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no one’s talking about this… bitcoin crashes below $85,000 dragging the entire crypto market down 33% from its peak! 📉
lmfao the crypto market be like: “we’re going to the moon” then drops to the depths of hell, take a shot every time
Bitcoin and crypto-related companies faced a sell-off, with Bitcoin dropping 5.6% to $86,000. It’s down 33% from its Oct. peak. Companies like Coinbase and Robinhood saw losses, with Bitcoin mining firm Riot Platforms falling 4%. Strategy, a major crypto treasury company, dropped 3.3%. US Bitcoin, linked to Trump’s sons, fell 15.6%. Trump-related crypto projects also declined. Investors withdrew $3.6 billion from Bitcoin spot ETFs in Nov., while Bitcoin futures fell 24% last month. Analysts attribute the selloff to various factors, including risk aversion, institutional selling, and regulatory uncertainties.
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