Bitcoin price plunges toward $85,000 as traders brace for a big week

Bitcoin’s dramatic recent slide gathered yet more momentum at the start of December, with the cryptocurrency plunging as low as $85,400 early Monday morning. The digital asset fell about 5% overnight, appearing to resume a six week-long tumble that started shortly after it reached a record high of $126,000 in late October. Bitcoin has lost nearly one-third of its value since that point, after the market saw a significant and prolonged round of liquidations and sell-offs in late October and November. Trad ...