Bitcoin fell sharply on Monday, dropping below €75,000 as cryptocurrency markets extended their post-October decline.
European trading saw Bitcoin lose over 5%, pushing the digital currency further into negative territory.
After peaking near €110,000 in early October, Bitcoin entered a prolonged slide triggered by heavy liquidations and widespread sell-offs.
In November, Bitcoin dropped more than 16%, briefly approaching €74,000.
Other major cryptocurrencies also fell Monday, with Ethereum and Solana losing over 5% and continuing October’s downward trend.
Bitcoin briefly stabilized last month, but each recovery proved short-lived as prices resumed their fall.
Investors Abandon Risky Assets
Stocks have fallen in recent weeks as investors adopt risk-averse strategies and reduce inflows into Bitcoin ETFs.
ETFs bundle assets like stocks, bonds, commodities, or Bitcoin into a single tradeable product.
Investors sell ETF shares when underlying asset prices decline, which lowers the total fund value.
Global market uncertainty and fading investor appetite dragged Bitcoin lower as traders abandoned risky holdings.
Weaker economic signals and disappearing hopes for early rate cuts by the US Federal Reserve and Bank of England intensified selling.
Experts also link the slump to aggressive trading methods used by professional investors.
Bitcoin Mirrors Tech Stock Volatility
Many investors hoped Bitcoin would behave like a safe-haven asset similar to digital gold.
Recent swings show Bitcoin acts more like tech-adjacent stocks than a stable store of value.
Nvidia, a leading GPU manufacturer, surged this year but faced similar sharp declines, reflecting broader tech-market volatility.
Bitcoin’s unpredictability continues to challenge investors expecting safe or steady returns.
