Bitcoin's price dropped below $91,000 on Thursday, driven by unexpected weakness in the Asian trading session. The cryptocurrency fell to $90,084, marking a 2.7% decline. This session, which has been a strong source of buying support since October, failed to maintain Bitcoin's recent rebounds above $94,000.
The decline comes as the Fear and Greed Index stands at 29, indicating a cautious market sentiment, while volatility is measured at 2.47%. The inability of the Asian session to sustain Bitcoin's upward momentum highlights potential challenges in reaching the $100,000 milestone.
Bitcoin Falls Below $91,000 Amid Weak Asian Market Support
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
