Associated Press

Bitcoin and companies tied to cryptocurrencies extended a nearly two-month swoon Monday, tracking with a broader market sell-off in technology companies that many see as overvalued.

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Bitcoin, which soared to a record $126,210.50 on Oct. 6 according to crypto trading platform Coinbase, slid 11.8% to below $85,000. That’s a decline of about 33% in just eight weeks.

Stocks across the crypto industry tumbled, with Coinbase Global sinking 5.1% and online trading platform Robinhood Markets losing 5.2%. Bitcoin mining company Riot Platforms dropped 5.4%.

Strategy, the biggest of the so-called crypto treasury companies that raises money just to buy bitcoin, tumbled 10.3%. The company has reported holding 649,870 bitcoin. As of 11 a.m. ET Monday they were worth about $55 billion.

American Bitcoin, in which President Donald Trump’s sons Eric Trump and Donald Trump Jr. hold a stake, fell 7.2% and is now down more than 41% since Sept. 30.

Other Trump-related crypto ventures have seen declines as well. The market value for the World Liberty Financial token, or $WLFI, has fallen to about $3.91 billion from above $6 billion in mid-September, according to coinmarketcap.com And the price of a meme coin named for President Donald Trump, $TRUMP, is $5.63 compared to around $45 just before his inauguration in January.

Analysts point to a number of factors that have led to the sell-off in bitcoin and other crypto investments, including a broad risk-off sentiment that has gripped markets this fall, sending investors toward safer havens such as bonds and gold.

Bitcoin futures are down nearly 24% in the past month. At the same time, gold futures are up almost 7%.

In a research note to clients last week, Deutsche Bank analysts also attributed the recent declines in crypto to institutional selling, other long-term holders collecting profits and a more hawkish Federal Reserve. Stalled crypto regulation has also contributed to the uncertainty, Deutsche Bank said.

“While volatility remains inherent, these conditions indicate Bitcoin’s portfolio integration is being tested, and raises questions of whether this is a temporary correction or a more prolonged adjustment,” the analysts wrote.

One popular way of investing in bitcoin is through spot bitcoin ETFs, or exchange-traded funds, which allow investors to have a stake in bitcoin without directly owning the cryptocurrency. According to data from Morningstar Direct, investors pulled $3.6 billion out of spot bitcoin ETFs in November, the largest monthly outflow since the ETFs began trading in January 2024.

What did Pro Football Focus think of how the Vikings performed on Sunday afternoon at Lumen Field? Here’s a look at the player grades from the Vikings’ 26-0 loss to the Seattle Seahawks:

Top 3 on offense (minimum 20 snaps)

T.J. Hockenson … 73.0

Brian O’Neill … 68.5

Josh Oliver … 64.6

Analysis:  It was the most productive game of Hockenson’s campaign to this point as he finished with 6 catches for 59 yards. That included a 29-yard gain on a seam route that proved to be the biggest play of the game for the Vikings. There wasn’t much to write home about for the offense other than that.

Bottom 3 on offense (minimum 20 snaps)

Max Brosmer … 22.0

Jalen Nailor … 46.2

Will Fries … 46.8

Analysis: The shockingly low grade for Brosmer makes sense when taking into account his catastrophic mistake, which simultaneously took points off the board for the Vikings, and put points on the board for the Seahawks. It wasn’t surprising to see Fries near the bottom of the list after he got beat clean on a sack at a pivotal moment early in the game.

Top 3 on defense (minimum 20 snaps)

Jalen Redmond … 78.5

Fabian Moreau … 75.8

Levi Drake Rodriguez … 73.5

Analysis: The emergence of Redmond continues as he proved to be a force stopping the run for the Vikings. He’s been the most consistent player on the defensive line this season and it’s not even close. There was also some love for Rodriguez as he continues to come into his own as an interior pass rusher.

Bottom 3 on defense (minimum 20 snaps)

Byron Murphy Jr. … 43.5

Tyrion Ingram-Dawkins … 44.0

Blake Cashman … 48.7

Analysis: After signing a big contract in free agency, Murphy has underwhelmed for the Vikings in the secondary this season. That trend continued agains the Seahawks as Murphy struggled to make an impact.

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By CHRISTINE FERNANDO, Associated Press

CHICAGO (AP) — A son of notorious Mexican drug kingpin “El Chapo” was set Monday to change his not guilty plea in a U.S. drug trafficking case, months after his brother entered a plea deal.

Joaquin Guzman Lopez had been scheduled to be in court Monday in Chicago for a status hearing, but a court document said the appearance would now be a change-of-plea hearing. The document didn’t say whether he would be pleading guilty, and Jeffrey Lichtman, Joaquin Guzman Lopez’s attorney, did not immediately respond to a request for comment.

FILE – This image provided by the U.S. Department of State shows Joaquín Guzmán López after he was arrested by U.S. authorities in Texas. (U.S. Department of State via AP, File)

Known locally as the “Chapitos,” or “little Chapos,” Joaquin Guzman Lopez and his brother, Ovidio Guzman Lopez, are accused of running a faction of the Sinaloa cartel. Federal authorities in 2023 described the operation as a massive effort to send “staggering” quantities of fentanyl into the U.S.

Joaquin Guzman Lopez and another longtime Sinaloa leader, Ismael “El Mayo” Zambada, were arrested in July 2024 in Texas after they landed in the U.S. on a private plane. Both men have previously pleaded not guilty to various drug trafficking, money laundering and firearms charges.

Their dramatic capture prompted a surge in violence in Mexico’s northern state of Sinaloa as two factions of the Sinaloa cartel clashed.

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Ovidio Guzman Lopez was the first son of drug lord Joaquin “El Chapo” Guzman to enter a plea deal, for which he admitted to helping oversee the production and smuggling of large quantities of cocaine, heroin, methamphetamine, marijuana and fentanyl into the United States, fueling a crisis that has contributed to tens of thousands of overdose deaths annually.

Ovidio Guzman Lopez pleaded guilty to drug trafficking, money laundering and firearms charges tied to his leadership role in the cartel. Legal experts called the plea deal a significant step for the U.S. government in their investigation and prosecution of Sinaloa cartel leaders.

Joaquin “El Chapo” Guzman is serving a life sentence after being convicted in 2019 for his role as the former leader of the Sinaloa cartel, having smuggled mountains of cocaine and other drugs into the United States over 25 years. The brothers allegedly assumed their father’s former role as leaders of the cartel.