Bitcoin dropped sharply at the start of December, falling under the $86,000 support level amid a global pullback from risk assets. The cryptocurrency slid as much as 8% to around $83,800 before stabilizing slightly higher.

The sell-off was driven by renewed risk-off sentiment, thin market liquidity, and continued outflows from crypto investment products. Macro uncertainty and shifting interest-rate expectations further pressured digital assets.

Major altcoins also suffered, with Ethereum dropping around 7–10% during the session.

Analysts warn that this downturn may prove tougher to rebound from due to heavier institutional exposure and fragile liquidity, though some see potential for a short-term recovery if broader markets stabilize. Visit www.jocomms.com for more news.