Bitcoin Stays Under Pressure After Recent Selloff — Market Talk
Bitcoin remains under pressure after the cryptocurrency hit a seven-month low on Friday. The selloff reflects a combination of broader risk aversion and recent comments from Federal Reserve officials raising doubts over another interest-rate cut in December, Deutsche Bank analysts say in a note. It also reflects stalled regulatory momentum, institutional outflows, thinning liquidity and profit-taking by long-term holders, they say. "While volatility remains inherent, these conditions indicate bitcoin's portfolio integration is being tested, and raises questions of whether this is a temporary correction or a more prolonged adjustment." Bitcoin falls 1.2% to $86,991, having reached a low of $80,553 Friday, LSEG data show. ([email protected])