Crypto Meltdown: Bitcoin Hits Six-Month Low With More Pain Possible

Bitcoin sank below $93,000 on Monday, hitting a six-month low and wiping out all gains for 2025, according to CoinDesk. The world’s largest cryptocurrency is now down 27% from its October record.

Ether followed the slide, while crypto-linked stocks — including Coinbase, Circle and Gemini — fell sharply, reflecting broader risk-off sentiment.

Bitcoin has wiped out all of its gains for the year. pic.twitter.com/GifZYks4pM

— Brew Markets (@brewmarkets) November 17, 2025

Analysts say stronger-than-expected U.S. economic data is weakening hopes for a December Federal Reserve rate cut, a key pressure point for speculative assets.

The New York Fed’s Empire State Manufacturing Survey unexpectedly jumped to 18.7, making markets reevaluate the odds of easing. Polymarket now puts the chance of no rate move at 55%, while CME FedWatch estimates 60%.

Technical factors are adding strain. CME Bitcoin futures left an unfilled gap near $91,970, a level BTC often revisits.

Still, Bitfinex analysts say short-term holders are capitulating, a pattern that often marks a local bottom in historical cycles.

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Emory University Expands Bitcoin Bet With $52 Million ETF Stake

Emory University expanded its exposure to bitcoin during the third quarter, signaling growing institutional comfort with digital assets, according to a new 13F filing reported by CoinDesk. The Georgia-based university disclosed ownership of more than 1 million shares of the Grayscale Bitcoin Mini Trust as of Sept. 30, a stake

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U.S. And China Step Up Crackdowns On Global Crypto Scam Networks

The United States and China are intensifying their crackdowns on transnational crime syndicates running cryptocurrency scams across Southeast Asia. Criminal networks operating along the Thailand–Myanmar–Laos–Cambodia corridor have coerced or tricked victims into sending funds through bitcoin, ether, or stablecoins, which are then laundered through complex cross-border systems.

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