As per Coindesk, Bitcoin (BTC) fell back to $90,000 in early U.S. trading hours on December 5, reversing much of last week's rebound. Ethereum (ETH) and other major altcoins also declined, with prices down 2% to over 4%. Crypto-related equities such as MicroStrategy (MSTR) and Galaxy Digital (GLXY) dropped 4%-7%. Velo data indicates the most bearish periods have been the hour before and after U.S. market open. However, a slight rebound followed the release of University of Michigan inflation data, which showed lower-than-expected consumer inflation expectations.
Bitcoin Slips Back to $90K Amid Holiday Weekend Sell-Off
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