$BTC hits multi-month lows as crypto, stocks witness heightened risk-off sentiment
Bitcoin dropped below $80,000 on Monday, down 27% from its all-time high.
The crypto and stock markets have seen over $6 trillion in combined losses in the past two months.
The increased losses follow investors flipping from extreme greed, reflected by the Fear and Greed Index falling to 14.
Bitcoin fell to $78,000 on Monday, marking a 27% decline from its all-time high, as crypto and stocks stretched their combined market cap losses to $6 trillion. The selling pressure is largely due to a growing correlation between the asset classes and a shift in investor sentiment toward a risk-off strategy.
