Bitcoin Plunges to Below $85,000 in Risk-Off Start to December

Cryptocurrencies fell sharply on Monday, bringing fresh momentum to a wide-ranging selloff that appeared to have settled.

Bitcoin slid as much as 7% to below $85,000 in early New York trading, while Ether dropped more than 7% to about $2,800,

Bitcoin slid as much as 7% to below $85,000 in early New York trading, while Ether dropped more than 7% to about $2,800,

After the latest bout of selling on Monday, traders are bracing for bigger moves lower.