Bitcoin plunged on Monday and dropped below €75,000 as the wider crypto market extended its sharp decline.
Cryptocurrencies entered another month of losses as Bitcoin fell over 5% during European morning trading.
Bitcoin reached about €110,000 in early October before it started a long and steep downturn driven by liquidations and heavy selling.
In November, Bitcoin lost more than 16% of its value and briefly moved toward €74,000.
Other leading cryptocurrencies also fell on Monday as Ethereum and Solana each dropped over 5% and continued the downward trend that began in October.
Bitcoin showed brief stability last month, yet each rebound faded and prices resumed their fall.
Shifts in Investor Behavior
Global stocks dropped in recent weeks as investors adopted risk-averse strategies and kept inflows into Bitcoin exchange-traded funds low.
ETFs combine assets such as stocks, bonds, commodities, or Bitcoin into a single investment product.
Investors buy one ETF share and gain exposure to every asset inside the fund.
They often sell ETF shares when any underlying asset loses value, which pushes the ETF’s price lower.
Global uncertainty and weak economic signals reduced investor appetite and dragged Bitcoin down.
Traders exited riskier holdings after hopes of early rate cuts by major central banks faded.
Experts also link the slump to aggressive strategies used by professional traders.
Broader Tech-Linked Volatility
Many investors hoped Bitcoin would behave like a safe-haven asset similar to digital gold.
Its recent volatility instead shows that it behaves more like tech-linked stocks.
Nvidia, which produces highly sought-after GPU chips, also surged this year and later experienced steep declines similar to Bitcoin.
