Dec 2nd, 2025

Crypto Market Gripped by Fear, Dip Buying Not Kicking In

Almost $1 billion of leveraged crypto positions were liquidated during another sharp drop in prices on Monday that brought fresh momentum to a wide-ranging selloff. The market is on shaky ground after a weeks-long rout. Data compiled by Coinglass show this began when some $19 billion in levered bets were wiped out in early October as US President Donald Trump whipsawed markets with threats of higher tariffs. Bloomberg's Suvashree Ghosh reports.