptocurrency’s potential for new 2025 highs. After peaking near $104,000 overnight, BTC slid to around $95,646, down 1.7% over the past 24 hours. Ether (ETH) and major altcoins also retreated, reflecting a broad pullback across digital assets.
The sell-off came amid falling risk appetite, as investors adjusted to the likelihood that the Federal Reserve may not cut rates in December. Market pricing now reflects roughly a 50/50 chance of a 25-basis-point rate reduction, while the Nasdaq fell 2% and the S&P 500 dropped 1.3%.
Crypto Equities Hit Hard
Crypto-linked equities suffered steep losses, particularly miners with AI and data center exposure. Bitdeer (BTDR) plunged 19%, Bitfarms (BITF) declined 13%, and Cipher Mining (CIFR) along with IREN dropped more than 10%. Other crypto-adjacent stocks such as Galaxy (GLXY), Bullish (BLSH), Gemini (GEMI), and Robinhood (HOOD) fell 7%-8%, signaling widespread sector weakness.
Bitcoin May Have Peaked for 2025
The trend highlights a persistent pattern in which crypto markets weaken during U.S. trading hours. Paul Howard, senior director at trading firm Wincent, commented, “Crypto is now tightly linked to macroeconomic developments. With the Fed unlikely to cut rates in December, BTC could remain range-bound near current levels for the remainder of the year.”
Howard added, “It appears the all-time highs for 2025 have likely been reached. From here, we may see a steady climb through next year, albeit with expected volatility.”
Liquidity Crunch Amplifies Pressure
The ongoing U.S. government shutdown has further tightened fiscal liquidity, intensifying downward pressure on markets. September’s data showed a $198 billion federal surplus, and October’s figures are expected to show an even higher surplus due to shutdown-related delays. Analyst Mel Mattison noted, “We are experiencing one of the driest liquidity periods in years, constraining risk markets, including crypto. That said, upcoming fiscal spending could inject significant capital and support recovery.”
Mattison added that while the next few weeks may remain volatile, renewed liquidity from government measures could drive upward price momentum for Bitcoin and other risk assets.
