Bitcoin Price Tumbles as Cryptocurrencies Come Under Pressure Again; Strategy Stock Plunges
Key Takeaways
- Bitcoin and other cryptocurrencies are losing ground Monday, while stocks related to the industry are also slumping.
- Bitcoin fell sharply in November, as uncertainty in the markets led some investors to shed riskier assets such as cryptocurrencies.
Cryptocurrencies tumbled Monday morning as risk-averse sentiment returned to financial markets.
Bitcoin (BTCUSD), the largest cryptocurrency by market capitalization, was trading at $84,200 recently, down from a weekend high of around $91,000. Other digital assets, including ether and solana, were also down sharply.
Crypto-related stocks also retreated, with shares of trading platform operators Coinbase (COIN) and Robinhood (HOOD) each dropping more than 6%, making them…
