Analysis: Bitcoin falls below $87,000, exacerbating the weakness in cryptocurrencies.

Odaily Planet Daily reports that crypto assets started the week lower, with weakness intensifying. Bitcoin fell back to the $86,800 range, and Ethereum dropped to $3,000. The price action continued a clear pattern: cryptocurrencies underperformed significantly during US trading hours compared to other times of the day. Cryptocurrency stocks were also hit, with Strategy and Circle both down 7% on the day. Coinbase fell more than 5%, while cryptocurrency miners CLSK, HUT, and WULF saw their share prices plummet by more than 10%. As the US government gradually resumes operations after a prolonged shutdown, the Bureau of Labor Statistics will release its October and November employment reports this week. These data will be closely watched to help determine whether the Federal Reserve will continue cutting interest rates in early 2026. (CoinDesk)