Crypto market in shock as bitcoin suddenly plunges below $85,000
Photo: Bitcoin loses $7,000 per day (Getty Images)
After rising in November, Bitcoin fell sharply, signaling a new wave of sales and a potential further decline in the cryptocurrency market, reports Bloomberg.
Cryptocurrency markets started December with a sharp collapse: Bitcoin fell by 5-7% at its peak, dropping below $85,000-88,000.
Ethereum also suffered substantial losses, falling more than 7% to around $2,800-2,900.
According to analysts, the reason for this drop was a general increase in risk-off sentiment in financial markets: investors are leaving volatile assets en masse and choosing safer instruments.
At the same time, the absence of so-called dip buyers (investors who buy assets after a fall) and weak inflows into crypto funds are putting additional pressure on the market.
Bitcoin fluctuations
In November, Bitcoin experienced one of its deepest monthly corrections in the last year, with its price falling from a record high of $126,000 to below $90,000.
Despite a brief stabilization closer to $88,000-$90,000, a new wave of sales confirmed that the market remained very sensitive to changes in the macroeconomic environment.
If this negative trend continues, analysts warn of possible further declines to $80,000 and below, which could force investors to liquidate assets earned during the boom.
In July, Bitcoin rose sharply and set several records in a short period of time. On July 13, its price rose to $119,000, and on July 14, it exceeded $120,000.
However, in November, Bitcoin fell below $90,000, recording its deepest monthly decline in the last year. This virtually wiped out its gains for 2025 and significantly dampened investor sentiment in the digital asset market.
