Bitcoin Slips Below $90K
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Bitcoin Slips Below $90K
Bitcoin slipped below the $90,000 level on Thursday as the early-January rebound cooled, even though the broader macro backdrop remains supportive. The pullback came alongside heavy outflows from U.S. spot bitcoin ETFs, which recorded roughly $480 million in net withdrawals, marking the second straight day of losses this year.
Despite the dip, bitcoin is still up more than 3% on the week. Ether declined around 3% on the day but remains higher over seven days, while Dogecoin continues to outperform with gains above 20% for the week. XRP lagged among major tokens, falling on the day but holding strong weekly gains.
The moves reflect shifts in traditional markets. Global government bonds rallied, pushing U.S. yields lower as weaker economic data increased expectations that the Federal Reserve could cut rates later this year. Easier policy expectations tend to support risk assets like crypto, but Thursday’s drop showed traders remain cautious and sensitive to shifts in flows and sentiment.
