Current Price: Bitcoin is currently trading at ≈ $91,858, and the price has slightly increased in the last 24 hours. Barron's+1
Sentiment and Demand: Recently, institutional-level investors ('whales') are accumulating BTC at a time when acceptance has increased compared to new supply. Coinpaper+1
Price Levels (Support / Resistance): Many analysts believe BTC may be stuck in the ₹80,000–96,000 (USD-equivalent) range. TechStock²+2Analytics Insight+2
Future Potential: If there is a good ETF flow and interest rate changes in the market, BTC could rise again to $110,000–$125,000 or higher. TechStock²+2Capital.com+2
Bitcoin's possible correlation with stock market watched
Crypto-negative factors add pressure on bitcoin, says Jefferies
Record outflows from US bitcoin ETFs in November, LSEG data shows
NEW YORK/LONDON, Dec 1 (Reuters) - $BTC slumped on Monday, with the world's largest cryptocurrency down about 6% and on track for its biggest daily percentage fall since early November, as risk aversion drove investors out of digital and other assets.
Bitcoin was last down 6% at $85,788 and earlier fell as much as 8% to $83,879.01.
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The day's move followed bitcoin's biggest monthly drop since mid-2021. Bitcoin shed more than $18,000 in November, as a record amount of money rushed out of the market, making this its largest dollar loss since May 2021, when a number of cryptocurrencies collapsed.Adding to bearish sentiment around bitcoin on Monday, Strategy (MSTR.O), opens new tab - the largest corporate holder of bitcoin - cut its earnings forecast for 2025, citing the weak run in bitcoin. Strategy's shares fell 3.3%.
If $BTC stabilizes around support and sentiment improves, we could see a bounce toward $100,000–$110,000. That could act as a base for further gains early in 2026.
On the flip side — if macro risks resurface or institutional outflows continue — a drop below support might lead to a test of $80,000–$85,000, with elevated risk until the market finds a new equilibrium.
For long-term investors, this volatility may offer buying opportunities especially if price dips near strong support zones.
If $BTC stabilizes around support and sentiment improves, we could see a bounce toward $100,000–$110,000. That could act as a base for further gains early in 2026.
On the flip side — if macro risks resurface or institutional outflows continue — a drop below support might lead to a test of $80,000–$85,000, with elevated risk until the market finds a new equilibrium.
For long-term investors, this volatility may offer buying opportunities especially if price dips near strong support zones.
If $BTC stabilizes around support and sentiment improves, we could see a bounce toward $100,000–$110,000. That could act as a base for further gains early in 2026.
On the flip side — if macro risks resurface or institutional outflows continue — a drop below support might lead to a test of $80,000–$85,000, with elevated risk until the market finds a new equilibrium.
For long-term investors, this volatility may offer buying opportunities especially if price dips near strong support zones.
If $BTC stabilizes around support and sentiment improves, we could see a bounce toward $100,000–$110,000. That could act as a base for further gains early in 2026.
On the flip side — if macro risks resurface or institutional outflows continue — a drop below support might lead to a test of $80,000–$85,000, with elevated risk until the market finds a new equilibrium.
For long-term investors, this volatility may offer buying opportunities especially if price dips near strong support zones.
If $BTC stabilizes around support and sentiment improves, we could see a bounce toward $100,000–$110,000. That could act as a base for further gains early in 2026.
On the flip side — if macro risks resurface or institutional outflows continue — a drop below support might lead to a test of $80,000–$85,000, with elevated risk until the market finds a new equilibrium.
For long-term investors, this volatility may offer buying opportunities especially if price dips near strong support zones.