Bitcoin reverses early gains, drops below $88,000 as Nasdaq futures wilt
Bitcoin experienced a reversal in its early gains, falling below the $88,000 mark as Nasdaq futures declined. The drop in Bitcoin's price reflects broader market trends, with investor sentiment affected by the performance of tech stocks. Analysts suggest that ongoing volatility in the cryptocurrency market is influenced by macroeconomic factors and regulatory developments. Despite the recent downturn, Bitcoin remains significantly higher than its value from earlier in the year.
Read the full article: CoinDesk