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

Riya Sehgal, Research Analyst at Delta Exchange told Mint the downturn followed a volatile weekend that saw over $500 million in liquidations, 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 first to get the boot.

Nischal Shetty, Founder at...