Bitcoin and Ethereum It fell sharply on Monday as the recent slide in cryptocurrencies resumed.
Bitcoin It fell sharply, and was last seen at around $86,805 as of 9:45 a.m. ET in London, down more than 4.5%. Ethereum Shares fell about 6.1% in early trading to $2,844.
Solana While it fell more than 7% and was last seen around $127, other notable tokens were also in the red, including: dogecoindown about 8.2%.
Bitcoin.
In Asia, the People’s Bank of China issued a statement on Saturday warning of illegal activities related to digital currencies, increasing pressure on Hong Kong-listed stocks of digital asset-related companies, but stocks fell during trading on Monday.
A fresh decline in digital assets coincides with widespread risk-off sentiment at the beginning of the new month.
Macroeconomic concerns, including uncertainty over a potential U.S. interest rate cut, continue to weigh on investors’ minds, while deep-seated doubts about overheated valuations in artificial intelligence stocks contributed to a volatile November market in cryptocurrencies.
