BTC/USD: Bitcoin Briefly Wipes Out All 2025 Gains as Prices Dip Under $93,200
Orange coin is looking rather blue these days. 💥 From Euphoria to ExhaustionBitcoin is looking bruised — and not just because of the chart. Just five weeks after printing a record above $126,000, the world’s largest cryptocurrency briefly plunged below $93,200. And as it did, it wiped out all its year-to-date gains. For one of the market’s most momentum-charged trades, the reversal has been jarring. Bitcoin’s October run was one for the books, though, with the token climbing more than 30% since January, before peaking at its all-time high on October 6. ⚖️ Small Bounce for Coin, Big Uncertainty for TradersBut after slipping below $100,000, the selloff accelerated quickly, sending traders scrambling to determine whether this is merely a sharp shakeout or a sign of something more structural. Monday’s drop under $93,200 marked the lowest print since May, a level that officially erased all the green this year. Bitcoin found some footing in Asian trading hours as US stock futures and tech stocks showed early strength ahead of this week. 💎 The Bottom or Just the Beginning?The token clawed back toward $95,000 earlier today, giving bulls a sliver of relief but doing little to ease broader nerves. Whether Bitcoin stabilizes or breaks lower will likely depend on this week’s broader risk appetite — and whether Nvidia’s results reignite enthusiasm or deepen the ongoing risk-off mood. There’s also the jobs report for September, coming on Thursday, after it got delayed due to the longest US government shutdown. Pay close attention to risk this week – it could get volatile.