Bitcoin slides further on Tuesday
Bitcoin fell nearly 3% below $90K, deepening a month-long selloff that has erased all its year-to-date gains and pushed it to its lowest level in six months.
The total crypto market capitalization has fallen at least 30% since hitting a record on October 6, extending losses from an early-October selloff that triggered over $19 billion in liquidations.
Key buyers, including ETFs, corporate treasuries, and long-term holders, have pulled back over the past month, while cooling tech stocks have dampened risk appetite.
Shrinking liquidity, institutional derisking, and broader macro pressures, including fading expectations of a December US rate cut, have weighed on Bitcoin and higher-beta assets.
Traders are now focused on Nvidia Corp.'s upcoming earnings report, a key barometer for tech and high-risk markets.
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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