Cryptocurrency prices have significantly dropped.

Influenced by factors such as the overall increase in risk aversion demand in the market, the prices of cryptocurrencies significantly dropped on December 1st. Data from the US cryptocurrency trading platform "Bitcoin Base" shows that, as of 8:50 AM Eastern Time on December 1st, the price of Bitcoin had dropped by 6.57% in the past 24 hours, falling to $85,700. Data indicates that cryptocurrency prices have recently been significantly decreasing. Specifically, the price of Bitcoin has dropped from its historical high above $125,000 on October 6th to below $85,000 on November 22nd, with some rebound afterwards. Ben Emmons, Founder and Chief Investment Officer of Medley Global Advisors, stated that the recent Bitcoin sell-off continues to create market tension, and more liquidation is expected. A major UK trading platform previously issued a warning stating that cryptocurrencies should not be included in portfolios as they are not considered assets.