By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

BTCRepublic: Timely News & Analysis for Smarter Trading.

  • ABOUT
  • DISCLAIMER
  • CONTACT
New Logo Black BTCRepublic BTCRebpublic-New White Logo
  • Guides
    • Bitcoin
    • Ethereum
    • Altcoins
    • Blockchain
    • DeFi
    • Mining
    • NFTs
    • Wallets
  • News
    • Bitcoin News
    • Ethereum News
    • Altcoins News
    • NFT News
    • Memecoin News
    • Blockchain News
    • Stablecoins News
    • DeFi News
  • Reviews
    • Exchanges
    • Wallets
    • Casinos
    • Services
  • Price Predictions
    Price PredictionsShow More
    Solana (SOL) Price Faces Correction, But Bulls Eye $205
    Solana (SOL) Price Faces Correction, But Bulls Eye $205
    October 14, 2025
    Ethereum Price Prediction 2024, 2025
    Ethereum Price Prediction 2024, 2025: What to Expect for ETH by 2030
    October 14, 2025
    Bitcoin Price Rises To $78k
    Bitcoin Hits $65K as China Unveils Stimulus (September 2024)
    October 16, 2025
    Ethereum (ETH) Surged 15%
    Ethereum (ETH) Surged 15% In 7 Days Despite Whale Selloff
    October 14, 2025
    Worldcoin (WLD) Price Surged 16% As OpenAI Drops New AI Model
    Worldcoin (WLD) Price Surged 16% As OpenAI Drops New AI Models
    October 14, 2025
  • About US
  • Privacy Policy
  • Editorial Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
  • Sitemap
Reading: Why Did Bitcoin (BTC) Price Fall Today Below $55,000?
Share
  • bitcoinBitcoin(BTC)$110,868.96
  • ethereumEthereum(ETH)$3,995.58
  • tetherTether(USDT)$1.00
  • binancecoinBNB(BNB)$1,190.25
  • rippleXRP(XRP)$2.40
  • solanaSolana(SOL)$193.00
  • usd-coinUSDC(USDC)$1.00
  • staked-etherLido Staked Ether(STETH)$3,992.04
  • dogecoinDogecoin(DOGE)$0.196693
  • tronTRON(TRX)$0.322018
Font ResizerAa
BTCRepublicBTCRepublic
  • Guides
  • News
  • Reviews
  • Price Predictions
Search
  • Guides
    • Bitcoin
    • Ethereum
    • Altcoins
    • Blockchain
    • DeFi
    • Mining
    • NFTs
    • Wallets
  • News
    • Bitcoin News
    • Ethereum News
    • Altcoins News
    • NFT News
    • Memecoin News
    • Blockchain News
    • Stablecoins News
    • DeFi News
  • Reviews
    • Exchanges
    • Wallets
    • Casinos
    • Services
  • Price Predictions
Follow US
  • About US
  • Privacy Policy
  • Editorial Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
  • Sitemap
© 2025 All Rights Reserved by BTCRepublic.

Home - Price Predictions - Why Did Bitcoin (BTC) Price Fall Today Below $55,000?

Price Predictions

Why Did Bitcoin (BTC) Price Fall Today Below $55,000?

Oladapo Timothy
Last updated: October 14, 2025 8:31 am
Oladapo Timothy
Published: October 14, 2025
Share
Bitcoin (BTC) Falls Today Below $55,000
SHARE
Highlights
  • Bitcoin price plunged below $55,000 due to disappointing US jobs report, which signals recession fears.
  • The US jobs report sparked fears of a possible economic recession, causing a sell-off, which led to the decline in Bitcoin price.
  • This movement is in line with Arthur Hayes’ recent predictions.

The price of Bitcoin (BTC) is on the decline, with the crypto falling below the $55,000 level in Friday’s session.

Bitcoin (BTC) Falls Today Below $55,000

According to data from Tradingview, the price of Bitcoin (BTC) dropped below $55,000 amid a rough September start.

btcrepublic advertise
Price Of Bitcoin (BTC) Falls Today Below $55,000

As of 14:42 UTC today, September 6, 2024, Bitcoin fell below the $55K benchmark and traded at $54,745, plunging 3.5% over the past 24 hours. 

Bitcoin #BTC has just dropped below $56k. 😭😢 pic.twitter.com/fKESpsW3PM

— newsOcrypt (@newsOcrypt) September 6, 2024

This significant drop in the price of Bitcoin is likely related to the saddening August 2024 US jobs data released earlier today.

Bitcoin is not the only token affected by the disappointing report; the entire crypto market, typically following its master’s lead, was also affected by the economic data. 

