Cryptocurrencies entered another month of decline, as Bitcoin fell more than 5% in European trading on Monday morning, falling below 75,000 euros.
After reaching a record of around 110,000 euros in early October, Bitcoin began a significant and prolonged decline, while the market saw significant liquidations and selling.
And in November, Bitcoin lost over 16% of its value, falling at one point towards 74,000 euros, reports Telegraph.
Other major cryptocurrencies also lost significant value on Monday, with Ethereum and Solana falling by over 5%, continuing the downward trend seen in October.
Bitcoin showed brief signs of stabilization last month, although the recoveries proved short-lived and prices have since begun to fall again.
According to foreign media, the world's largest cryptocurrency has seen a decline due to a mix of global market uncertainty and "fading appetite" of investors, as traders dumped riskier assets following weaker economic signals and fading hopes for early rate cuts from central banks such as the US Federal Reserve and the Bank of England. /Telegrafi/
