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Bitcoin plunges sharply! Cryptocurrency drops below $86,000; weak demand, global risks hit sentiment

Bitcoin experienced a sharp decline, dropping below $86,000 as December began with renewed selling pressure across the crypto market. Ether and other major tokens also saw significant losses, signaling a risk-off sentiment among investors. Concerns over meager ETF inflows and potential selling by large holders are weighing on prices, with traders eyeing $80,000 as a key support level.