Bitcoin Nears $90,400 as Europe Leads Deepest Selloff Since 2018 Amid Fragile Crypto Sentiment
As of December 9, 2025, Bitcoin (BTC) traded near $90,400 following a volatile November marked by the deepest sell-off driven by European trading hours since 2018, according to timezone data from Presto Research. Europe was the primary driver of November’s 20–25% drawdowns for BTC and Ethereum (ETH), while Asian and U.S. sessions remained largely flat.
In the past 24 hours, BTC rose about 1%, ETH advanced approximately 0.2%, Binance Coin (BNB) gained around 1%, Solana (SOL) declined 0.6%, and XRP edged lower. Despite these modest gains, crypto market sentiment remains fragile, with the CryptoQuant Bull Score falling to zero for the first time since January 2022. Most Bitcoin on-chain indicators are bearish amid a lack of fresh liquidity.
Adding a notable development, Strategy disclosed its largest Bitcoin purchase in over three months, acquiring 10,624 BTC for $963 million. This increase brings its holdings to about 660,600 BTC. Shares of Strategy traded near $180 but remain down about 50% over six months as investors assess the risk of removal from MSCI indices.
Macro constraints continue to weigh on markets: Asian equities slipped ahead of the Federal Reserve’s rate decision, and global bond yields remain elevated. Looking ahead, potential catalysts could include early 2026 changes to U.S. 401(k) rules, which might open trillions in retirement savings to Bitcoin exposure.
Bitcoin currently trades near $90,300, with market participants watching closely to see whether it can challenge the $94,000–$98,000 range or if European trading pressure will continue as year-end positioning tightens.
