Bitcoin Price Drops Below $120,000 Amid Increased Selling Pressure

Bitcoin’s price has experienced a significant dip, falling below the crucial $120,000 level. As of October 9th, 2025 at 1 p.m. EST, Bitcoin hit $119,736 on exchanges like Bitstamp and Binance, according to market data. This sharp price correction comes as investors react to increased selling pressure and a more cautious market sentiment. Several factors contribute to this decline, including reduced liquidity and decreased leverage across major exchanges such as Binance.