Bitcoin is stumbling again. Why the crypto is faltering as December kicks off.
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Bitcoin’s sell-off resumed on Monday, extending a sell-off that’s dragged the crypto deeper into a bear market.
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Bitcoin and tech stocks were moving lower in tandem as risk sentiment soured.
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The crypto is being hurt by liquidity concerns and worries about selling among big corporate holders.
The last month of the year is kicking off with more selling in bitcoin.
December opened up with bitcoin falling deeper into its bear market, with the price of the token trading as low as $85,461 on Monday. That puts bitcoin around 32% down from its all-time high in early October, when the crypto hit a peak of around $126,200.
Ethereum also plunged again, down 7% to trade around $2,800.
It’s an unusual trend for bitcoin, which…
