Overview
- Prices touched the high $80,000s late Monday, with reports citing intraday lows between $89,426 and $89,953.
- The slide extends a nearly 30% drawdown from October’s record above $126,000, reversing the year’s advances.
- Losses spread across digital assets, with Ether slipping under $3,000 and tokens like XRP, BNB, SOL and Dogecoin declining.
- Crypto-exposed equities weakened as well, with shares of Coinbase and miner Riot Platforms falling alongside digital-asset prices.
- Analysts point to rate-cut uncertainty, institutional de-risking and thin liquidity after prior shakeouts, and some warn that $75,000 is the next level to watch after $98,000 support gave way.