Bitcoin has stabilized near $90,000 following its most significant drop since the U.S. election period, reflecting heightened volatility in the cryptocurrency market. The dramatic decline, triggered by a wave of profit-taking and regulatory concerns, erased significant gains accumulated over the past weeks.
Market analysts highlight that Bitcoin’s price correction comes amid increased scrutiny from regulators and cautious sentiment among institutional investors. Despite the drop, many investors remain optimistic about Bitcoin’s long-term trajectory, citing its appeal as a hedge against inflation and the continued interest from major financial institutions.
