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Bitcoin edged slightly higher on Tuesday, stabilizing after a sharp selloff at the start of December that dragged the world\u2019s largest cryptocurrency below the $84,000 mark.<\/p>\n\n\n\n
By 01:58 ET (06:58 GMT), Bitcoin was up 0.6% at $87,087.6<\/strong>, after dropping more than 7% on Monday<\/strong> and briefly trading under $84,000<\/strong>. The move came just days after the token had rebounded from levels near $80,000<\/strong> late last week, catching many traders off guard.<\/p>\n\n\n\n Monday\u2019s decline extended a downtrend that dominated November, when Bitcoin logged its worst monthly performance in more than four years<\/strong> and spot Bitcoin ETFs saw significant outflows<\/strong>.<\/p>\n\n\n\n The heavy selling has reinforced concerns that institutional demand remains fragile<\/strong>, with reports pointing to a rapid build-up of whale inflows to major exchanges<\/strong> and algorithmic selling<\/strong> helping accelerate the plunge.<\/p>\n\n\n\n While Tuesday\u2019s tepid bounce offered some short-term relief, it did little to dispel fears over broader market weakness. A CoinDesk<\/em> report suggested Bitcoin could retest the $60,000\u2013$65,000 range<\/strong> if selling pressure resumes.<\/p>\n\n\n\n The latest risk-off move reflects a mix of profit-taking<\/strong>, thin liquidity<\/strong>, and caution ahead of several macro triggers<\/strong> this month.<\/p>\n\n\n\n Markets now see nearly a 90% chance<\/strong> that the Federal Reserve will cut rates at next week\u2019s meeting<\/strong>, raising hopes for looser financial conditions. Still, uncertainty over the pace and depth of future easing<\/strong> continues to inject volatility into crypto markets.<\/p>\n\n\n\n Investors are also watching developments in Washington, where President Donald Trump<\/strong> is expected to choose a successor to Fed Chair Jerome Powell<\/strong> \u2014 a decision that could shape the medium-term path for U.S. monetary policy and, by extension, risk assets like Bitcoin.<\/p>\n\n\n\n Shares of Strategy Inc (NASDAQ:MSTR)<\/strong> fell sharply on Monday after the firm cut its full-year earnings guidance<\/strong>, warning that the deepening Bitcoin selloff and ongoing crypto volatility had significantly weakened its earnings outlook<\/strong>.<\/p>\n\n\n\n Other crypto-linked stocks also retreated:<\/p>\n\n\n\n Most major altcoins moved in tight ranges<\/strong> amid the cautious mood:<\/p>\n\n\n\n Among meme tokens, Dogecoin<\/strong> and $TRUMP<\/strong> both dipped around 0.6%<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin edged slightly higher on Tuesday, stabilizing after a sharp selloff at the start of December that dragged the world\u2019s largest cryptocurrency below the $84,000 mark. By 01:58 ET (06:58 GMT), Bitcoin was up 0.6% at $87,087.6, after dropping more than 7% on Monday and briefly trading under $84,000. The move came just days after …<\/p>\n","protected":false},"author":9,"featured_media":54500,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,6827,49,36],"tags":[],"class_list":["post-121336","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=121336"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121336\/revisions"}],"predecessor-version":[{"id":121337,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121336\/revisions\/121337"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/54500"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=121336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=121336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=121336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Steep December Drop Follows Brutal November<\/h3>\n\n\n\n
Macro Jitters and Fed Uncertainty Keep Volatility High<\/h3>\n\n\n\n
Strategy Inc Slashes Guidance as Crypto Slide Hits Earnings<\/h3>\n\n\n\n
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Altcoins Trade Mixed in Cautious Session<\/h3>\n\n\n\n
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