Bitcoin fell sharply on Monday and dropped below €75,000 as the wider crypto market extended its decline.
Cryptocurrencies entered another losing month as Bitcoin fell more than 5% in early European trading.
Bitcoin reached a record high of about €110,000 in early October before it began a long downward slide.
Heavy liquidations and broad sell-offs accelerated the fall, pushing Bitcoin towards €74,000 in November.
Other leading cryptocurrencies also lost value on Monday, with Ethereum and Solana dropping more than 5%.
Bitcoin showed brief stability last month, yet each rebound faded and prices continued to fall.
Investors Retreat From Risk
Stocks also declined in recent weeks as investors shifted toward risk-averse behaviour.
Inflows into Bitcoin exchange-traded funds remained low as market uncertainty rose.
An ETF groups assets such as stocks, bonds, commodities, or Bitcoin into one product.
Investors buy one share to gain exposure to every asset held by the fund.
They often sell ETF shares when underlying asset prices drop, pushing the ETF lower.
Global uncertainty and declining risk appetite dragged the world’s largest cryptocurrency downward.
Traders sold risky assets after weak economic signals and reduced hopes for early rate cuts by major central banks.
Analysts also link the slump to aggressive trading strategies used by professional investors.
Digital Assets Mirror Tech Volatility
Many hoped Bitcoin would behave like a safe-haven asset similar to digital gold.
Its ongoing unpredictability instead shows behaviour closer to tech-linked stocks.
Nvidia surged earlier this year and then experienced similarly sharp dips.
