Bitcoin Dips Below $90K, Crypto & Stocks Diverge

Bitcoin dips below ninety thousand dollars, while Ether retreats; S&P five hundred index rises, highlighting a clear divergence between traditional stocks and crypto market. Bitcoins next significant support level is eighty-eight thousand five hundred dollars, with eighty-five thousand dollars acting as a critical line in the sand for its price stability. Despite positive signs like net inflows in US exchange-traded funds and Strategy Incorporateds large Bitcoin purchase, Bitcoins price fails to stay above ninety-four thousand dollars, suggesting demand is being overwhelmed by structural selling pressure. Perpetual futures contracts for Bitcoin show a pessimistic tilt, with funding rates turning negative during Asian trading hours, indicating a cautious outlook for the near future.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.