Bitcoin (BTC) Price News: Back Below $90K as Bounce Fails for Now

Bitcoin (BTC) experienced an early start to the weekend decline, slipping below $90,000 during early U.S. trading hours, reversing much of the bounce from the prior Sunday's drop to $84,000. Other major cryptocurrencies like Ethereum (ETH) and altcoins such as Solana (SOL) and ADA followed suit with significant losses, reinforcing analyst predictions of further year-end consolidation rather than a rapid rebound. Crypto-related equities also saw sharp declines. The bearish sentiment was slightly tempered by anecdotal inflation data from the University of Michigan, which showed consumer inflation expectations falling, causing Bitcoin to briefly bump back toward $91,000, though the overall downward trend persisted.

(Source：CoinDesk)