Bitcoin Prices Keep Falling As 3 Things Put Pressure on the Top Crypto
Bitcoin is extending its brutal slump into bear market territory.
The apex crypto is on the verge of ending another week in the red, tumbling below $84,000 and barreling toward its worst month since 2022.
After missing out on an expected October rally, the carnage in crypto continued into November. A host of selling pressures have accumulated in the space, and bitcoin is down 33% from its all-time above $126,000.
All told, more than $1 trillion in value has been erased from the crypto market in recent weeks.
Market watchers say a handful of negative catalysts are keeping the pressure up this week:
- Margin calls on leveraged positions
- Market conditions the most bearish since 2022
- An uncertain interest rate cut…
