WSJ: Investors are worried about a new crypto winter.

Odaily Planet Daily reports that the cryptocurrency slump is intensifying. Bitcoin prices plunged more than 6% on Monday, marking the biggest single-day drop since March. As of 4 p.m. ET, it was trading at $85,468, down more than 30% from its peak of $126,000 in early October.

The sell-off spread to other digital tokens, with ETH and Solana affected, and dragged down crypto-related stocks such as exchange operator Coinbase Global. Patrick Horsman, chief investment officer of crypto finance firm BNB Plus, said the decline was due to investors becoming more pessimistic about the market and the economy, and reducing their risk exposure.

Horsman predicts that the price of Bitcoin could fall to $60,000. ETH fell 7.6% on Monday, Solana fell about 8%, and Coinbase Global fell 4.8%.