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Bitcoin Plunges to Below $87,000 in Risk-Off Start to December
Cryptocurrencies fell sharply on Monday, bringing fresh momentum to a wide-ranging selloff that appeared to have settled. Bitcoin slid as much as 5.1% to below $87,000 in early Asia trading, while Ether dropped more than 6% to below $2,900, according to data compiled by Bloomberg. Most tokens followed a similar pattern, with Solana falling more than 7%. The crypto market is on shaky ground after a weeks-long selloff that began when some $19 billion in levered bets were wiped out in early October, just days after Bitcoin set an all-time high of $126,251. The original cryptocurrency shed 16.7% of its value in November, ... (full story)
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