Bitcoin dropped sharply on Monday, falling below €75,000 as global cryptocurrencies extended losses.
Cryptocurrencies entered a losing month as Bitcoin fell over 5% in early European trading.
After reaching a record high of €110,000 in October, Bitcoin began a prolonged decline due to heavy liquidations.
In November, Bitcoin lost more than 16% of its value, briefly approaching €74,000.
Ethereum and Solana also fell over 5% on Monday, continuing the downward trend that began in October.
Bitcoin showed brief stabilisation last month, but rebounds faded and prices resumed their slide.
Investors Avoid Risk
Investors sold other stocks as they shifted toward safer assets, keeping inflows into Bitcoin ETFs low.
ETFs bundle multiple assets, including stocks, bonds, commodities, or Bitcoin, into one tradable product.
Investors sell ETF shares when underlying assets lose value, lowering the ETF’s overall price.
Global uncertainty and weak economic signals pushed Bitcoin lower as traders abandoned riskier assets.
Fading hopes of early rate cuts from central banks, including the Fed and Bank of England, reduced investor appetite.
Experts link some losses to aggressive trading by professional investors.
Crypto Mirrors Tech Volatility
Many expected Bitcoin to behave like digital gold, acting as a safe-haven during market stress.
Recent movements show Bitcoin behaves more like tech-adjacent stocks rather than a stable store of value.
Nvidia, a leading GPU producer, also experienced sharp rises and steep drops, reflecting similar volatility.
The pattern suggests Bitcoin remains highly sensitive to market sentiment and tech-sector trends.
