Bitcoin retraced some of its losses on Tuesday, just one day after a steep drawdown. But the token could plunge even deeper into the red if crypto winter sets in. The largest cryptocurrency by market capitalization was last trading at $91,765.96, up 7.4% on the day. But on Monday, bitcoin had shed about 20% from its November high, briefly dipping below the critical $85,000 level at its lowest point. BTC.CM= 1M mountain 2025-12-01 Bitcoin has fallen steeply over the past month. The asset's recent price action suggests the crypto bull run has turned bearish, according to analysts. A bear market, however, won't likely run its course until bitcoin sees an 80% drawdown if previous market cycles serve as any indication, according to Kyle Rodda, senior market analyst at Capital.com. "Crypto winte
Bitcoin rebounds after drawdown hits 20%. Is the crypto winter over or just starting?
CNBC Stock Market2 hrs ago
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