The largest cryptocurrency dropped as much as 7.6% on Friday to $80,553, deepening a selloff that’s erased nearly 25% of its value this month. (Photo by Kanchanara on Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Bitcoin is crashing into dangerous territory — and options-fueled selling is adding to the volatility.

The largest cryptocurrency dropped as much as 7.6% on Friday to $80,553, deepening a selloff that’s erased nearly 25% of its value this month. November is now shaping up to be Bitcoin’s worst month since the 2022 collapse of Terra and FTX — a stretch that triggered a cascade of corporate failures across the industry.

This latest slump has been driven primarily by spot selling — including redemptions from large exchange-traded funds, long-dormant wal

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