Crypto stocks pare gains as bitcoin (BTC) price retreats after rally to $90,000
CoinDesk
Crypto stocks and major cryptocurrencies retreated after Bitcoin reversed its move above $90,000.Summary
Crypto-linked stocks, including miners like MARA Holdings and Core Scientific, pulled back after Bitcoin reversed a rally that briefly pushed its price above $90,000 to trade around $86,500. Other cryptocurrencies, such as Ether and XRP, also declined, contributing to a 1.5% drop in the CoinDesk 20 index. Trading and services stocks also cooled, though Hut 8 remained positive due to a major lease agreement with Fluidstack. The reversal occurred despite comments from Fed Governor Chris Waller and market indicators suggesting a high probability of no interest rate reduction in January.
(Source：CoinDesk)