Bitcoin and Ethereum It fell on Monday as the recent slide in cryptocurrencies resumed.
Bitcoin It fell sharply, and was last seen at about $86,273.68 as of around 7:30 a.m. in London on Monday, down about 5.5%. Ethereum It fell more than 6.5% in early trading to $2,831.95.
Solana While it fell almost 7.7% and was last seen at $126.75, other notable tokens were also in the red, including: dogecoindown 8.4%.
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, while deep skepticism about overheated valuations in artificial intelligence stocks contributed to November’s market volatility amid heightened cryptocurrency volatility.
