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Bitcoin in 'bear market regime' as cryptocurrency falls below $95,000
Bitcoin extended losses on Friday as the world's largest cryptocurrency sank more than 24% from its all-time high north of $126,000 in October. On Friday, the token slipped beneath $95,000 at the lows of the session, alongside a stock market rout driven by uncertainty over when the Federal Reserve will cut rates. The cryptocurrency was trading above $96,000 midday. The steady decline came as Bloomberg data showed outflows from bitcoin exchange-traded funds (ETFs) hit their second-highest daily level on Thursday. The token has struggled to recover since last month's sharp sell-off, which was triggered by leveraged ... (full story)
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