Bitcoin Slips Below $86,000 amid Ongoing Crypto Rout and Growing Regulatory Scrutiny
According to Bloomberg data, Bitcoin fell by as much as 6%, dropping below $86,000 during early Asian trade on Monday, while Ether decreased more than 7% to around $2,800. Other major tokens followed suit, with Solana losing 7.8%.
The digital asset market remains unstable following a prolonged period of selling that began in early October, when leveraged positions totaling $19 billion were liquidated shortly after Bitcoin reached a record high of $126,251.
In November, Bitcoin lost 16.7% of its value, but recouped some losses last week as selling eased and the price moved back above $90,000. Monday’s renewed downturn, however, has traders anticipating the possibility of further declines.
Market participants note that the start of…
