Bitcoin fell sharply on Monday and dropped below €75,000 as the wider crypto market extended its steep decline.
Cryptocurrencies entered another losing month as Bitcoin lost more than 5% in Monday morning European trading.
Bitcoin began a long fall after reaching a record high of about €110,000 in early October.
The market saw heavy liquidations and sell-offs that pushed Bitcoin down more than 16% in November.
Bitcoin even moved toward €74,000 during the month as selling pressure increased.
Ethereum and Solana also lost over 5% on Monday and continued the downward trend that began in October.
Bitcoin showed brief stability last month, but each rebound faded and prices resumed their decline.
Investors Retreat From Risky Assets
Other stocks also fell in recent weeks as investors adopted more cautious strategies.
Bitcoin exchange-traded funds saw low inflows as traders avoided higher-risk assets.
ETFs combine several assets into a single product that gives buyers exposure to everything in the fund.
Investors often sell ETF shares when any underlying asset falls, which reduces the ETF’s overall value.
Global economic uncertainty pushed the world’s largest cryptocurrency lower as traders abandoned risk.
Weaker economic signals and fading expectations of early rate cuts from central banks added more pressure.
Experts also link the decline to aggressive trading strategies used by professional investors.
Bitcoin Mirrors Tech Volatility
Many investors hoped Bitcoin would act like digital gold and offer safe-haven stability.
Recent volatility shows that Bitcoin behaves more like other tech-linked assets.
Nvidia, a leading GPU chip maker, also surged this year and then faced similarly sharp drops.
