Analysts indicate that Bitcoin is approaching the lower end of its recent trading range, with any price uptick being countered by selling from investors who acquired the original cryptocurrency near its all-time high in early October.
On Monday, Bitcoin fell by as much as 3.7% to $85,171, but by Tuesday morning, it managed to regain some stability, trading just above $86,000 in Asia. From its peak of approximately $126,000, it has declined over 30%.
Also Read: HDFC Bank receives RBI approval to acquire up to 9.5% ‘aggregate holding’ in IndusInd Bank; stocks under scrutiny
In recent weeks, Bitcoin has continued its downward spiral alongside other high-risk assets, failing to rebound as it typically would. Even after the Federal Reserve cut interest rates last week, analysts suggest that the market is under pressure from poor liquidity and a waning appetite for risk.
As Wall Street braced for significant economic data potentially affecting the Fed’s rate projections, equities, bonds, and the dollar began to fluctuate during the last full trading week of 2025.
On Monday, several cryptocurrencies suffered additional declines. Doge, XRP, and Ether all dropped around 5%, and shares of crypto-related firms also fell. Coinbase Global Inc. slid nearly 7%, while Strategy plummeted over 9% at one point.
In April, in the wake of global financial markets being disrupted by President Donald Trump’s initial tariff plan, Bitcoin reached a low of about $74,400 in 2025.
(Edited by : Juviraj Anchil)
