Bitcoin’s $1T Rout Exposes Fragile Market Structure, Deutsche Bank Says

Deutsche Bank (DB) said bitcoin’s (BTC) slide to about $80,000 on Nov. 21, roughly 35% below its early-October peak, shows how quickly macroeconomic pressures and fragile market structure can erase crypto gains, wiping out nearly $1 trillion in value before the token bounced back toward $87,000. The world's largest cryptocurrency was priced around $86,000 at publication time. The bank attributed the drop to a mix of risk-off sentiment, higher-for-longer interest-rate expectations, fading regulatory momen ...