Bitcoin price dumped yet again this morning in trading to lows of $86,610, down over 1% over the past 24 hours.

Bitcoin extended its November slump on Nov. 20, briefly dipping below $88,000. According to CoinGecko data, Bitcoin traded around $87,319 intraday, down about 4% over the past 24 hours and nearly 13% on the week,

The likelihood of bitcoin ending the year below $90,000 has risen to 50%, according to online options platform Derive.xyz, as traders ramped up hedging against more declines in the world's largest cryptocurrency.

Bitcoin whales accumulated while price dropped below $90,000 as smaller holders sold amid extreme fear conditions.

Bitcoin, the world’s largest cryptocurrency, was back below $90,000 on Wednesday — a level last seen in the wake of President Trump’s April 2 “liberation day” tariffs that pummeled stocks and riskier corners of financial markets.

Bitcoin prices were below $94,000 on Monday, while questions mount about whether the market has already hit its cycle high.

Bitcoin (BTC) price steadies near $92,000 at the time of writing on Thursday, holding firmly above the key psychological level of $90,000 — a zone that could support a short-term recovery if preserved.

Crypto sentiment is mixed as traders debate Bitcoin’s next move, with social media data from Santiment showing a mix of “buy-the-dip” optimism and fears that prices could fall further.