The wires.

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Bitcoin and Ethereum fell sharply on Monday.

Risk-off sentiment in broader markets hangs over digital assets as sell-off resumes in December.

In Asia, shares in digital assets-related stocks dropped after the People’s Bank of China warns of illegal activities.

Bitcoin

 and Ethereum

 fell sharply on Monday, as the recent sell-off in cryptocurrencies resumed.

Bitcoin

 tumbled sharply and was last seen around $86,805 at 9:45 a.m. in London (4:45 a.m. ET), a slide of more than 4.5%. Ethereum

 dropped around 6.1% in early trade, to reach $2,844.

Solana

 had fallen over 7%, and was last seen around $127, while other closely-watched tokens were also in the red, including Dogecoin

, which slipped around 8.2%.