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Bitcoin decreased by 4.90% to below 85,000 USD, reaching the lowest level since November.
Bitcoin experienced its largest price drop of 4.90% on Tuesday night, falling to $82,242 below $85,000, the lowest value since November 2024. This decline comes after a significant four-day drop, the largest since August, according to analysts at Presto Research. Bitcoin is currently trading at $84,658, according to CoinMarketCap data.
The majority of the price decline is due to a significant outflow of $1 billion from the spot bitcoin exchange-traded funds (ETFs) in the United States (, indicating institutions are canceling spot transactions. Peter Chung from Presto Research emphasized that investors should monitor two important indicators including the annual basis rate of CME and the rate of traditional financial funding. Ether also suffered losses, dropping 7.10% to $2,317, along with major altcoins such as XRP, BNB, and Solana. Chris Yu, CEO of SignalPlus, pointed out that the decline in volatility of bitcoin indicates that speculators are losing confidence in short-term price increases. After Donald Trump’s election, the prices of cryptocurrencies soared, with experts predicting that establishing a comprehensive management system will require a lot of time to develop. The continuous scrutiny from regulatory agencies on MicroStrategy and other companies creates a short-term unfavorable cryptocurrency price environment, prompting investors to question when Bitcoin will recover its upward trend.