Crypto Market Plunges, Bitcoin Drops Below $87K

Bitcoin and crypto companies face significant downturn, mirroring broader market sell-off; Coinbase, Robinhood, Riot Platforms, and American Bitcoin among those hit hard; investors pull $3.6 billion from spot Bitcoin ETFs in November; analysts cite risk-off sentiment, institutional selling, profit-taking, and regulatory uncertainty as contributing factors; legislative delay on crypto bill adds to market instability. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.