Crypto on the market’s ‘naughty list’?
A television broadcasts crypto market news at the Nasdaq MarketSite in New York, US, on Thursday, Nov. 20, 2025.
Michael Nagle | Bloomberg | Getty Images
After finishing last month on a strong note and entering December on a high, markets stumbled Monday, tripped over by the sell-off in crypto.
All three major U.S. indexes snapped their 5-day winning streaks as bitcoin, the world’s largest cryptocurrency, dropped around 6% to trade below $86,000, putting downward pressure on the stock market.
It was bitcoin’s worst day since March. The digital currency late last month fell below $90,000 for the first time since April and has since struggled to stay above that mark.
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