Bitcoin fell to a six-month low as crypto selling spread

Bitcoin fell to its lowest level in approximately six months on November 14, 2025 as selling spread across digital assets and investors reduced exposure to risk-sensitive markets.

CoinMarketCap’s historical snapshot placed bitcoin at $94,397.79, down 5.32% over the provider’s rolling 24-hour window and 8.68% over seven days. It estimated bitcoin’s market capitalization at $1.883 trillion using a reported circulating supply of 19,948,812 BTC. The snapshot showed approximately $114.35 billion of 24-hour volume.

The development mattered because bitcoin had traded above $126,000 during October. By November 14, the market was no longer experiencing a contained retreat from a record: the largest cryptocurrency had broken below $100,000, institutional positioning had turned defensive and higher-beta assets were falling even faster.

The decline continued through the session

Reuters reported in early-afternoon U.S. trading that bitcoin had reached $95,885.33, its lowest observed price since May 7, before trading at $96,564, down 2.3% at that observation. CoinMarketCap’s later historical snapshot recorded a still-lower price and a larger rolling decline.

Those figures describe different measurement times and should not be treated as contradictory closes. Bitcoin trades continuously across fragmented exchanges and has no universal closing auction. Reuters supplied a point-in-time market observation; CoinMarketCap supplied an aggregator snapshot calculated from its covered venues and methodology.

The selloff was broader than bitcoin. CoinMarketCap placed ether at $3,103.79, down 3.99% over 24 hours and 9.65% over seven days. Solana was quoted at $138.68, down 4.43% for 24 hours and 14.24% for seven days. Cardano’s corresponding changes were negative 6.16% and negative 13.47%.

Zcash was a notable exception, rising 15.83% over the snapshot’s 24-hour window. That divergence prevents describing the session as a uniform decline in every crypto asset, although weakness clearly dominated the largest tokens.

Risk appetite and leverage were under pressure

Coinbase Institutional’s November 14 commentary said the end of the U.S. government shutdown had not restored risk appetite. Its analysts characterized investors as using a rebound to reduce exposure and reported that the implied probability of a 25-basis-point Federal Reserve cut had fallen from 67% earlier in the week to 47%.

Coinbase also described open interest as declining and said options activity favored put strategies and long-volatility positions. Those were contemporaneous institutional observations, not proof that monetary-policy expectations or derivatives positioning alone caused bitcoin’s decline.

CoinDesk’s morning market record reported more than $1.11 billion of cryptocurrency liquidations over the preceding 24 hours, citing CoinGlass, with most of the liquidated positions representing bullish bets. Liquidation estimates depend on exchange coverage and publicly visible derivatives data; they are not a complete audited account of every venue.

What the November 14 record established

The defensible conclusion is narrow: bitcoin reached its weakest level since May, the exact-date CoinMarketCap snapshot showed a 5.32% rolling 24-hour loss, and several major non-stablecoin assets recorded substantial declines at the same measurement point.

The records support interpreting November 14 as a broad risk-reduction event. They do not isolate one cause, establish a permanent bear market or determine what prices would do afterward. Macro expectations, exchange-traded-product flows, leverage, holder sales and ordinary changes in liquidity could all have contributed, but the surviving evidence cannot assign each factor a verified share of the move.