Bitcoin Slides More Than 5% As Crypto Selloff Resumes
Topline
The price of Bitcoin fell more than 5% in early trading on Monday, as the world’s most valuable cryptocurrency led a selloff in digital tokens, reversing the recovery it mounted last week after its worst month since the 2021 crypto crash.
Bitcoin’s price dropped below $86,000 again early on Monday.
AFP via Getty Images
Key Facts
Early on Monday, Bitcoin’s price briefly dropped below $86,000, before recovering to $86,756—down 5.05% in the past 24 hours.
Ether, the world’s second most valuable cryptocurrency by market cap, fell 5.56% to $2,840, while other major tokens like XRP, Binance’s BNB and Solana’s Sol slumped 5.6%, 6.6% and 6.1% respectively.
Monday’s selloff pushed the global cryptocurrency market cap below $3…
