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Crypto Market Stumbles: Bitcoin Hits Two-Month Low
Bearish Signals Mount for Bitcoin After Key Support Breach
Bitcoin’s Rough Start to 2025: Bond Yields and Bearish Patterns Take Toll
From Peaks to Lows: Bitcoin Faces Technical and Market Pressure
Bitcoin Slips to Two-Month Low Amid Rising Bond Yields
(Bloomberg) — Bitcoin (BTC-USD) fell to its lowest level in nearly two months as a surge in bond yields led investors to shy away from riskier assets.
The leading cryptocurrency dropped as much as 4.4% to $90,199 on Monday, its weakest level since Nov. 18, and far below the December high of $108,316. Other major crypto assets were also hit hard, with Ether down 6.6% as of 7:50 a.m. in New York.
Friday’s stronger-than-expected U.S. jobs report dampened expectations for further Federal Reserve interest rate cuts in the near term, adding to an already turbulent start to 2025.
“The crypto market has faced a rocky start to the year,” said Alex Kuptsikevich, chief market analyst at FxPro. “The lack of follow-through on last week’s momentum has only fueled selling pressure.”
A potential “head and shoulders” chart pattern may now be forming for Bitcoin, signaling a possible trend reversal from bullish to bearish, according to Piotr Matys, senior FX analyst at InTouch Capital Markets. The breach of $91,600—considered a key support level—has created a “strong technical bearish signal for Bitcoin,” Matys added.
Bitcoin could test the $88,000 level next if bearish momentum persists, Kuptsikevich said, with a rapid decline to $74,000 also a possibility.
Last year, Bitcoin hit a record high, buoyed by the launch of U.S. exchange-traded funds tied directly to the cryptocurrency and President-elect Donald Trump’s vocal support for digital assets. However, that optimism has faded in 2025, as investors await clarity after Trump’s Jan. 20 inauguration.
