Bitcoin closed down 2.1% Friday, and is down more than 10% for the week.
Other cryptocurrencies also experienced significant declines, with Ethereum falling 3.7%, Solana 4.8%, and XRP 3.3% over the 24 hours ending at 4 p.m. Friday.
The crypto market downturn is attributed to investor expectations that the Federal Reserve will not cut interest rates and a rotation out of risk assets.$SOL $XRP #USStocksForecast2026 #BTC90kBreakingPoint
#BTCVolatility Bitcoin, Market, BSE, NSE, NIfty, Stock Market, investment Crypto markets extended their slide on Friday, with Bitcoin (BTC) falling below $86,000 and Ethereum (ETH) losing the $3,000 handle amid a broader risk-off shift. The downturn marks a continued correction from recent highs, with Bitcoin now down 31 per cent from its October peak of $126,198 and Ethereum off 43 per cent from its August high of $4,953.
At the time of writing, Bitcoin traded at $86,103.98, slipping 7.18 per cent over the past 24 hours, on $98.58 billion in trading volume. The flagship cryptocurrency swung between $85,328 and $92,763 during the session, according to CoinMarketCap. Ethereum mirrored the weakness, falling roughly 7 per cent to $2,826.44 with a 24-hour volume of $44.4 billion, after fluctuating between $2,780 and $3,041.
Pullback signals consolidation Analysts say the pullback reflects a consolidation phase rather than market capitulation, as participants digest recent selling pressure and await clearer macroeconomic signals.
“The recent decline was accompanied by liquidations of leveraged long positions, with the break below $89,000 prompting additional forced selling,” said the CoinSwitch Markets Desk. The firm identifies the $89,000–$92,000 zone as the nearest liquidity band and a potential area for short-term recovery, though sustained downside could materialise if $85,000 fails to hold.
Edul Patel, CEO of Mudrex, pointed to both macroeconomic uncertainty and whale activity weighing on sentiment. “Bitcoin is trading near $86,500 amid rising US macro uncertainty. September jobs data showed an unemployment rate of 4.4 per cent, raising questions about the Federal Reserve’s rate-cut timeline. Additionally, a whale sold 11,000 BTC, adding to the pressure,” he said. According to Patel, buyers must defend $84,500 to avoid a deeper move toward $80,000, while $91,000 remains a critical resistance level.$BTC #BTCVolatility