Bitcoin has dropped to a minimum since November.

The price of Bitcoin falls to the lowest level since November

The price of Bitcoin has decreased to the lowest level since November due to a sell-off of risk assets triggered by rising bond yields.

According to Bloomberg, on January 13 the most popular cryptocurrency fell by 4.4% to $90,199. This is the lowest price since November 18 and significantly lower than the December peak of $108,316, reports Ekonomichna Pravda.

Other cryptocurrencies also suffered losses: Ethereum fell by 6.6%.

The strengthening labor market in the US has impacted the cryptocurrency market. Stronger employment data than expected made investors skeptical about a decrease in the Federal Reserve’s interest rates. This created unfavorable conditions for the crypto market at the beginning of 2025.

'The first days of the year have been difficult for the cryptocurrency market. Last week's previous gains were dangerous and triggered a new wave of sell-offs,' commented FxPro's chief analyst Alex Kupcikievich on the situation.

Senior analyst at InTouch Capital Markets Piotr Matis noted that the next critical level for Bitcoin could be $88,000, and further declines could bring the price down to $74,000.