[Bitcoin Now] $90,000 Mark Breaks for First Time in 7 Months... Altcoins Also Decline

The market capitalization leader among virtual assets, Bitcoin, has continued to decline, breaking below the $90,000 mark for the first time in seven months.

According to global virtual asset tracking site CoinMarketCap, as of 1:35 p.m. on November 18, Bitcoin was trading at $89,985.09, down 5.45% from 24 hours earlier.

This is the first time in seven months that Bitcoin has fallen below the $90,000 level, since it plummeted to around $74,400 last April amid uncertainty over U.S. tariff policies.

At the same time, major altcoins (virtual assets other than Bitcoin) by market capitalization, including Ethereum (-6.35%), Ripple (XRP) (-4.73%), BNB (-3.79%), Solana (-4.84%), and Tron (-0.91%), were also all on a downward trend.

Bloomberg News analyzed that a series of hawkish comments from members of the U.S. Federal Reserve have dampened expectations for an additional rate cut in December, and the stock market's recent decline from its highs has weakened investor sentiment toward high-risk assets such as Bitcoin.