Bitcoin tumbles in latest crypto shake-out
Bitcoin fell sharply on Monday as anxious traders triggered another wave of selling across digital assets.
The leading cryptocurrency slid as much as 8pc, dipping below $85,000, while other major tokens such as Ether also lost ground.
The broader crypto sector has been unsettled since a major crash in early October, when roughly $400bn (£300bn) was erased from the market in less than a day.
Analysts attributed the latest decline to waning investor confidence, a trend that has also weighed on technology shares. The Nasdaq opened 0.8pc lower on Monday before clawing back part of its losses.
Juan Perez of Monex USA noted that the current pessimism appears connected to mounting worries about growing market concentration and doubts…
