Bitcoin Price Freefalls Down to $91,0000 and New Lows
Bitcoin tumbled to a six-month low near $91,000 due to Federal Reserve uncertainty and institutional outflows.Summary
The Bitcoin price has fallen sharply to its lowest level in six months, trading around the $91,000s, a significant drop from its October high near $126,000. This roughly 30% decline is attributed to renewed uncertainty regarding the Federal Reserve's December interest rate decision, with officials like Jerome Powell and Susan Collins signaling a cautious, potentially non-cutting stance. Market sentiment has also been negatively impacted by large institutional outflows from crypto ETFs and the fading excitement over Donald Trump's previously pro-crypto agenda following his proposed tariffs on Chinese imports. Technical indicators show a bearish "death cross," though some analysts suggest this pattern has historically preceded market bottoms. Concurrently, crypto-linked stocks like Coinbase, MicroStrategy (MSTR), MARA, and Riot Platforms are experiencing significant losses. MicroStrategy recently acquired 8,178 BTC at an average price of $102,171, funded partly by issuing preferred stock, increasing its total holdings to 649,870 BTC.
(Source：Bitcoin Magazine)