Bitcoin sank deeper below $100,000, driven by a new wave of risk aversion and a selloff in tech stocks that reignited nervousness on Wall Street.
The digital currency fell 3.9% to $97,956, intensifying a fall that has wiped out more than $450 billion in value since early October. Once-reliable sources of support – including large investment funds, ETF allocators and corporate treasuries – have retreated, removing a key part of this year’s recovery and triggering a new phase of market fragility.
