It was a blink and you missed it rally as continued deflation in the AI trade sent the Nasdaq sharply lower, dragging crypto along with it.
Bitcoin tumbles back below $88,000 as gains evaporate as quickly as they formed
It was a blink and you missed it rally as continued deflation in the AI trade sent the Nasdaq sharply lower, dragging crypto along with it.
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Bitcoin hit its highest point since Aug. 22 before retreating, while altcoins posted stronger gains.
The cryptocurrency is trading below key ETF cost levels and nearing its pre-election price floor as inflows to these vehicles fade and headwinds build, the bank said.
ETH, BCH and top memecoins are flashing bullish chart patterns.
The bitcoin miner turned AI compute provider tumbled on Tuesday and is now down nearly 50% over the past month.