Bitcoin Price Crashes Below $86,000 As December Starts: Why BTC Is Down Today And How This Selloff Differs From 2022
Bitcoin fell about 6% to the mid-$85,000s on December 1, deepening a selloff that has erased over $1 trillion from crypto markets in six weeks. Around $400–600 million in leveraged positions were liquidated during a Sunday flash crash. Ether, Solana, and other major tokens dropped 5–8% as total crypto market value slid to $3.0–3.1 trillion.