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Bitcoin slips amid risk-on sentiment, dropping 5% below $90,000
Bitcoin dropped below $90,000 as investors reallocate toward equities and FX, citing macro uncertainty and shifting risk sentiment.
The world’s largest cryptocurrency, Bitcoin, slid about 6% in early December, falling below $90,000 as investors moved away from risk-off trades and sought liquidity in equities and FX. Weak macro data from the U.S. and shifting investor preferences contributed to selling pressure. Some institutional holders reportedly paused new allocations amid uncertainty over interest-rate direction.