Bitcoin slides to $59,000 as crypto market cap shrinks by $2.4 trillion

Bitcoin fell below $60,000 and is down nearly 20% this month. The total crypto market cap has dropped from $4.3 trillion in October to $2.0 trillion today. Strategy shares sank to their lowest level in more than two years as concerns mounted over its large Bitcoin holdings. Stocks were mixed as oil prices slid, Micron fell, and traders awaited the chipmaker’s earnings after the bell.