Crypto Markets Today: Bitcoin slides as Asia-led sell-off hits altcoins
Bitcoin and the wider crypto market succumbed to a wave of selling pressure during the Asia session, prompting a drop to about $91,530 at 10:00 a.m. UTC from around a local high of $93,750 at midnight.
The sell-off follows a failed attempt at breaking above $94,500 on Tuesday, the third in the past five weeks.
The altcoin market fared worse than bitcoin, with PENGU and XRP taking the brunt of the hit with declines of 6.5% and 3.5% since midnight.
Bitcoin is now trading firmly back in December’s range, which saw various spikes between $85,000 and $94,500, even as it extended the decline that started in October.
Wednesday’s drop reflects a rise in risk-off sentiment from traders. U.S. equities also fell in pre-market trading,…
