Bitcoin plunges sharply! Cryptocurrency drops below $86,000; weak demand, global risks hit sentiment

Bitcoin fell sharply on Monday, slipping below $86,000 in early Asian trade as renewed selling hit the cryptocurrency market at the start of December.

The world’s largest digital asset dropped by 6%. Ether also declined more than 7% to around $2,800, while other major tokens, including Solana also registered steep losses. Traders said that the broader slump signals a fresh risk-off mood among investors, according to a report by Bloomberg.