Bitcoin witnessed a sharp decline below the $84,000 mark on Monday, triggered by a sell-off in Asian markets. This drop resulted in nearly $140 billion being wiped off the cryptocurrency market and has raised questions about whether Bitcoin can end 2025 on a positive note. The largest cryptocurrency lost as much as $83,814 before rebounding slightly. The losses were largely driven by the sell-off following Wall Street traders’ return from Thanksgiving break, which encountered heightened pressure in the crypto market. Over $600 million worth of leveraged positions were liquidated within 24 hours, according to CoinGlass data, with approximately $400 million lost within a single hour during the Asian session.