Bitcoin Drops Below $75,000 as Crypto Market Slides to Three-Month Low

Bitcoin dropped below $75,000 overnight into Monday and traded at about $74,800, its lowest level since August. Last Wednesday the largest cryptocurrency had jumped back above $80,000.

Ethereum and XRP took a bigger hit than Bitcoin, each losing more than 5 percent in 24 hours. Over the week, Hyperliquid and XRP fell hardest, down nearly 15 percent and more than 13 percent respectively.

“crypto prices stage V-shaped recoveries after a lingering and drawn out decline, and we expect this to again be the case in this current drawdown”

Bitcoin is now more than 40 percent below its record high of about $126,000 reached in October 2025 and down about 15 percent since the start of the year. Tron was the only major coin up on the week.

The biggest pressure came from U.S. Bitcoin ETFs. Investors pulled a net $1.28 billion from spot funds last week, the most since late June, according to Farside Investors. BlackRock’s IBIT alone saw outflows of about $1.21 billion, wiping out all net inflows for 2026.

Leverage added to the pain as more than $1 billion worth of positions were liquidated. Crypto-linked stocks also fell, with Cipher Digital down 4 percent and Strategy down 3 percent.

Bitmine, an Ethereum treasury company, disclosed on November 9 that its Ethereum holdings reached 6.07 million tokens, with total crypto plus cash and marketable securities of $14.3 billion. Its chairman said crypto prices stage V-shaped recoveries after drawn-out declines.