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Bitcoin Falls Below $88,000 as Tax-Loss Selling Drives Crypto Market Declines

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BTC
$87,696.30-0.4%
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ETH
$2,954.86-0.55%
Bitcoin news: BTC fell below $88,000 on Tuesday, down roughly 1% in 24 hours. Crypto market stocks also dropped sharply, with ETHZilla losing 16%. Gemini, Circle, and Bullish each fell about 6%. Analysts point to tax-loss selling as a key driver. Open interest in BTC dropped $3 billion, raising concerns ahead of a major options expiry.
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