Bitcoin’s value has fallen below $90,000, marking a significant decline since the 2021 crypto crash. On Monday the cryptocurrency extended its losses, dropping 5 % to $86,627—near its eight‑month low of $80,553. This is the largest one‑day fall since early November, when Bitcoin shed more than $18,000, its biggest dollar loss since May 2021, a period when several cryptocurrencies collapsed.
Historically, Bitcoin tends to rise by about 9.7 % in December, making it the third‑best performing month. October is the strongest month, with an average gain of 16.6 %, while September is the weakest, averaging a 3.5 % loss. Ether also experienced a decline, falling 6 % to $2,840 after losing roughly 22 % of its value in November—its most significant loss since February’s 32 % slide.
The entire crypto market has lost over $1 trillion in value since reaching a record size of around $4.3 trillion, according to CoinGecko. U.S.-listed exchange‑traded funds backed by spot Bitcoin saw record outflows of $3.43 billion in November (LSEG data), although a net $21 billion has flowed into these products so far this year.
The crypto downturn has been accompanied by falling European stocks and an anticipated decline in major U.S. indices, while safe‑haven assets such as gold and the Swiss franc have edged higher. Given Bitcoin’s relatively short lifespan, there is limited historical data to guide traders’ expectations for its behavior in December. The market’s performance is being closely watched, and the recent decline has significant implications for investors. As the crypto market reaches new lows, investors are waiting to see how it will react in the coming days.
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