Currently, the Bitcoin Fear and Greed Index stands at 22. At this index, Bitcoin sentiment is at the same levels as when the price was $16,000.

Price Of Bitcoin (BTC) Falls Today Below $55,000 2

The Fear of Recession Possibly Dragged Bitcoin and Other Cryptos Down

According to the US Department of Labor Statistics, there was a 142,000 increase in non-farm payroll employment in August. This shows a slowing labor market, which is not good for the US economy. 

btcrepublic advertise 2

Also, the rate of unemployment stayed at 4.2%, with 7.1M people unemployed. This reflected a poorer condition considering last year’s rate of 3.8%, with 6.3M people unemployed.

While an improvement in the level of employment usually indicates a potential interest rate cut, which could boost risky assets like Bitcoin, the saddening report has instead sparked fears of a possible economic recession, causing the opposite.

The poor jobs data triggered a sell-off across various risky assets like stocks and crypto. The price of cryptocurrencies, which are considered risky assets, plunged in the wave of sell-off.

Prices of stocks were also affected. For instance, S&P 500 futures plunged 0.5% following the report – another worst performance following the August 5 market meltdown.

Price Of Bitcoin (BTC) Falls Today Below $55,000 3

What Next?

Bitcoin traders and holders are already set for more price volatility as they await other key economic data to know if the US will hit recession or not and how the Feds might adjust its policies.

Recently, Arthur Hayes, BitMEX co-founder, predicted that the price of Bitcoin could dive deeper towards $50,000 in September due to the unfavorable activities of the Feds and US Treasury, as reported by BTCRepublic.

Arthur Hayes mentioned that Bitcoin is sensitive to changes in dollar liquidity, and if the Fed does not cut interest rates before the September 18 meeting, Bitcoin’s price may suffer.

As it is now, Bitcoin may fall beyond $50k if there is no quick intervention.

DOGS Meme Coin Joins Top 100 Largest Gainer After 30% Price Jump
How To Mine Bitcoins For Free? – Miners Should Know in 2025
Ledger Begins Shipping Stax Hardware Wallet
What Is A Bitmain KS3 Miner? – Exploring The KASPA Mining World
Retail Traders Went Ultra Bearish As Bitcoin (BTC) Dipped To $113K
TAGGED:BitcoinBTCCrypto

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
Subscription Form
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Print
ByOladapo Timothy
Follow:
An expert, trader and writer with extensive experience of digital assets, covering everything related to the burgeoning crypto industry — from price analysis to Blockchain disruption. I have authored more than 2,000 stories for crypto and fintech media outlets. I am particularly interested in regulatory trends around the globe that are shaping the future of digital assets.
Previous Article Vitalik Buterin To Donate All Layer-2 Token Holdings To Charity, Won’t Sell For Profit Vitalik Buterin To Donate ‘Not Sell’ All Layer 2 (L2) Crypto Proceeds
Next Article Best Trust Wallet Alternatives 7 Best Trust Wallet Alternatives To Try
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to Our Newsletter
Subscribe to our newsletter to get our newest articles instantly!
Subscription Form
Binance and Israeli Forces Allegedly Seize Palestine Crypto
Binance and Israeli Forces Allegedly Seize Palestine Crypto
News
Worldcoin (WLD) Price Surged 16% As OpenAI Drops New AI Model
Worldcoin (WLD) Price Surged 16% As OpenAI Drops New AI Models
Price Predictions
How To Buy Ripple (XRP) - A Step-by-Step Guide For Beginners
How To Buy Ripple (XRP) 2024 – A Clean Guide For Beginners
Altcoins
Indian High Court Orders Take Down of Mudrex Impersonation Scammers
Indian High Court Orders Take Down of Mudrex Impersonation Scammers
News

Follow Us on Socials

BTCRepublic use social media to react to hot news, update supporters and share authentic and factful information

Facebook Twitter Linkedin Telegram Pinterest
New Logo Black BR


BTCRepublic is the go-to source for comprehensive news coverage on blockchain technology, cryptocurrencies, non-fungible tokens, and Web3 gaming. Our content ranges from market trends to in-depth price analysis, fresh developments, interviews, and beginner guides.

Subscribe to our newsletter

Stay ahead of the curve with the BTCRepublic newsletter. By subscribing, you will get information about what is happening in the Web3 world straight to your inbox.

Subscription Form (#3)

More

  • About US
  • Privacy Policy
  • Editorial Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
  • Sitemap
Reading: Why Did Bitcoin (BTC) Price Fall Today Below $55,000?
Share
© 2025 All Rights Reserved by BTCRepublic