New Delhi, Dec. 2 -- Bitcoin hit an all-time record high of over 126,000 levels in October and has since been in a nearly two-month bear run, down 33%. The broader crypto market is also down below $3 trillion market capitalisation, and the second-largest token, Ethereum, is shedding 36% in the same period.

Riya Sehgal, Research Analyst at Delta Exchange, told Mint that the downturn followed a volatile weekend, during which over $500 million in liquidations occurred, leaving sentiment fragile and risk appetite subdued.

According to an AP report, the crypto sell-off largely tracks market fears over a bubble in artificial intelligence (AI)- led technology stocks, and increased caution in the markets, where riskier assets are typically the ...