Bitcoin Crashes Below $88,000: ETF Outflows, Liquidity Squeeze and DeFi Hack Darken December Outlook
Bitcoin is starting December on the back foot, extending a brutal November slide that has wiped out all of its 2025 gains and knocked the world’s largest cryptocurrency roughly 30% below its October record.NerdWallet+2CBS News+2 In early Asian trading on December 1, bitcoin fell as much as 4.3% to below $88,000, while ether dropped about 6% under $2,900, in a broad crypto selloff.Bloomberg Spot prices have since hovered near $87,000, with intraday ranges between about $87,000 and $90,000 according to major exchanges and data providers.Investing.com+1 At the same time, a fresh exploit of Yearn Finance’s yETH product, heavy outflows from