Bitcoin and other cryptocurrencies fell sharply on Dec. 4, in another sign that Omicron uncertainty, concerns about surging inflation, and firming expectations that the Fed will speed up its pullback of stimulus are feeding a wave of risk-off sentiment.
By 8:14 a.m. New York time, bitcoin was down 12 percent at $47,177 on Coinbase, while Ethereum, the second-biggest token, was down just over 7 percent at $3,921 on Kraken.
