Crypto market stabilizes: Bitcoin returns to $87,000 after collapse

11:42 - 2.12.2025


December 2, Fineko/abc.az. Bitcoin rose slightly on Tuesday after a sharp sell-off in the previous session, which saw the world's largest cryptocurrency fall below $84,000 as a new wave of risk aversion hit digital assets in early December.

ABC.AZ reports that the drop took traders by surprise, coming just days after bitcoin recovered from levels near $80,000 late last week.

The world's largest cryptocurrency was last trading 0.6% higher at $87,087.6 by 10:58 a.m. (Baku time). On Monday, it fell by more than 7% to below $84,000.