The value of Bitcoin, the largest cryptocurrency, experienced a significant drop on Monday. According to Bloomberg, Bitcoin’s price fell by over 4%, settling at approximately $91,000 (around €89,000). This marks its lowest level since November 18, 2024.

Other cryptocurrencies also saw notable declines. Ethereum, the second-largest digital currency, dropped 6.6%, trading just below $3,050.

The downturn appears to be linked to shifting investor expectations regarding interest rate cuts in the United States. Lower interest rates generally benefit investments, as they encourage individuals to allocate funds to assets like cryptocurrencies. However, with fewer anticipated rate reductions, investor sentiment has dampened.

This latest decline follows a period of unprecedented gains in October, November, and early December. During that time, Bitcoin’s value surged from $60,000 to a record high of $108,000. The rally was partially fueled by the election victory of incoming U.S. President Donald Trump, who has expressed strong support for digital currencies. His stance boosted investor confidence, but some of those gains have now evaporated.

Despite the recent losses, Bitcoin’s value remains relatively high. Until October of last year, the cryptocurrency had never exceeded $75,000, highlighting its substantial long-term growth even after the current dip.