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Bitcoin plunges 5.1 per cent in risk-off start to December
The Straits Times
|December 02, 2025
Cryptocurrencies fell sharply on Dec 1, bringing fresh momentum to a wide-ranging selloff that appeared to have settled.
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Bitcoin slid as much as 5.1 per cent to below US$87,000 in morning Asia trading, while Ether dropped 6 per cent to below US$2,900, according to data compiled by Bloomberg. Most tokens followed a similar pattern, with Solana falling more than 7 per cent.
The crypto market is on shaky ground after a weeks-long rout that began when some US$19 billion (S$24.6 billion) in leveraged bets were wiped out in early October, just days after Bitcoin set an all-time high of US$126,251. A letup in the selling pressure saw the original cryptocurrency regain ground last week, rising to above US$90,000.
Dit verhaal komt uit de December 02, 2025-editie van The Straits Times.
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