FORBES · 2026-11-14 12:16 UTC

Bitcoin 'Collapse' Fears Suddenly Surge After $2 Trillion Crypto Crash

Bitcoin has fallen more than 20% since reaching almost $90,000 in late September, now trading around $66,000, with about $2 trillion wiped from the combined crypto market. Gold investor Peter Schiff, a bitcoin critic, told Bitcoin Magazine that the market has peaked and urged holders to sell, while bitcoin remains about half its October 2025 all-time high of $126,000. Bitfinex Alpha analysts say bitcoin is testing its 200-week simple moving average near $67,800 and that a weekly close above roughly $68,000 would keep the long-term trend bullish.

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