Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Bitcoin Price Falls Below $85,000 Amid Market Selloff

Bitcoin Price Falls Below $85,000 Amid Market Selloff

Coinlive2025/12/02 20:42
By:Coinlive
Key Points:
  • Bitcoin drops under $85,000, impacting major cryptocurrencies.
  • 7% intra-day decline noted.
  • Market reflects broad selloff behavior.
Bitcoin Price Falls Below $85,000 Amid Market Selloff

Bitcoin’s value dropped below $85,000 amid a broad crypto market selloff, with significant movement seen across major tokens such as Ethereum and Solana.

The decline highlights ongoing market volatility, primarily driven by leveraged position liquidations, reflecting broader risk-off sentiment without official statements from key industry figures.

Bitcoin has experienced a dramatic fall in value, dropping below $85,000, as the broader cryptocurrency market faces a significant selloff.

The price decline marks a crucial trend that is affecting not only Bitcoin but also other major cryptocurrencies like Ethereum and Solana. This event reflects broader market sentiments driven by various uncertainties.

Market Impact and Reactions

The latest market update highlights Bitcoin’s fall below $85,000 continuing a broader crypto market decline. The price decline was approximately 7% intra-day, marking a significant market trend affecting other major cryptocurrencies such as Ethereum and Solana. No statements from Bitcoin core developers or major executives like CZ of Binance have been recorded regarding this drop. Additionally, on-chain data and official reports are minimal as the drop is still unfolding across the market.

Effects on Major Cryptocurrencies

This significant price movement affects individual investors and exchanges globally. Ethereum fell approximately 7% to below $2,800, while Solana similarly dropped by about 8%, indicating widespread negative sentiment among prominent cryptocurrency assets. Coupled with roughly $19 billion liquidated in leveraged bets, this movement dramatically affects market confidence. Historical trends show similar selloffs in previous years leading to sharp corrections in cryptocurrency valuations.

James Seyffart, Analyst, Bloomberg Intelligence, states, “The ongoing volatility is providing fresh momentum to a wide-ranging selloff.”

Regulatory Landscape and Future Speculations

No immediate responses from regulatory agencies have emerged to address this current trend. However, data analysis and market history suggest potential implications on market volatility and confidence as major analysts like James Seyffart focus on the volatility aspect. As the market corrects, speculation grows regarding future technological adaptations or regulatory adjustments. A continued selloff might prompt escalated oversight, with past events providing a backdrop for potential market behavior and stabilization efforts.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Hyperliquid’s Growing Influence in Crypto Trading: Enhancing Investor Access and Entry Methods in an Evolving Market

- Hyperliquid dominates 2025 crypto market with 73% DEX perpetual trading share via fee cuts, stablecoin integration, and institutional partnerships. - USDH stablecoin (backed by USD/Treasury) and HyperEVM infrastructure position it as "AWS of liquidity" for on-chain finance developers. - 78% user growth and 1.75M HYPE token unlock resilience highlight its scalability, though stablecoin regulations and market volatility pose risks.

Bitget-RWA2025/12/03 05:56
Hyperliquid’s Growing Influence in Crypto Trading: Enhancing Investor Access and Entry Methods in an Evolving Market

PENGU Token Price Rally: Examining Brief Upward Trends and Institutional Indicators Towards the End of 2025

- PENGU token surged past $0.0100 in late 2025, driven by Bitcoin's rebound and institutional inflows totaling $430,000. - Technical indicators show conflicting signals: overbought RSI (73.76) vs. positive MACD/OBV, with critical support at $0.009. - $66.6M team wallet outflows contrast with institutional accumulation, raising sustainability concerns despite short-term bullish momentum. - Macroeconomic factors like Fed policy and Bitcoin correlation amplify PENGU's volatility, complicating long-term price

Bitget-RWA2025/12/03 05:56
PENGU Token Price Rally: Examining Brief Upward Trends and Institutional Indicators Towards the End of 2025

LUNA Rises 1.13% Amid Progress on U.S. Lawmaker’s Stock Trading Ban

- LUNA rose 1.13% in 24 hours amid U.S. political pressure to ban congressional stock trading, despite an 82.66% annual decline. - Rep. Anna Paulina Luna advanced the bipartisan Restore Trust in Congress Act, which would prohibit lawmakers and families from trading individual stocks. - The bill faces bipartisan opposition over financial flexibility concerns but has 100+ supporters, including conservatives and progressives, seeking to close ethics loopholes. - Critics argue the 2012 STOCK Act lacks sufficie

Bitget-RWA2025/12/03 05:22
LUNA Rises 1.13% Amid Progress on U.S. Lawmaker’s Stock Trading Ban

BCH Rises 9.13% Over 24 Hours as Overall Market Trends Upward

- Bitcoin Cash (BCH) surged 9.13% in 24 hours, with 10.08% monthly and 37.01% annual gains, signaling sustained bullish momentum. - Analysts attribute the rise to BCH's utility in cross-border payments, low fees, and institutional interest as a Bitcoin layer-2 solution. - No immediate catalysts (regulatory shifts, partnerships) were identified, suggesting market sentiment and macro trends drive the rally. - Experts highlight BCH's structural strengths and active development, positioning it to outperform br

Bitget-RWA2025/12/03 05:22
BCH Rises 9.13% Over 24 Hours as Overall Market Trends Upward
© 2025 Bitget