US EditionBitcoin Slides More Than 5% As Crypto Selloff Resumes
Yearn Finance hack drained $9 million in tokens, triggering a $140 billion crypto market cap drop amid heightened leveraged liquidations and risk-off sentiment, experts said.
- On Dec. 01, 2025, GeekStake released a market update saying a $140 billion drop in global cryptocurrency market capitalization pushed it below $3 trillion.
- GeekStake reported that a risk-off shift and elevated trader leverage fueled the sell-off, with traders telling Bloomberg they expect Bitcoin could fall to $80,000 b before recovery.
- Heavy liquidations removed liquidity as more than $300 million in leveraged long positions unwound within hours and hackers drained $9 million in yETH tokens from Yearn Finance.
- Early on Monday, Bitcoin briefly dropped below $86,000 before recovering to $86,756, down 5.05% in the past 24 hours, while total crypto capitalization contracted nearly 4.82% to about $3 trillion.
- GeekStake urged focus on operational resilience, emphasizing validator systems and infrastructure stability as key, and said it will continue tracking markets with cross-chain comparisons.
13 Articles
13 Articles
Bitcoin has lost significantly in value at the start of the week. Why is the cryptocurrency crashing – and what does that mean for investors?
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