@pipeprotocol.base.eth
Bitcoin is facing sharp volatility as November ends, dropping more than 25 percent and marking its worst month since 2018. After falling below 100,000 dollars, the price is now hovering near 88,000.
The decline is driven by cooling AI sentiment, weaker tech markets, and softer US economic data, with major long positions liquidated along the way.
Even so, institutional interest remains strong. BlackRock’s new Bitcoin ETF in Australia shows continued demand, while the Lightning Network gains academic validation for its security.
Bitcoin is under pressure, but its core fundamentals keep improving. The market is now watching for the next major move.
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