Bitcoin drops below $88,000 as risk-off sentiment resurfaces

Bitcoin dropped below $88,000, erasing $19 billion in leveraged bets as global risk-off sentiment resurfaces.

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Bitcoin drops below $88,000 as risk-off sentiment resurfaces

Bitcoin drops below $88,000 as risk-off sentiment resurfaces
Bitcoin fell below $88,000 today, erasing $19 billion in leveraged positions from November’s rally. Ethereum also dropped 2.5% to $3,150 as risk-off sentiment hit crypto markets post-Thanksgiving. Traders are cautious amid rising global volatility, further pressuring digital assets in the first week of December.
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  • Bitcoin
  • cryptocurrency