BTC USD Price Today: Bounces Back Near $94,000 After Overnight Dip Below $90,000
As of Tuesday, Bitcoin is trading at $93,794, largely unchanged over the past 24 hours, with a trading volume of $124 billion, as per a Bitcoin Magazine report. The digital asset sits about 1% below its seven-day high of $94,212 and 5% above its seven-day low of $89,188, giving it a market capitalization of $1.86 trillion, as per the report.
Over 95% of Bitcoin Supply Mined, Final Coins Expected by 2140
Over 19.95 million BTC have been mined, exceeding 95% of the 21 million maximum supply, as per Bitcoin Magazine. New coins continue to be issued through mining, which slows over time due to halving events every four years, and the final fractions of Bitcoin are expected to be mined around 2140, reported Bitcoin Magazine.
The cryptocurrency had earlier dipped to $89,180, marking a significant drop from its October highs and pushing Bitcoin down roughly 2% for 2025, as per the report.
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Bitcoin Resistance Levels Above $94,000 Could Limit Short-Term Rally
Analysts noted that key support levels had been breached, signaling strong bearish sentiment, and immediate support lies near the $83,000–$84,000 range and the 2024 consolidation zone of $69,000–$72,000, while resistance remains thick above $94,000, with key levels at $98,000, $101,000, $106,000–$109,000, and $114,000–$116,000, reported Bitcoin Magazine.Technical patterns, including the broadening wedge, suggest that even a short-term rally may stall below $106,000 before facing potential downward pressure, as per the report. BTC has already declined over 25% from October highs, and analysts suggest the four-year cycle peak may have already passed, though a late-cycle peak in early 2026 is possible, as per the Bitcoin Magazine report.
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Tech Market Weakness
The rebound in Bitcoin coincides with broader tech market weakness. The Nasdaq-100 is down roughly 4% this month, and crypto-linked stocks have also been hit, as per the report.
Global Stock Markets Show Caution Amid Market Turbulence
Global indices are also cautious, with the S&P 500 down nearly 3%, Germany’s DAX down about 3%, Japan’s Nikkei 225 down 7%, and Europe’s Stoxx 600 and the UK’s FTSE 100 down 1.2% for a fourth consecutive day, as per the Bitcoin Magazine report.
Crypto-Linked Stocks Struggle: MicroStrategy, Robinhood, and Coinbase Decline
MicroStrategy (MSTR), which holds Bitcoin, has fallen 27% in November but gained 8% today, Robinhood Markets and Coinbase Global are down 21% and 23%, respectively, reported Bitcoin Magazine.
El Salvador Continues Aggressive Bitcoin Purchases
Despite the market turbulence, El Salvador continued to accumulate Bitcoin, purchasing 1,091 BTC recently and the country now holds a total of 7,474.37 BTC, valued at approximately $688 million, as reported by Bitcoin Magazine.
FAQs
What are Bitcoin’s key support levels?
Support lies near $83,000–$84,000 and the 2024 consolidation zone of $69,000–$72,000.
How has Bitcoin’s performance impacted crypto-linked stocks?
Stocks like MicroStrategy, Robinhood, and Coinbase have fallen 27%, 21%, and 23% respectively this month.