$BTC Bitcoin, Ether, XRP Slide as December Begins With 'Yearn Incident'

Major cryptocurrencies traded lower in early Asia as DeFi platform Yearn noted at "incident" in its yETH pool.

What to know:

Major cryptocurrencies fell early Monday, continuing the November downtrend.The decline happened as an incident at $DEFI platform Yearn Finance affected its yETH liquidity pool.

Bitcoin BTC$87,025.31, ether ETH$2,807.43 and other major tokens slipped early Monday, extending a bruising November close amid fresh panic from DeFi platform Yearn Finance.

BTC, the leading cryptocurrency by market value, fell over 3% to nearly $87,000 during the early Asian trading hours. Ethereum's native token ETH fell 5% while SOL, DOGE, XRP fell over 4%, according to CoinDesk data.

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