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Bitcoin Price Crash to $89K, Last Chance to Buy Under $90K, Says Gemini Co-Founder

Michael Adeleke
2 hours ago
Michael Adeleke

Michael Adeleke

Crypto Journalist
Expertise : Cryptocurrency, Blockchain, DeFi
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Bitcoin price crash under $90K as Cameron Winklevoss says the range may mark a final buying window.

Highlights

  • Bitcoin plunged below $90,000, its lowest level since February.
  • Cameron Winklevoss says this may be the last chance to buy BTC below $90K.
  • The ongoing downturn has erased all Bitcoin gains made in 2025.

The Bitcoin price crash has continued as the token fell below $90,000 in Tuesday’s early hours. However, according to Gemini Co-Founder Cameron Winklevoss, this could be the last time the coin would sell this low before a potential recovery.

Cameron Winklevoss Doubles Down Amid Bitcoin Price Crash

In light of the Bitcoin price crash, Gemini co-founder Cameron Winklevoss took to X to say that this might be the last opportunity to buy BTC at $90k. This suggests a bullish stance..

Winklevoss believes that the recent drop in the coin’s price is temporary. Bitcoin has fallen to about $89,420, its lowest point since February. This is a nearly 30% drop from its all-time high of around $126,000 just six weeks ago. Other long-term supporters of BTC share his view and think this downturn won’t last.

For example, Rich Dad Poor Dad author Robert Kiyosaki said he remained committed to the coin. He claimed he won’t be selling any and will continue buying more during the downturn.

The recent Bitcoin price crash has now wiped out all gains made earlier in 2025. This decline started in early October. It has seen over $19 billion in liquidations and wiped out more than $1 trillion in total crypto market value.

The selloff has hit retail investors especially hard. On Nov. 14, wallets associated with small Bitcoin holders sold over 148,000 BTC at a loss, according to CryptoQuant. The biggest dumps occurred after the crypto fell below the $100,000 mark. This led to panic among those holding coins near the valuation of $102,000–$107,000.

Source: CryptoQuant

“Retail is clearly shaken,” said one analyst. “The move below realized price bands has flushed out a lot of weak hands.”

Bitcoin Continues Downtrend Amid Fears Over Federal Reserve

Hopes for a December Federal Reserve rate cut are slowly fading. Data shows that the chance of a rate cut has dropped below 50%. This could put more pressure on Bitcoin as inflation and a strong dollar continue.

The decline could start affecting crypto treasuries. Analysts warn that if prices drop further, forced selling may happen. However, despite the Bitcoin price crash, Strategy still bought BTC yesterday.

Notably, Dan Tapiero, the founder of 50T Holdings, said that some of the money that went into BTC is now being shifted to stablecoins and tokenized asset products. Meanwhile, Vincent Liu of Kronos Research maintains that Bitcoin is still the digital gold despite current dips.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
About Author
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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