Bitcoin dropped more than 4% to around $86,000, moving back toward its lowest level since April, pressured by a renewed market selloff. The crypto market remains unsettled after weeks of selling pressure that began in early October, when roughly $19 billion in leveraged positions were liquidated, just days after Bitcoin hit an all-time high of $126,251. The fresh decline coincided with comments from Strategy Inc.’s CEO, Phong Le, who said the company could sell some Bitcoin if needed to cover dividends, while an alert from Yearn’s X highlighted an issue in the yETH liquidity pool, adding to market concerns. Bitcoin has now lost 16.7% of its value in November, though easing selling pressure helped it recover last week, supported by expectations of a more aggressive US Federal Reserve rate-cutting cycle. Markets now assign roughly an 85% probability to a 25 bps cut in December, up sharply from about 30% a week ago, with three additional cuts expected by the end of 2026.
