Bitcoin fell sharply overnight, slipping more than 6% below the $86,000 level as investors adopted a cautious stance at the start of the final month of the year. Ether also retreated, dropping over 7% to around $2,800.
“It’s a risk-off start to December,” Sean McNulty, a trader at FalconX, told Bloomberg. “The biggest concern is the meagre inflows into Bitcoin exchange-traded funds and the absence of dip buyers.
We expect the structural headwinds to continue this month. We are watching $80,000 on Bitcoin as the next key support level.”
The sell-off underscores lingering unease in crypto markets, where subdued ETF demand and tightening liquidity conditions continue to shape sentiment.
