NEW YORK / LONDON (IT BOLTWISE) – The price of Bitcoin has experienced a dramatic decline, falling to $80,500. This represents the sharpest decline since 2022 and raises questions about the stability of the crypto market. Experts warn of the impact of interest rate fears and liquidations, which could put further pressure on the market.
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The Bitcoin market once again demonstrated its volatility as the price fell to $80,500. This decline marks the sharpest decline since 2022 and has reduced Bitcoin’s market capitalization to approximately $1.64 trillion. This is in stark contrast to early October, when Bitcoin hit a record high of $126,000 and the market cap was around $2.5 trillion.
The uncertainty in the market is increased by interest rate fears and the liquidation of leveraged positions. These factors cause investors to dump their holdings, increasing selling pressure. Timo Emden from Emden Research describes the current situation as a “sell-off mood” that is further fueled by profit-taking.
Johanna Belitz from the crypto trading house Valor warns of the high risks of Bitcoin investment. She emphasizes that such setbacks are nothing unusual in the historically volatile crypto market. Nevertheless, uncertainty could continue, especially given the current interest rate speculation. The likelihood of a Fed rate cut in December is seen as lower, putting further pressure on demand for cryptocurrencies.
Analysts see the trust of die-hard Bitcoin investors threatened. Any attempt at recovery is being sold off mercilessly, reflecting ongoing uncertainty. This dynamic could have long-term implications for the stability of the crypto market as investors become increasingly cautious.
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