Bitcoin Plunges Below $87K as Crypto Weakness Worsens

The curse of the U.S. trading session — in which bitcoin tends to fall as American stocks trade — has hit yet again. What to know : Crypto assets started the week lower, with bitcoin sliding back to $86,800 and ether to $3,000. The price action continues a definite pattern in which crypto performs far worse during U.S. trading hours than the rest of the day. Crypto stocks also took a hit, with Strategy and Circle both 7% lower on the day. Coinbase fell more than 5%, while crypto miners CLSK, HUT, WULF plunged over 10%.