Bitcoin, Ethereum fall sharply as crypto sell-off resumes
December 1, 2025
- Bitcoin and Ethereum fell sharply on Monday.
- Risk-off sentiment in broader markets hangs over digital assets as sell-off resumes in December.
- In Asia, shares in digital assets-related stocks dropped after the People’s Bank of China warns of illegal activities.
Bitcoin and Ethereum fell on Monday, as the recent sell-off in cryptocurrencies resumed.
Bitcoin tumbled sharply and was last seen around $86,553 at 8:18 a.m. in London on Monday, a slide of about 5.3%. Ethereum dropped around 6.4% in early trade, to reach $2,836.
Solana had fallen over 7%, and was last seen around $127, while other closely-watched tokens were also in the red, including Dogecoin, which slipped around 8%.
In Asia, a statement by the People’s Bank of China on Saturday warning of illegal activities relating to digital currencies heaped pressure on Hong Kong-listed shares of digital assets-related companies, which retreated during Monday’s session.
The fresh slide in digital assets chimes with a broader risk-off sentiment at the start of a new month.
Macroeconomic concerns — including uncertainty over a possible U.S. rate cut — continue to weigh on investors’ minds, while nagging doubts over overheated valuations in artificial intelligence-related names contributed to November’s bumpy markets as crypto volatility heightened.
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