Bitcoin fell nearly 2% to around $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.
