Shafaq News

Cryptocurrencies took a sharp hit on Monday, reversing the brief calm that had settled over the markets in recent days.

Bitcoin plunged as much as 6%, falling below $86,000 in early Asian trading. Ether slipped more than 7% to under $2,800, while Solana dropped 7.8%.

The sell-off is part of a broader wave that has gripped the market for weeks. It started in early October when roughly $19 billion in leveraged positions were liquidated, just days after Bitcoin soared to an all-time high of $126,251.

(Reuters)

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