The decline in the cryptocurrency market continues.

Year-End Cautiousness Surrounds the Crypto Market

As investors take a step back ahead of important United States economic data, the cryptocurrency market has weakened. The Bitcoin price has declined toward $85,800.

Global markets are following a similar trend, with Asian stock markets and United States stock futures weakening. The dollar is trading at its lowest levels in two months.

Despite the price weakness, robust institutional flows into cryptocurrency exchange-traded funds (ETFs) indicate that investors are inclined to take long-term positions.