Bitcoin Falls Below $86,000 as December Opens With Sharp Decline

Bitcoin dropped below $86,000 on December 1, extending November's 17% decline—the largest monthly loss for the asset in 2025 and its worst November since 2018. The selloff erased a week of gains within hours, wiping more than $144 billion from total crypto market capitalization. Long position holders absorbed losses exceeding $535 million as thin weekend liquidity and cascading liquidations amplified volatility.