Bitcoin Falls Below $86,000 as December Selloff Triggers Over $400 Million in Liquidations

Bitcoin dropped below $86,000 on December 1, 2025, marking its steepest decline in recent weeks and erasing prior gains. The downturn triggered more than $400 million in liquidations across leveraged cryptocurrency futures positions. Global digital asset market capitalization contracted approximately 4% to around $3 trillion, according to market data.