Bitcoin News Today: Bitcoin's Slide Mirrors Traditional Finance's Macroeconomic Grip

Bitcoin slid below $100,000 on Monday, intensifying bearish sentiment among traders as analysts warn of further declines if key support levels fail to hold. The drop follows a volatile October and November marked by macroeconomic uncertainty, trade tensions, and shifting Federal Reserve policy expectations, all of which have weighed on the cryptocurrency's price action, according to a Crypto.News analysis.

The $88,000 level—Bitcoin's realized price, or the average cost basis of active investors—has historically acted as a critical floor during previous corrections. Analysts suggest this level could serve as a strong support if the current downward trend persists, though a sustained close above $113,000 could invalidate the bearish outlook and trigger a recovery rally, according to a Coinpedia analysis. For now, the market remains range-bound between $107,500 and $123,000, with few macroeconomic catalysts expected in November aside from potential U.S. government shutdown risks and evolving trade dynamics, Coinpedia added.

Global macroeconomic factors have played a pivotal role in Bitcoin's recent underperformance. The U.S. and China's escalating trade tensions, including Washington's imposition of 100% tariffs on Chinese goods and software export restrictions, have dampened risk appetite across asset classes. Meanwhile, the Federal Reserve's signal that rate cuts may slow has strengthened the dollar and boosted demand for yield-bearing assets, further pressuring Bitcoin, which offers no intrinsic yield, as noted by Crypto.News. Institutional investors have also contributed to the decline, with Coinpedia reporting nearly $800 million pulled from Bitcoin and Ethereum ETFs last week amid growing caution.

Despite the near-term weakness, some analysts remain cautiously optimistic about a potential "Santa Rally" in December. The anticipated end of quantitative tightening (QT) and the possibility of another rate cut could improve liquidity and reignite bullish momentum in the final weeks of 2025, Coinpedia observed. However, such a scenario hinges on Bitcoin holding above $113,000, a critical resistance level that traders are closely monitoring. A breakdown below $100,000 could trigger deeper losses, with $88,000 representing the next major psychological threshold, Coinpedia warned.

The cryptocurrency's integration with traditional finance has also amplified its sensitivity to macroeconomic trends. Unlike past cycles, where Bitcoin often moved independently of global markets, institutional trading flows, ETF activity, and broader macro sentiment now play a dominant role in shaping its trajectory, according to Crypto.News. This interconnectedness has contributed to Bitcoin's worst quarterly performance since 2022, with prices down nearly 6% in Q4 so far, the Crypto.News piece noted.

Traders are advised to watch the $113,000 resistance and $100,000 support levels closely. A clear breakout above $113,000 could signal a reversal in the bearish trend, while a sustained breakdown below $100,000 may open the door for further declines toward $88,000. The coming weeks will be critical in determining whether Bitcoin can stabilize or if it will face additional selling pressure amid an uncertain macroeconomic landscape.