Bitcoin Retreats After Touching $83,000 as Tech Rebounds
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Bitcoin briefly reached $83,000 before pulling back, tracking a recovery in technology futures led by chip stocks.
Bitcoin touched $83,000 before sellers pushed it lower, leaving the cryptocurrency off its intraday high as technology markets recovered.
Chip stocks led the rebound in technology futures following a 5.5% decline last week. Bitcoin initially rose alongside the recovery before losing ground.
Corporate earnings due this week will offer another test of the artificial intelligence trade, putting technology companies’ results back in focus.
Source: CoinDesk
