December Turns Red For Bitcoin As Market-Wide Sell-Offs Continue

December has turned out to be a red month for bitcoin and other indexes as sell-offs have rocked the crypto space. Bitcoin and altcoins alike have recorded numerous losses tied to investors selling off their holdings and hunkering down for what looks to be the beginning of a drawn-out bear market. Some have however suffered more than others in a more that has turned bloody for investors. All across the market, indexes continue to record double-digit drops, signaling no improvement from the previous week as losses had also risen to the double digits. Losses have run even higher for the past seven days with the small cap index taking the biggest hit of all. Related Reading | Despite Crackdown, Bitcoin Mining Is Still Alive And Well In China Double-Digit Losses Rocks The Market Bitcoin has suffered significant losses since the crash at the beginning of the month. The digital asset was pushed towards the low $40,000s and has struggled to move out of this price range since then. On the index front, the asset has not done too well either as it has recorded losses up into the double-digits and much higher than that recorded for the previous week. Bitcoin alone saw a 20% loss for a seven-day period, up 5% from the previous week’s loss of 15%. This has made it one of the hardest-hit digital assets in the space despite maintaining the largest market share. BTC drops 20% in seven days | Source: Arcane Research The other indexes...