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Crypto selloff accelerates, sending bitcoin back to $91,000
Source: CryptoNewsNet Original Title: Crypto selloff accelerates, sending bitcoin back to $91,000 Original Link: Bitcoin BTC is trading at $91,304.93 and most other digital assets headed lower in U.S. trading on Wednesday, extending overnight losses. At press time, bitcoin was down 3% over the past 24 hours at $91,100.
The CoinDesk 20 Index, which tracks the top 20 crypto assets, is trading nearly 4% lower over the same period, led by XRP, which is down over 8%. Ether ETH is down 3.6%, showing no boost from Wall Street giant Morgan Stanley’s move to offer a spot ETH ETF.
The crypto selloff comes as the Nasdaq heads higher by 0.5%, but precious metals pull back from recent large gains, with gold down 1% and silver off 5%.
Digital asset treasury (DAT) stocks are also not receiving a significant boost from Tuesday evening’s announcement that they will not be excluded from indexes for now. While some assets show modest gains of 1%, most of the rest of the sector is lower, with several assets down between 2% to 6%.