Bitcoin Plummets, Losing $750B
Update: 2025-12-01
Description
Bitcoin prices plummeted this week, dropping below eighty-five thousand dollars, marking a significant loss since its October peak. The cryptocurrency market, including stocks like Robinhood and Coinbase, experienced a widespread decline. Global economic developments, particularly interest rate hike hints from the Bank of Japan, and a broader trend of decreasing risk appetite are cited as causes. Despite the current slump, some experts predict a rebound next year, especially with potential Federal Reserve rate cuts.
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