Bitcoin Price Crash Boils Down to 4 Headwinds Hurting Crypto Market
November wasn’t kind to some of the market’s high-flying risk-on investments.
The Nasdaq 100 — dominated by the tech elite driving the AI trade — posted its first monthly decline since March.
Bitcoin, meanwhile, fared even worse, plunging 17%. It’s been in a bear market since mid-November, and currently sits about 32% below record highs reached in early October. Based on where things stand now, that peak feels like a distant memory.
Selling pressure accelerated on Monday, with the king crypto tumbling as much as 8% to below $84,000.
What makes this particular bout of selling so concerning is that there’s no single reason for the weakness. Bitcoin is instead suffering from a ruthless cocktail of headwinds…
