Bitcoin has dropped below the $90,000 mark, falling approximately 3% to $88,901 amid mixed performance in U.S. markets.
This decline represents a 47% retracement of Bitcoin’s post-election rally that ran from November 5 to its record close on December 17.
Despite this selloff, market analysts note that from a technical perspective, Bitcoin remains in relatively strong territory, with the current correction not yet reaching key Fibonacci retracement levels.
Original Source: MarketWatch
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