Bitcoin dropped sharply on Monday and fell below €75,000 as the wider crypto market extended its steep decline after its October peak.
Cryptocurrencies started another month in negative territory as Bitcoin lost more than 5% in Monday’s European trading and slipped under €75,000.
Bitcoin reached a record high of about €110,000 in early October but then entered a long downturn as large liquidations and sell-offs hit the market.
Bitcoin lost more than 16% in November and briefly moved toward €74,000.
Other major cryptocurrencies also lost value on Monday, with Ethereum and Solana falling over 5% as the downward trend from October continued.
Bitcoin showed brief signs of stability last month, yet each rebound faded and prices began to fall again.
Market Pressure and Investor Retreat
Stocks in other sectors also declined in recent weeks as investors shifted toward safer positions and inflows into Bitcoin exchange-traded funds remained low.
An ETF groups assets such as stocks, commodities, bonds, or Bitcoin into one product.
Buyers gain exposure to all assets in the fund when they purchase a single ETF share.
Investors often sell ETF shares when underlying asset prices fall, which lowers the overall ETF price.
Global uncertainty and weaker economic signals pushed traders to abandon riskier assets, which dragged Bitcoin lower.
Central banks such as the US Federal Reserve and the Bank of England reduced hopes of early rate cuts, further weakening investor appetite.
Experts also link the downturn to aggressive strategies used by professional traders.
Shifting Expectations for Digital Assets
Many investors hoped Bitcoin would behave like a safe-haven asset similar to digital gold, yet its volatility shows patterns closer to tech-linked stocks.
Nvidia, which produces highly demanded GPU chips, also surged this year and then experienced similarly sharp declines.
