Cryptocurrencies

Crypto Tokens Plunge in Fresh Sign of Global Market Nerves

Bitcoin and Other Digital Tokens Plunge as Risk Aversion Grips Markets

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By Joanna Ossinger and Vildana Hajric

December 4, 2021 at 5:37 AM UTC

Updated on

December 4, 2021 at 3:58 PM UTC

This article is for subscribers only.

Bitcoin plunged along with other cryptocurrencies on Saturday, in another indication of the risk aversion sweeping across financial markets.

The largest digital token fell as low as $42,296 before paring some of the tumble. It was trading at about $48,300 as of 10:31 a.m. in New York on Saturday, a drop of about 10%. The token has now declined more than 20% from the all-time high of more than $69,000 seen on November 10.