In brief The crypto market sell-off has been linked to risk-aversion spill over from traditional markets, particularly profit-taking in overvalued AI stocks, Decrypt was told. On-chain data shows 8 out of 10 metrics are bearish, while derivatives and options data point to traders betting on further downside. A recovery requires a close above $105,000, hinging...

Bitcoin ETF Investors Now in the Red After $89,600 Level Breaks - Bloomberg The Bitcoin rally that welcomed a wave of new investors through easy-to-access ETFs has officially gone underwater. Investors in US exchange-traded funds that offer direct access to the cryptocurrency are now sitting on collective losses. The average cost basis across all ETF...

Bitcoin slipped below $90,000 for the first time in seven months on Tuesday in the latest sign that investor appetite for risk-taking is drying up across financial markets.