Bitcoin, Ethereum fall sharply as crypto sell-off resumes
Bitcoin And Ethereum It fell on Monday as the recent sell-off in cryptocurrencies resumed.
Bitcoin It fell sharply and was last seen at around $86,273.68 at around 7:30 a.m. in London on Monday, down about 5.5%. Ethereum It fell more than 6.5% in early trading to $2,831.95.
solana It is down almost 7.7% and was last seen at $126.75. Other closely watched tokens were also in the red. dogecoinIt lost 8.4%.
BTC.
In Asia, a statement by the People’s Bank of China on Saturday warning of illegal activities related to digital currencies increased pressure on shares of digital asset-related companies listed in Hong Kong, which fell in Monday’s session.
The new decline in digital assets reflects a broader risk-off sentiment at the beginning of the new month.
While macroeconomic concerns, including uncertainty over a possible US interest rate cut, continue to weigh on investors’ minds, troubling doubts about overheated valuations in AI-related names contributed to November’s bumpy markets as crypto volatility rose.
