Bitcoin Below US $ 50 K at early October Levels

Bitcoin hovered around $49,000 on Monday, down 1.5% on the day, as traders nursed losses after a brutal weekend in which the price of the world’s largest digital asset at one point lost over one fifth of its value.
The rout sent bitcoin’s price and the amount invested in bitcoin futures back to where they were in early October, before the massive price surge that sent the token to its all time high of $69,000 on Nov. 10.