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Bitcoin Tumbles: Crypto Faces Steep Decline
2 Dec
Summary
- Bitcoin experienced a significant drop of about 6% on Monday.
- The cryptocurrency saw its largest monthly loss since mid-2021 in November.
- Strategy, a major corporate bitcoin holder, lowered its 2025 earnings forecast.

Bitcoin experienced a significant downturn, falling approximately 6% on Monday and marking its steepest daily percentage decline since early November. This slump follows a challenging November, during which Bitcoin registered its largest monthly loss since mid-2021, shedding over $18,000 in value. The cryptocurrency's performance in November was its worst dollar loss since May 2021, a period marked by widespread collapses in the digital asset market.
Further dampening sentiment, Strategy, identified as the largest corporate holder of Bitcoin, revised its 2025 earnings forecast downward, citing the sustained weakness in the cryptocurrency. This news contributed to a 3.3% fall in Strategy's shares. Concurrently, Ether, the second-largest cryptocurrency, also experienced a substantial decline, losing 8.8% on Monday and experiencing its most significant monthly percentage drop since February.




