14.11.202514:07:06UTC+00Bitcoin Tumbles to 6-Month Low

Bitcoin experienced a decline of nearly 5%, settling at approximately $95,000 as of Friday. This marks the fourth consecutive session of losses, bringing Bitcoin to its lowest point since early May. This downward trend can be attributed to a widespread shift away from risk across global markets, fueled by ongoing concerns surrounding inflated AI valuations, a lack of significant US economic data, and statements from various Federal Reserve officials casting doubt on the necessity of another interest rate cut in December. Bitcoin has now fallen over 20% from its peak of $114,000 achieved last month. Cryptocurrencies remain under pressure to rebound from October's flash crash, which led to unprecedented liquidations and a broad market deleveraging, underscoring a persistent aversion to risk. Additionally, new reports suggest impending Japanese regulations that may impact cryptocurrency treasury firms, further intensifying market pressures.