Bitcoin Strikes Lowest Price Since November as Dogecoin, XRP, and Solana Fall.

Early on Monday, financial markets began to sag amid concerns that 2025 will stay high for U.S. interest rates, and Bitcoin and other popular cryptocurrencies felt the brunt of that problem.

Bitcoin plunged to a price of nearly$ 90, 000, reaching its lowest price since November at$ 90, 198, per data from CoinGecko. The top coin by market cap is currently trading at$ 90, 700, down over 4 % on the day and nearly 9 % over the last week.

Just last week, Bitcoin recently reclaimed a cost point above$ 100, 000, but it didn’t last long because, starting last Tuesday, combined economic statistics helped push the price down. Bitcoin is now down 16 % from its all-time high mark above$ 108, 000, which was set in December.

Another significant cryptocurrencies have experienced day-to-day declines even more severe than Bitcoin, with Ethereum experiencing declines of over 7 % to$ 3, 044 and XRP experiencing a decline of almost 6 % to$ 2.37. Solana has fallen about 7 % to$ 175, with Dogecoin dipping over 6 % to$ 0.317.

Early on Monday, liquidations on futures contracts that were betting on the price of cryptocurrencies piled up, with some$ 544 million worth of positions being canceled, according to data from CoinGlass.

The vast majority of the foreclosures came with much jobs, or bets that an investment’s rate may go up in the future, with$ 472 million value. Cryptocurrency leads the pack with above$ 112 million worth of foreclosures.