Bitcoin Dips Below $88K, Altcoins Follow

Bitcoin plummeted below eighty-eight thousand dollars, following a brief surge above ninety thousand, as major altcoins like XRP, Ether, Solana, and Dogecoin also retreated. The CoinDesk twenty index dropped to around two thousand seven hundred twenty-six, mirroring weakness in stock futures, particularly the Nasdaq one hundred index. Bitcoins positive link with the Nasdaq intensified during market downturns. Traders reduced leveraged positions, and Bitcoins futures open interest fell to about five hundred thirty-three thousand BTC. Bitcoins underperformance during U.S. trading hours may be due to year-end tax selling. Despite this, Elliott wave expert John Glover from Ledn remains bullish long-term, expecting sideways or slightly lower trading in the near future. Checkout Solipillow.comThe Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.