Bitcoin Slips Below $93K in Crypto Selloff, but Trader Sees Short-Term Bounce
Mining stocks including WULF, BTDR, IREN and HUT dropped over 5%, while BTC holder medical devices firm Semler Scientific plunged 10%.
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Market Wrap
Mining stocks including WULF, BTDR, IREN and HUT dropped over 5%, while BTC holder medical devices firm Semler Scientific plunged 10%.
Altcoins as a group outperformed bitcoin, with AVAX and LINK leading sector gains.
Bitcoin is again outperforming, sliding just 3% back to $95,000.
Bitcoin was an outperformer, but still lower by 5% over the past 24 hours to just above $95,000.
ETH surpassed the level for the first time since March.
BTC has been red-hot lately, taking out a milestone, but the bottom just fell out.
Spot bitcoin exchange-traded funds options are making solid volume on their first day.
Bitcoin is leading the broader crypto market higher, outperforming the CoinDesk 20 Index with its 6% advance over the past 24 hours.
The fourth largest crypto could potentially reach its 2021 record highs in the coming days given its relative strength through crypto’s eight-month long consolidation phase, one analyst noted.
Cryptocurrency price milestones continue to topple in the aftermath of Donald Trump’s election victory, as bitcoin on Friday surpassed $77,000 for the first time