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Bitcoin Retreats, Trade Gap Narrows, Jobless Claims Spike Markets on Edge
Bitcoin fell 2.5% to $90,056.24, breaking below the psychological $90,000 mark as market sentiment soured following disappointing AI-related earnings from Oracle. Investors were rattled by signs that soaring infrastructure spending in the AI sector hasn’t yet translated into profits, dampening broader appetite for risk assets. Ether also dropped 4.3% to $3,196.62. The pullback came despite otherwise resilient equity markets, highlighting a growing divergence between crypto and traditional risk assets. Analysts noted that crypto markets are still digesting the October 10 selloff and remain hesitant. Standard ... (full story)
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