Bitcoin drops 5% below US$90,000; bearish factors rack up
Bitcoin
LONDON: Bitcoin fell below US$90,000 on Monday (Dec 1), as a selloff gathered pace following the steepest monthly decline since mid 2021, as renewed risk aversion drove investors out of stocks and digital assets. The world’s largest cryptocurrency fell by as much as 6.1 per cent at one point. By 11.20am GMT (7.20pm, Singapore time), it was down 5.2 per cent at US$86,461, set for its biggest one-day fall in a month and hovering near last month's eight-month low of US$80,553. Bitcoin shed more
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