Bitcoin plunged below €75,000 on Monday as global cryptocurrency markets continued their steep post-October drop.
The coin fell more than 5% during European trading, deepening losses for November.
After peaking near €110,000 in early October, Bitcoin entered a prolonged decline caused by mass liquidations and sell-offs.
By November, Bitcoin lost over 16% of its value, briefly dipping toward €74,000.
Ethereum and Solana also fell more than 5%, extending the downward momentum seen since October.
Bitcoin showed short-lived stabilisation last month, but rebounds failed, and prices resumed their fall.
Investors Move Away From Risk
Other stocks also declined as investors adopted risk-averse strategies while Bitcoin ETF inflows stayed low.
ETFs bundle assets like stocks, bonds, commodities, or Bitcoin, giving investors exposure through a single share.
Investors sell ETF shares when underlying assets drop, which lowers the ETF’s total price.
Global market uncertainty and weaker economic signals pushed Bitcoin lower as traders offloaded riskier assets.
Fading hopes of early rate cuts by central banks, including the Fed and Bank of England, contributed to the slump.
Analysts also attribute the decline to aggressive trading tactics by professional investors.
Bitcoin Mirrors Tech Volatility
Many investors hoped Bitcoin would act like a safe-haven asset, similar to digital gold.
Recent price swings reveal Bitcoin behaves more like tech-focused stocks than a stable investment.
Nvidia, which surged earlier this year, also experienced sharp drops, reflecting similar market volatility.
This pattern signals that Bitcoin remains sensitive to broader market shifts and investor sentiment.
