Based on RBC, Bitcoin (BTC) dropped below $87,000 on November 26, marking a 20% decline from the start of the month and a 31% drop from its October peak of $126,000. Experts interviewed by RBC-Crypto suggest that Bitcoin may continue to weaken due to macroeconomic pressures and potential regulatory actions affecting corporate holders like Michael Saylor’s Strategy. Analysts highlight the risk of Bitcoin being excluded from stock indices, which could trigger up to $9 billion in outflows. The market remains volatile, with institutional liquidity constraints and a lack of fundamental negativity contributing to the downward trend.
Bitcoin Falls Below $87K as Experts Predict Further Decline in December
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