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Bitcoin Plunges 25%, Erasing All 2025 Gains
Bitcoin lost about $600 billion in market value after a 25% drop from October highs, driven by ETF outflows and uncertainty over Federal Reserve rate cuts.
- Bitcoin fell below $96,000 for the first time in over six months, trading at $95,721.83, marking a 24% drop since its peak in October.
- The cryptocurrency has dropped nearly 24% since its peak in October and is down approximately 2.3% from its value earlier today.
- Dave Rosenberg stated that Bitcoin is in 'official bear market terrain,' having declined over 20% in just over a month.
- Market expectations for a Federal Reserve interest rate cut decreased significantly, with only a 40% chance priced in for December.
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Bitcoin Just Erased All of Its 2025 Gains—And the 'Picture Remains Fragile', Says Analyst
In brief Bitcoin erased all 2025 gains, falling below $93,000 for the first time in nearly seven months. Analysts point to breaking below the 50-week moving average and bearish sentiment around the potentially delayed four-year cycle as key factors in the downturn. The $92,000 level marks…
Bitcoin price under pressure, slips below $94,000 as 'self-fulfilling prophecy' puts 4-year cycle in focus
Bitcoin price under pressure, slips below $94,000 as 'self-fulfilling prophecy' puts 4-year cycle in focus Bitcoin (BTC-USD) remained under pressure on Monday, falling below $94,000 and bringing its losses from record highs in October to around 25%. The drop is prompting questions about whether…
Coverage Details
Total News Sources60
Leaning Left8Leaning Right5Center10Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 35%
C 43%
R 22%
Factuality
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