Bitcoin Slides Below $86,000 As Market Extends Monthlong Retreat

Benzinga

Crypto prices slid again Friday as Bitcoin fell as much as 2.1% below $86,000 during Asian trading, extending weeks of unwinding after October’s record surge. Large holders have sold more than $20B since September, while thin liquidity and lingering fallout from October’s massive liquidation continue to pressure markets. Economic uncertainty and doubts about a December rate cut are further weighing on risk appetite.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Crypto prices fell again on Friday as Bitcoin dropped as much as 2.1% to below $86,000 during

00:08Asia trading, according to Bloomberg. The client found weeks of unwinding after October's record

00:13run-up and continued selling by large holders who have sold more than $20 billion since September.

00:18Options traders focused on the $85,000 level with additional interest in $82,000.

00:23Quintity remains thin after October's violent liquidation event forced out over $19 billion

00:28in leveraged positions. Economic uncertainty and doubts over a December rate cut

00:32and reduced investor appetite for risk, adding pressure across spectrum of assets.

00:36For all things money, visit Benzinga.com.

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