- Bitcoin price showed renewed weakness as buyers returned to support below $90,000.
- The largest coin fell despite the US Federal Reserve’s interest rate decision.
- Oracle shares plunged 11% in premarket trading amid AI-related concerns.
Bitcoin failed to stage a meaningful rebound on Wednesday after the US Federal Reserve cut interest rates, and the digital asset showed further weakness on Thursday as it slipped below $90,000.
The decline in BTC price reverberated across the cryptocurrency market, with major tokens also retreating to key levels amid renewed selling pressure.
Although the flagship digital asset remained close to a critical level at the time of writing on December 11, 2025, risk assets broadly looked weak as turbulence surfaced in tech stocks.
Oracle shares fell sharply after the company missed expectations for both earnings and revenue.
Why did Bitcoin price drop today?
Bitcoin was trading around $90,379 at the time of writing, down about 2.4% over the past 24 hours.
The crypto benchmark nevertheless stayed above its intraday low of $89,458. Losses occurred alongside a roughly 9% rise in daily volume, which exceeded $70 billion.
While equities climbed after the Fed’s rate cut, Oracle’s premarket sell-off dragged down other AI-sensitive stocks and signaled fresh losses that could embolden Wall Street bears.
CNBC reported that Oracle shares plunged more than 11% in premarket trading.
The downside rippled through AI peers: Nvidia fell nearly 2% at the time, Micron dropped about 1.4%, and Microsoft, CoreWeave and AMD also traded lower.
That negative sentiment, intensified in the crypto sphere, contributed to BTC’s decline.
Ethereum, XRP and Solana all gave back gains as the market continued to unwind after the crash and sentiment shift following the October 10, 2025 sell-off.
Analysts at CryptoQuant say short-term holders still dominate the on-chain picture and remain in a “pain zone.”
“Structurally, these deep pockets of losses tend to appear closer to the late stages of a correction than the early ones,” a CryptoQuant analyst noted.
BTC Short-Term Holders are Still in a Pain Zone
“Structurally, these deep loss pockets usually show up closer to the late stages of a correction than the early ones.” – By @IT_Tech_PL pic.twitter.com/bw39CfxGh6
— CryptoQuant.com (@cryptoquant_com) December 11, 2025
Standard Chartered lowers BTC forecast for 2025
The lack of momentum since falling below $100,000 has prompted analysts to recalibrate year-end price targets.
Standard Chartered, for example, announced earlier this week that it cut its BTC 2025 forecast from $200,000 to $100,000.
Geoff Kendrick, global head of digital asset research at the bank, highlighted a slowdown in purchases by corporate bitcoin treasuries as one factor behind the downgrade.
According to the analyst, buyers may now have only one primary price catalyst left: the spot exchange-traded fund (ETF) channel.