Bitcoin Drops Below $94,000 for First Time Since Early May

Bitcoin Drops Below $94,000 for First Time Since Early May

Bitcoin’s price fell to $93,970, marking a 1.34% daily drop amid sustained market volatility and leverage-related pressures, according to HTX data.

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Fact Check
The evidence from the most relevant and authoritative sources strongly supports the statement. The Reuters article explicitly mentions a significant drop to a "six-month low" in November 2025. A six-month low from November directly corresponds to price levels last seen in May, which aligns perfectly with the statement's claim of the price dropping "for the first time since early May." This provides a strong temporal anchor for the event. Furthermore, data providers like CoinGecko and Statista are cited as primary sources for live and historical price charts, which are the exact tools needed to verify the specific price point of $94,000. The Coinbase source establishes a plausible market context by noting a hypothetical all-time high above $123,000, making a subsequent drop below $94,000 entirely feasible. The remaining sources are either irrelevant (referencing Ethereum, crude oil, or the price in Canadian Dollars) or too general to provide specific evidence. There are no direct contradictions among the relevant sources, which present a consistent narrative of a major price decline.
Summary

Bitcoin fell to $93,970 on Nov. 17, a 1.34% decline over 24 hours, according to HTX market data. This marks its lowest level since early May and reflects ongoing volatility, with market leverage contributing to the downturn.

Terms & Concepts
  • Leverage: The use of borrowed funds to increase potential returns, which can also magnify losses in volatile markets.
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