Bitcoin and the rest of the crypto market continued the trend of not just losing ground, but notably sliding the most during U.S. market hours.
Following a recent pattern, BTC had bounced to as high as $104,000 overnight but reversed course in early U.S. hours, plunging below $100,000 in the early afternoon hours on the east coast and now lower by 1.7% over the past 24 hours.
The retreat came amid a steep broad decline in risk assets as investors come to grips with the idea that the Fed — at the moment — doesn’t appear intent on cutting rates in December. The Nasdaq is down 2% and S&P 500 1.3%.
Crypto-linked equities were hit hard once more, especially miners with heavy AI infrastructure and data center exposure. Bitdeer…
