Bitcoin plunged on Monday and fell below €75,000 as the broader crypto market extended its steep decline.
Cryptocurrencies entered another losing month as Bitcoin dropped more than 5% during European trading.
Bitcoin reached about €110,000 in early October and then began a long slide after heavy liquidations.
The currency lost over 16% in November and even moved toward €74,000 at one point.
Other major tokens also fell on Monday, with Ethereum and Solana dropping more than 5%.
Bitcoin showed brief stability last month, but each rebound faded and prices resumed their fall.
Risk-Averse Investors Shift Strategies
Stocks linked to higher risk also declined in recent weeks as investors adopted cautious behavior.
Bitcoin exchange-traded funds continued to see weak inflows during this period.
An ETF holds assets such as stocks, bonds, commodities, or Bitcoin inside one product.
Investors buy one ETF share to gain exposure to all assets inside the fund.
They often sell ETF shares when the value of one or more underlying assets drops.
This selling pressure affects the overall ETF price and adds to market volatility.
Market Forces Drive Continued Weakness
Global uncertainty and reduced appetite for risk pushed the world’s largest cryptocurrency lower.
Traders dumped volatile assets after weaker economic signals and fading hopes of early rate cuts.
Central banks such as the US Federal Reserve and the Bank of England influenced these expectations.
Experts also link the decline to aggressive strategies used by professional traders.
Many investors expected Bitcoin to behave like a safe-haven asset similar to digital gold.
Its sharp swings instead show that it behaves more like tech-linked stocks.
Nvidia, which produces high-demand GPU chips, surged this year and then experienced similar steep drops.
