Cryptocurrencies resumed their decline in mid-session trading on Monday, December 1st, after last week’s gains. A clear decrease in risk appetite and a reluctance to invest in risky assets triggered a new wave of selling. The combined market capitalization of cryptocurrencies, which includes more than 17,000 cryptocurrencies, fell by approximately 4.9% on Monday, according to CoinGlass. The market capitalization traded at $3.03 trillion.

Outflows from Bitcoin ETFs and losses on leveraged bets resurfaced at the start of the week, exacerbating the overall panic in cryptocurrency markets. Figures showed that more than $632 billion was liquidated on Monday, including $568 million from long positions, according to CoinGlass data. In a related development, Strategy& CEO Fong Lei indicated that the company is not ruling out selling a portion of its Bitcoin reserves to fund its payments. Strategy& owns 649,870 Bitcoins, currently valued at $56.26 billion, making it one of the world’s largest Bitcoin holders. These statements have heightened traders’ concerns, as they could alter expected supply dynamics, although they are not considered direct statements or an immediate intention to sell, but rather conditional.

Bitcoin is trading at $86,421, down approximately 5.33% in midday trading, with its market capitalization falling to $1.724 trillion, its lowest level since April. The cryptocurrency lost nearly 21% in October. Ethereum, the second-largest cryptocurrency, is also down approximately 5.33%, trading at $2,844, with a market capitalization of $343 billion. XRP (Ripple), the fourth-largest cryptocurrency by market capitalization, is down about 6.73% today, trading at $2.04 with a market capitalization of $123 billion.

Dogcoin is down about 8.13%, trading at $0.1368 with a market capitalization of $20 billion. Cardano is down about 8.15%, trading at $0.3843 with a market capitalization of about $13 billion.

Solana is down about 6.91%, trading at $127 with a market capitalization of $71 billion. TRON is down 1.33%, trading at $0.2773 with a market capitalization of $26 billion.