Bitcoin fell below $87,000 on Monday morning, marking a decline from its overnight trading level of approximately $89,630. This drop is part of a broader downturn in the cryptocurrency market, with major digital assets experiencing simultaneous declines.
Crypto-related stocks also suffered losses, with companies such as Marathon Digital, Circle, Coinbase, Robinhood, and eToro seeing declines. Notably, mining firms like CleanSpark and Hut 8 experienced drops exceeding 10%. The market remains under pressure as investors await key U.S. employment data and a potential interest rate hike from the Bank of Japan.
Bitcoin Drops Below $87,000 Amid Market Weakness
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