BTC Continues Losing Ground as Risk-Off Sentiment Persists
Bitcoin and crypto-related shares extended their nearly two-month slide on Dec. 1, mirroring a broader retreat in tech shares that many investors argue have climbed too far, too fast. Bitcoin dropped 5.6%, settling slightly above $86,000. Data from Coinbase shows the crypto is down 33% since reaching a record high of $126,210.50 in October. That peak followed a surge that began in April as crypto markets rose alongside equities and benefited from what many viewed as friendlier signals from policymakers in Washington. Crypto-related companies also faced heavy pressure. Coinbase Global slipped 4.8% and Robinhood Markets lost 4.1%, while Riot Platforms,…





