Bitcoin Falls Back Below $90,000 After Recent Recovery — Market Talk
Bitcoin falls as it fails to sustain its recent recovery above $90,000. While there's no obvious driver for bitcoin's decline, the sharp fall in volatility last week could have unnerved some investors who remain concerned about an uncertain outlook into year-end, XTB's Kathleen Brooks says in a note. The VIX, a measure of expected volatility in S&P 500 index options, fell below the average for the last 12 months last week, she says. "Bitcoin tends to be a leading indicator for overall risk sentiment right now, and its slide does not bode well for stocks at the start of this month." Bitcoin falls 5.1% to $86,544 after earlier reaching a one-week low of $85,663, LSEG data show. ([email protected])