17.11.202504:02:08UTC+00Bitcoin Holds Near Six-Month Low

Bitcoin remained steady around $95,000, maintaining most of last week's declines to stay near its lowest point since early May, as a widespread risk-averse sentiment adversely affected global markets. The cryptocurrency has lost over 30% of the gains it achieved earlier this year. This decline follows the diminishing optimism that prevailed early in the year, which was initially spurred by the pro-crypto stance of the Trump administration. Investor confidence took a hit after President Trump announced new tariffs, resulting in significant market sell-offs in October. This turmoil left Bitcoin and the broader crypto market with challenges in recovery. The sell-off had a lasting negative impact on market sentiment, deterring institutional buyers and eliminating the flow-driven support that had previously bolstered gains earlier this year. This downturn has been exacerbated by a slowdown in high-performing technology stocks, which weakened overall risk appetite, while smaller, less liquid tokens have experienced even greater losses.