đš BITCOIN MARKET UPDATE | VOLATILITY SPIKES đš
Bitcoin ($BTC ) is moving through one of its sharpest corrections of the year. The latest price is holding around $91,000â$91,500, following a heavy drop that has now taken BTC nearly 30% below its October high of $126,000.
In the last 24 hours alone, price tagged lows near $89,400, sending market sentiment deep into extreme fear.
đ BTC Price Snapshot
Spot price: $91,000â$91,500
24h range: $89,400 â $95,800
Drawdown: -30% from October ATH
24h change: -4% to -5%
Support: $90,000â$93,000 (immediate), then $85,000â$75,000
Resistance: $98,000â$100,000
đ Whatâs Driving the Correction
The drop is tied to a mix of macro pressure and fading optimism around U.S. rate cuts. Liquidity has tightened, risk sentiment has flipped, and recent selling has erased all of Bitcoinâs year-to-date gains.
Traders are watching the $90,000 zone closely. A clean breakdown could open the door toward deeper supports in the mid-80s and mid-70s.
Analysts agree: unless BTC pushes back above $100,000, volatility and downside risk remain elevated.
đźđł BTC in India
On Indian exchanges, Bitcoin trades around âč8,085,330, down:
12% on the week
28% from the October high of âč11,177,000
Bitcoinâs correction has dragged the rest of the crypto market with it. Most major altcoins are posting double-digit declines as traders move into risk-off mode.