Bitcoin Falls Through the $86,000 ETF Cost Basis as the Whole Market Turns Lower

Bitcoin fell below its $86,000 ETF cost basis as the overall crypto market declined 2.27% to $2.96 trillion. Notable drops included XRP (-5.8%), Dogecoin (-8.3%), and Hedera (-9.9%). Uniswap reversed gains made after CME listing. Perpetual funding on OKX turned negative for both bitcoin and ether swaps. U.S. equities and gold also closed lower.

Sources

• The Defiant — Bitcoin Falls Through the $86,000 ETF Cost Basis as the Whole Market Turns Lower

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