Bitcoin price news: BTC appears aimed at re-testing the $90,000 level
Bitcoin and most major cryptocurrencies declined, with BTC trading near $91,100 amid a broader crypto selloff.Summary
Bitcoin (BTC) and most other digital assets experienced a selloff on Wednesday, extending overnight losses, with BTC trading around $91,100, down 3% in 24 hours. The CoinDesk 20 Index fell nearly 4%, led by an over 8% drop in XRP, while Ether (ETH) was down 3.6%, despite Morgan Stanley offering a spot ETH ETF. This crypto downturn occurred while the Nasdaq was gaining 0.5%, though precious metals like gold and silver pulled back. Digital asset treasury stocks were also generally lower, even after MSCI decided not to exclude Strategy (MSTR) from its indices for now; MSTR gained 1% while peers like Bitmine Immersion (BMNR) fell significantly. On the weekly chart, the ratio of MSTR to the iShares Bitcoin Trust (IBIT) bounced off the 3-level, which bulls are watching as potential support.
(Source：CoinDesk)