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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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62 Articles
62 Articles
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 Sources62
Leaning Left8Leaning Right4Center9Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 38%
C 43%
R 19%
Factuality
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