NYN | News
Bitcoin slipped again below the $90,000 level during Monday trading, extending the steep downturn the cryptocurrency has experienced over recent weeks, following its worst monthly performance since the major crypto market crash of 2021, according to Asharq Bloomberg.
The world’s largest cryptocurrency lost about 5% of its value, trading around $86,754, after dropping more than $18,000in November alone. The decline comes as Bitcoin hovers near its lowest level in eight months, amid a clear investor retreat from high-risk assets and a growing tendency to exit both cryptocurrencies and equities.
Ethereum was not spared the pressure either; it fell 6% to $2,840, after losing nearly 22% of its value in November—its biggest monthly drop since last February.
Kathleen Brooks, Research Director at X.T.T., said Bitcoin’s movements have increasingly reflected investor risk appetite, noting that the continued decline may signal the beginning of broader pressure on financial markets at the start of December.
