Crypto assets plummet... Bitcoin briefly falls below $89,000

A series of negative news, including a massive outflow of funds from the Bitcoin exchange-traded fund (ETF) of BlackRock, the world's largest asset management company, has caused crypto assets (virtual currencies) to plummet.
On that day alone, $523 million was withdrawn from BlackRock's Bitcoin ETF, the largest single-day net outflow ever.
Furthermore, concerns that the US Federal Reserve (FRB) may not lower interest rates in December also accelerated the decline in the cryptocurrency market.
The minutes of the previous FOMC meeting, released on the same day, revealed that Fed officials were in serious disagreement over the interest rate cut policy. This caused the market's "expectations for a December rate cut" to fade.
As of 5 a.m. on the 20th, according to the global market information site CoinMarketCap, Bitcoin had fallen 4.95% in 24 hours to $88,667 (approximately 139
The price of Ethereum fell 8.73% to $2,872, Ripple fell 8.88% to $2.03, and BTC fell 8.88% to $2.03.
Nancecoin fell 6.51% to $875, while Solana fell 7.33% to $131.