In early December, the price of Bitcoin fell below $86,000, a sobering signal for investors betting on continued growth.
During Asian trading on December 1, the world’s largest kriptovalyuta has lost about 5%, moving into the $85,000 range. This is a significant drop after the rally that saw Bitcoin reached the six-figure mark of $126,000.
Major altcoins followed the same trajectory: эфириум fell by about 6% to $2800, plunged into the red zone XRP, BNB, Solana, Cardano, Tron and other cryptocurrencies.
The decline was attributed to investors dumping risky assets, with cryptocurrencies leading the way.
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Investor caution has increased amid concerns that the Bank of Japan is ready to raise interest rates.
Typically, when the price of BTC falls, a new wave of buyers appears, but this time, analysts note “a meager inflow of funds into exchange-traded funds (ETF) based on Bitcoin and the lack of buyers during the downturn» as the key reason for the deterioration of the indicators.
Under these conditions, leveraged positions were quickly unwound, further reducing pressure and increasing panic.
The $80,000–$85,000 range has now become critical support. If this zone holds, Bitcoin may stabilize or even rebound in the coming weeks.
If macroeconomic uncertainty persists, such as unexpectedly rising rates or weak economic data, further fluctuations are expected. For experienced crypto traders, this opens up new opportunities. Newcomers are likely to become discouraged.