Bitcoin fell below $94,000 on Monday, extending a month-long slide that has erased its gains for the year and solidified its entry into a bear market.
The world's largest cryptocurrency, which set an all-time high of $126,251 in early October, has shed more than 20% since then as risk assets face broad pressure. Heavy outflows from Bitcoin-focused ETFs, coupled with broader risk-off sentiment, have added to downward momentum.
