Bitcoin price dumped yet again this morning in trading to lows of $86,610, down over 1% over the past 24 hours.

Rental Coins, a collapsed Brazilian crypto company, has filed for Chapter 15 bankruptcy in the U.S. to help it recover assets, Bloomberg Law recently reported. Chapter 15 is designed for cross-border insolvency cases, allowing foreign companies undergoing bankruptcy proceedings abroad to protect their U.S.-based assets.

Bitcoin prices pushed lower on Thursday, November 20, extending recent losses as macro variables fueled weakness in the markets.

Veteran trader Peter Brandt says Bitcoin may not reach $200,000 for four years, throwing cold water on many crypto executives’ end-of-year predictions.

The likelihood of bitcoin ending the year below $90,000 has risen to 50%, according to online options platform Derive.xyz, as traders ramped up hedging against more declines in the world's largest cryptocurrency.

The crypto fear and greed index has dropped to 15, indicating "extreme fear" among traders. Similar to Bitcoin's volatility, even the sentiment of the crypto traders has been wild.

Liquidity has been draining out of the financial system, putting pressure on speculative assets like cryptocurrencies.

Investors pulled roughly $523 million from BlackRock's flagship iShares Bitcoin Trust on Tuesday, according to data from Farside Investors, marking the fund's largest single-day withdrawal since its launch.

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.”

Bitcoin briefly fell below $90,000 overnight as investors sell once high-flying assets like cryptocurrencies and artificial intelligence stocks.