📉 Bitcoin$BTC Price Update and Market Sentiment
1. Current Price Trend
Significant Decline: Bitcoin has experienced a sharp and brutal decline since hitting a record high of approximately $BTC $126,000 in early October 2025. The price has plummeted by around 30-33% from that peak, with the total crypto market shedding over $1 trillion in value in the last six weeks.
Recent Trading Range: Bitcoin has been recently trading around the $80,000 to $90,000 range, hitting its lowest levels since April.
2. Macroeconomic and Fundamental Drivers
The primary factors driving this significant correction are tied to broader financial market concerns:
Fading Rate Cut Hopes: Renewed hawkish (tighter) commentary from the US Federal Reserve (Fed) has significantly reduced expectations for an imminent interest rate cut. Higher rates increase the opportunity cost of holding non-yielding assets like Bitcoin, pushing investors towards safer options.
Tech Bubble Fears: Mounting concerns about an overvalued "AI bubble" in the stock market have led to a broad "risk-off" sentiment, which disproportionately impacts riskier assets like cryptocurrencies and tech stocks.$BTC
ETF Outflows: Bitcoin Exchange-Traded Products (ETPs)/ETFs have seen substantial outflows, with nearly $3 billion in net selling this month, indicating that institutional money is pulling back. #BTCRebound90kNext? #USJobsData #WriteToEarnUpgrade #ProjectCrypto #US-EUTradeAgreement
