Bitcoin hits multi-month lows as crypto, stocks witness heightened risk-off sentiment
- Bitcoin dropped below $80,000 on Monday, down 27% from its all-time high.
- The crypto and stock markets have seen over $6 trillion in combined losses in the past two months.
- The increased losses follow investors flipping from extreme greed, reflected by the Fear and Greed Index falling to 14.
Bitcoin fell to $78,000 on Monday, marking a 27% decline from its all-time high, as crypto and stocks stretched their combined market cap losses to $6 trillion. The selling pressure is largely due to a growing correlation between the asset classes and a shift in investor sentiment toward a risk-off strategy.
Crypto, stocks bleed as investor sentiment dips to record lows
The crypto market bled heavily on Monday, declining…
