Bitcoin plunges below $86,000 as crypto weakness worsens

Major cryptocurrencies fell during U.S. morning hours Monday, continuing a now crystal-clear pattern of relative poor performance while American stocks trade. Trading fairly flat just below $90,000 overnight, bitcoin (BTC) plunged to $85,600 by early afternoon Eastern Time (ET), down 3.6% over the past 24 hours. Bitcoin's poor relative performance during U.S. market hours suggests at first glance weak demand from American investors, but perhaps it has something to do with the mechanics of the spot bitco ...