Bitcoin experienced a significant decline on Monday, December 1, 2025, falling below the $90,000 mark. This marked the cryptocurrency's largest single-day drop since early November, as global markets saw a resurgence of risk aversion. The leading cryptocurrency depreciated by 5% to $86,627, continuing a concerning trend that saw Bitcoin lose over $18,000 throughout November. This represents its steepest monthly decline since the major crypto crash in May 2021.
As of 11:08 AM UTC, Bitcoin was trading at $86,512.21, down $4,806.63, or 5.26%, from its previous close of $90,379.84. The trading volume over a 24-hour period reached $63.7 billion across 12,489 active markets.
Crypto Market Suffers Significant Losses as Bitcoin Nears Multi-Month Lows
The cryptocurrency's decline in November was its largest dollar loss since May 2021, a period characterized by a market-wide crash affecting multiple digital currencies. Bitcoin is now approaching its eight-month low of $80,553, which it reached last month, having shed more than $18,000 in value during November.
This downturn led to substantial liquidations across the crypto market, with over $637 million in positions being wiped out as investors divested from risk assets. European stocks also saw declines in early trading, and U.S. futures indicated drops of 0.6-0.7% for major indices. Safe-haven assets like gold and the Swiss franc experienced gains.
The broader cryptocurrency market has been significantly impacted, with the total sector valuation shrinking by over $1 trillion from its record peak of approximately $4.3 trillion, according to CoinGecko data. Ethereum, the second-largest cryptocurrency, fell 6% to $2,840 and experienced a 22% loss in November, its worst monthly performance since a 32% slide in February.
U.S.-listed spot bitcoin exchange-traded funds recorded outflows totaling $3.43 billion in November, according to LSEG data. Despite these outflows, these products have collectively attracted a net inflow of $21 billion year-to-date.
Analysts Express Concern Over Bitcoin's Correlation with Stocks
Analysts observing the market have highlighted Bitcoin's strong correlation with traditional stock markets as a growing concern. XTB research director Kathleen Brooks stated that Bitcoin is currently acting as a leading indicator for overall risk sentiment. This suggests that its ongoing slide may have negative implications for equities as they head into December.
The significant decrease in market volatility observed last week, with the VIX falling below its 12-month average, may have exacerbated concerns among investors already apprehensive about the uncertain year-end outlook. Bitcoin's 52-week trading range is currently between $74,436.68 and $126,198.07, with its market capitalization at $1.72 trillion.
Historical data regarding December performance offers mixed signals. Since its inception in 2012, Bitcoin has averaged gains of approximately 9.7% in December, making it the third-best performing month historically, following October's average gain of 16.6%. However, given Bitcoin's relatively short trading history and its current correlation with broader risk assets, analysts believe that recent market dynamics may be more influential than historical seasonal patterns.
The circulating supply of Bitcoin is currently 19.96 million coins, with a maximum supply capped at 21 million coins. New Bitcoins continue to be generated by miners through the mining process.