Bitcoin holds near six-month low

Bitcoin hovered around $95K, holding most of last week's losses to remain near its lowest level since early May as broad risk-off sentiment weighed on global markets.

The cryptocurrency has wiped out more than 30% of the gains it posted earlier this year, as the early-year optimism driven by the Trump administration’s pro-crypto stance fades.

Investor confidence was shaken after Trump’s tariff announcements triggered sharp market liquidations in October, leaving Bitcoin and the wider crypto market struggling to recover.

The selloff left a lasting impact on sentiment, holding institutional buyers back and removing the flow-driven support that had fueled gains earlier this year.

The pullback has been compounded by a cooling in high-flying technology stocks, which dampened overall risk appetite, while smaller, less liquid tokens have suffered even steeper losses.