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.
UCapital Asset Management LLP or group companies may have commercial relationships with the companies mentioned. This content is not financial advice.
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