Bitcoin Slumps as Declining Markets Trigger Ripple Effects Across Crypto

Bitcoin has experienced a sharp decline this week, marking the start of December with a notable dip below $85,000. While investors were anticipating an interest rate cut from the Fed, weak risk appetite and global market uncertainty have caused a negative trend across various cryptocurrencies. This downturn has led to substantial losses in several major altcoins like ZEC, AERO, TIA, PUMP, and SPX, while leading to broader volatility in the crypto markets.