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Bitcoin Plummets 6% Amidst Fading Investor Confidence

12/1/2025

33 6 Full Breakdown

Summary

Story summary

On December 1, 2025, Bitcoin fell 6% to below $86,000 while Ether dropped to about $2,800.
The downturn followed weeks of decline after $19 billion in leveraged bets were lost in October.
Traders are cautious due to low inflows into Bitcoin exchange-traded funds and the absence of dip buyers.
Jeff Ko of CoinEx says that a downgrade of USDT and a warning from the People's Bank of China intensify pressure.

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Story summary

On December 1, 2025, Bitcoin fell 6% to below $86,000 while Ether dropped to about $2,800.
The downturn followed weeks of decline after $19 billion in leveraged bets were lost in October.
Traders are cautious due to low inflows into Bitcoin exchange-traded funds and the absence of dip buyers.
Jeff Ko of CoinEx says that a downgrade of USDT and a warning from the People's Bank of China intensify pressure.