Crypto Today: Bitcoin Dips Below $87K, Stablecoin Turmoil & Strategy Inc. Buys More BTC

Crypto Today: Bitcoin Dips Below $87K, Stablecoin Turmoil & Strategy Inc. Buys More BTC

1. Bitcoin Falls Nearly 5%, Drops Below $87,000

Bitcoin fell about 5% to ≈ $86,754, its sharpest drop in a month. The slump is blamed on rising investor risk-aversion, weak volatility, and a broader pullback in risk assets. Reuters+1
Ethereum and other major coins slipped too, deepening the slide. Reuters+1

2. Stablecoin Shock: Tether Gets Downgraded

USDT — the largest stablecoin — was hit with a downgrade by S&P Global over mounting concerns on reserve quality, lack of transparency, and reliance on risky assets. Reuters+1
That downgrade sent shock-waves through stablecoin markets and raised fresh questions about stablecoin trust and peg-stability going into a volatile period. Reuters+1

3. Strategy Inc. Scoops Up Bitcoin Amid Market Fear

Despite the drop in price and weakening sentiment, Strategy Inc. — big BTC-holding firm — added more Bitcoin to its treasury. CoinGape+1
They’ve also set aside cash reserves to support dividend obligations, signaling a long-term commitment even under pressure. Financial Times+1

Takeaway

Today’s action shows crypto’s two faces at once: fear-driven price drops and opportunistic accumulation. Stablecoin instability adds extra tension. If you’re trading, expect volatility. If you’re investing long-term — events like Strategy’s buys might just hint at where conviction lives when sentiment dials down.

Sources

  • Bitcoin & crypto slump — Reuters / Investopedia coverage on Dec 1, 2025 Reuters+1

  • S&P downgrade of USDT — Reuters & Financial Times Reuters+1

  • Strategy Inc. latest BTC purchase & reserve plan — CoinGape and FT CoinGape+2Financial Times+2

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