US EditionBitcoin sinks to six-month low as risk-off sentiment persists
- Trading on Friday showed Bitcoin at its lowest since early May, falling below $100,000 and hovering around $94,000 to $97,000 after last month's peak above $126,000.
- Weak economic sentiment likely triggered the move, with stock-market weakness coinciding with crypto losses and analysts citing December Federal Reserve rate-cut expectations.
- CryptoAnalysts' data show heavy selling by long-term Bitcoin holders, who sold around 815,000 BTC over the past 30 days, while many holders—not just crypto whales—have been selling.
- Institutional buying has trailed off in recent weeks, lowering demand, and concentrated selling by a small group can swing prices and affect investor portfolios.
- Political developments have shaped the sector since President Donald Trump's 2024 election, with the Trump administration rolling back crypto regulations and last month pardoning the Binance founder.
18 Articles
18 Articles
Bitcoin sinks to six-month low as risk-off sentiment persists
Bitcoin dropped to its lowest level in six months on Friday, as a broad sell-off in risk assets deepened amid fading hopes that the Federal Reserve will cut U.S. interest rates at its upcoming policy meeting.
Why Bitcoin Is Crashing Again Today
Key PointsA rout in tech stocks is driving at least part of today's move, given Bitcoin's high correlation to other risk assets.Uncertainty in the macro environment is also playing a big role in investor sentiment around holding Bitcoin relative to other assets. Here are a few other factors investors are watching today. 10 stocks we like better than Bitcoin › Most investors would undoubtedly agree that Bitcoin (CRYPTO: BTC) is the world's most i…
Bitcoin Is Suddenly Crashing Pretty Hard
Bitcoin crashed to a six-month low this week, dipping to just above $96,000 by Friday morning. The cryptocurrency has slid from over over $140,000 last month, and fallen nearly eight percent over the last five days alone, showing that investors are now racing to liquidate their holdings. There are likely several factors at play. For one, economic uncertainty over possible changes to interest rates has already triggered a major tech selloff this …
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