Bitcoin fell below $87,000, triggering renewed volatility in December
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Bitcoin dropped below $87,000 on Monday, the steepest decline in weeks and an indicator of a renewed wave of volatility as a December selloff impacts the broader crypto market. The decline wiped out last week’s advances and was part of a broader decline in other major digital assets. The drop occurred in early Asian trading, where Bitcoin briefly dipped near its intraday lows of $86,125. The sell-off of the early Asian session led to liquidations exceeding $400 million in leveraged crypto futures, resulting in a roughly 4% decline in global digital asset market value to around $3 trillion. This suggests many traders had bet on a price rebound and were caught off guard by the sudden downturn. Major tokens slide as November’s steep losses deepen market fragility According to CoinMarketCap, Ether dipped more than 6% to below $2,900. It is worth noting that most tokens followed a similar pattern, with Solana experiencing a decline of almost 7%. The latest drop follows a punishing November as Bitcoin ended the month with a 18% decline, its worst performance since March. This is despite the leading crypto rebounding from almost $80,000 to above $90,000. Ether was not spared as it fared even worse, sinking 22% for its steepest monthly loss since February. The market remains fragile after roughly $19 billion in leveraged positions were wiped out in early October, just days after Bitcoin reached a record high of $126,251. Bitcoin fell in November and then briefly stabilized last week, returning to above $90,000. The last wave of sellers has traders getting ready for further declines. “It’s a risk off start to December,” noted Sean McNulty, APAC derivatives trading lead at FalconX. “The biggest concern is the meagre inflows into Bitcoin exchange traded funds and absence of dip buyers. We expect the structural headwinds…
Filed under: News - @ December 1, 2025 4:29 am