Market News / Story
BTC Price Drops Back To $83K – Global Bond Rout Drags MSTR, COIN, CRCL, BMNR Stocks Toward September Lows
Stocktwits ·
Stocktwits reports: Bitcoin (BTC) was dropping in early morning trade on Wednesday, with the global bond selloff continuing to weigh on the cryptocurrency and stock market alike and dragging large-cap crypto equities lower. Bitcoin’s price fell more than 3% in the last 24 hours, trading around $83,700 at the time of writing. The drop wiped out over $600 million in crypto bets, with $550 million coming from short positions. Meanwhile, S&P 500 futures moved 0.35% lower in pre-market trade,…