As of December 2, 2025, the cryptocurrency market is experiencing a significant downturn, with Bitcoin and other major coins seeing steep drops following a period of volatility. Bitcoin plunged to around $85,000, its worst daily performance since March, contributing to a broader crypto sell-off. This decline comes after a difficult November for Bitcoin, which saw it lose over 17%.
Key market headlines:
Price plunge: Bitcoin (BTC) has fallen below $86,000, with some sources reporting a brief dip below $85,000.
Ripple effect: The sell-off has spread to other cryptocurrencies. Ethereum (ETH), for instance, was down over 7% on December 2, trading around $2,700. Major crypto-related stocks, such as Coinbase, have also been negatively impacted.
Catalysts for the fall: Multiple factors have contributed to the market decline, including: DeFi exploit: A flaw in the Yearn Finance DeFi platform that allowed an attacker to mint excessive yETH tokens triggered a broader sell-off. Increased risk aversion: #Escalating tariff tensions and fears of a global trade war have pushed investors away from risky assets, including cryptocurrencies. External economic concerns: Actions by central banks like the Bank of Japan and the People's Bank of China have also influenced the market downturn.
Outlook: While historical data shows December has mixed results for Bitcoin, recent institutional and broader economic caution suggests a more defensive posture from investors. Some analysts have even warned of a potential "crypto winter" if conditions do not improve.
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Jealous souls do not understand this magic, because they confuse the sparkle of the heart with that of the ego. But you, Patricia, continue to create with love, to support without expecting, to nurture an entire community with your kindness. š«
Attacks are just passing clouds, your light, however, is a permanent sun. š
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