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Possible ‘Crypto Winter’ Chills Investors as Bitcoin Continues Fall

Crypto News

The winter season starts this month, but bitcoin investors are worried it could be joined by a “crypto winter.”

The ongoing downturn in the cryptocurrency market is worsening, The Wall Street Journal reported Monday (Dec. 1). Bitcoin, the most popular crypto token, fell more than 6% Monday, its biggest one-day drop since March. It’s part of an ongoing downturn weeks after the coin hit a record high.

The selloff has affected other forms of crypto and hurt stocks tied to the digital asset sector, such as Coinbase and Strategy, the report said.

Patrick Horsman, chief investment officer at crypto treasury company BNB Plus, said investors are scaling back their risk exposure amid pessimism about the market and the economy, according…

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