Bitcoin (BTC) Price News: Falls to $88K, Erases Bounce After Nvidia Earnings

Bitcoin's price fell back to nearly $88,000 after briefly surpassing $93,000 on November 20, 2025, following a positive earnings report from Nvidia. The surge in Bitcoin was short-lived, as it experienced selling pressures shortly after. Ethereum also faced a decline, dropping below $2,900 amid concerns related to FG Nexus, which sold a significant amount of its ether holdings. The broader market saw volatility, with U.S. stocks, including the Nasdaq, reversing earlier gains. The performance of Bitcoin and Ethereum aligns with ongoing concerns about the Federal Reserve's interest rate policies, with market sentiments affecting investor behavior in the cryptocurrency space. Despite the initial positivity triggered by Nvidia’s strong outlook, both major cryptocurrencies faced renewed pressures from sell-offs, leading to significant losses for related stocks and contributing to bearish market sentiment.

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