Archive · 2 Dec 2025
Bitcoin Drops Below $88,000 in December Risk-Off Start
Bitcoin and other cryptocurrencies like Ether dropped a lot in price on Monday.
Bitcoin fell below $88,000, and Ether went below $2,900.
This happened because people are feeling unsure about the market and not buying as much.
Earlier, Bitcoin had reached a high of $126,251, but then it started to drop.
Traders are now watching to see if it will go down to $80,000.
This drop is part of a bigger trend where people are being more careful with their money.
The US economy and what the Federal Reserve does with interest rates might also affect the market.
Asian stocks tried to recover on Tuesday, but the focus is on Japan's bond auction and the possibility of a rate hike.
A big real estate company in China is also having money problems, which is making investors nervous.
Overall, the market is a bit shaky as people wait to see what happens next.
Bitcoin dropped as much as 6% on Monday, trading around $85,468, down over 30% from its October high of $126,251.
Ether fell 7.6% on Monday, and has dropped 17% this year, reflecting a broader cryptocurrency selloff.
The selloff follows a weeks-long decline that began in early October after Bitcoin hit an all-time high.
Traders are watching $80,000 as the next key support level for Bitcoin, with some predicting it could fall to $60,000.
Risk-off sentiment, meagre inflows into Bitcoin ETFs, and absence of dip buyers are contributing to the market's uncertainty.
- Who
- Bitcoin and Ether investors, traders, and market analysts
- What
- Sharp decline in cryptocurrency prices, particularly Bitcoin and Ether
- When
- Monday, early Asia trading
- Where
- Global cryptocurrency markets
- Why
- Risk-off sentiment, meagre inflows into Bitcoin ETFs, and absence of dip buyers
- Bitcoin Price
- Below $88,000
- Ether Price
- Below $2,900
- Market Sentiment
- Risk-off
- US Economic Data
- Expected to shape Fed rate decisions
- Federal Reserve
- Considering rate-cutting cycle continuation
- Japan Bond Auction
- Final auction of 10-year Japanese government bonds
- China Vanke Co.
- Facing liquidity pressure, asked bond holders to wait a year
- US 10-year yield
- Around 4.1%
Sources
Bitcoin plunges to below $88,000 in risk-off start to December
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