Bitcoin was slumping Wednesday, deepening recent losses for the cryptocurrency. The CoinDesk Bitcoin Price Index was down about 4% at $89,107 in early-afternoon trading Wednesday at $89,107, according to Dow Jones Market Data.

Bitcoin’s modest rebound after its drop from $89,000 lifted several crypto-exposed stocks, despite broader market uncertainty.

A bear market refers to a situation in which a stock market index or asset declines at least 20% from its recent bull market high. Bitcoin hit that threshold on Nov. 14, when its price had dropped more than 20% from the bull market high it achieved about a month earlier on Oct. 7.

Bitcoin has erased its Tuesday bounce and resumed its slide, as one analyst eyes $84,000–$86,000 as potential local bottom.

In a post on X on Nov. 19, the Mad Money host said it “almost feels like a cabal is trying to keep Bitcoin above $90,000." Cramer reiterated that he remains supportive of Bitcoin itself, while stating he does not “like any of the derivatives created to play it or game it or mine it.”

Stocks moved mostly higher on Wednesday as Wall Street looked to recover from a tech-led sell-off as investors awaited earnings from Nvidia that will set the tone for the next leg

On November 18, BlackRock experienced an unprecedented $523 million withdrawal from its iShares Bitcoin Trust (IBIT), marking the largest single-day

MARA Holdings,Inc. (MARA) is a leading Bitcoin treasury miner and the second-largest corporate Bitcoin holder, but remains highly vulnerable to Bitcoin price volatility. MARA trades at an 96% premium to its net Bitcoin asset value, justified by its mining operations and future diversification into AI and High Performance Computing.