Bitcoin slides below $96,000 as key crypto bill stalls in Congress
Bitcoin’s (BTC) rally stalled on Thursday, with the largest cryptocurrency quickly falling back below $96,000 as key U.S. digital asset legislation hit a roadblock late Wednesday.
The decline followed bitcoin’s multi-day rise this week, which peaked at just shy of $98,000 on Wednesday.
Crypto-related stocks were sharply lower in concert. Coinbase (COIN), Circle (CRCL) and Strategy (MSTR) were among those with 3%-5% declines.
Bitcoin’s rally this week, which saw it rise from $90,000 to a two-month high, occurred as global jitters centered on Iran and potential U.S. intervention in the country. U.S.-listed bitcoin ETFs pulled in over $1.7 billion in fresh capital in the first three days of the week, their strongest inflow…
