The Economic Times News

BTC USD price today falls below $88,000: Why Bitcoin retreats from $90,000, dragging XRP, ETH, SOL lower after Asian rally fades

Bitcoin price today: Bitcoin's rally faltered, dipping below $88,000 after a brief surge past $90,000. This pullback impacted major altcoins, mirroring weakness in US stock futures. Traders reduced leveraged positions as Bitcoin futures open interest declined. Analysts suggest year-end tax harvesting may be contributing to selling pressure, though the long-term outlook remains positive.