As reported by DL News, Bitcoin’s price fell to around $82,000 on November 22, extending a month-long sell-off that has wiped over $1.4 trillion from the crypto market. Bitwise’s European head of research, André Dragosch, described the current price as a 'fire sale' and a potential buying opportunity. He noted that Bitcoin could continue to decline until a bullish catalyst emerges, with key support levels between $81,000 and $73,000. The drop is attributed to Fed uncertainty, AI market concerns, and crypto-specific pessimism. Investors withdrew $548 million from Bitcoin ETFs on Thursday, adding to November’s $3.7 billion in outflows. Dragosch expects the bull cycle to continue into 2026 due to global monetary easing.
Bitcoin Price Tumbles to $82,000 Amid Market Sell-Off, Bitwise Calls It a 'Fire Sale'
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