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Crypto on the market's 'naughty list'?
After finishing last month on a strong note and entering December on a high, markets stumbled Monday, tripped over by the sell-off in crypto. All three major U.S. indexes snapped their 5-day winning streaks as bitcoin, the world’s largest cryptocurrency, dropped around 6% to trade below $86,000, putting downward pressure on the stock market. It was bitcoin’s worst day since March. The digital currency late last month fell below $90,000 for the first time since April and has since struggled to stay above that mark. Even as odds for the Fed’s expected year-end Christmas gift of a rate cut rise, investors seem to ... (full story)
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