Bitcoin traders are counting on a year-end rally, awaiting a return above the $100,000 milestone. Bitcoin-based investment products are struggling with declining inflows and weaker institutional demand, relative to the beginning of the year.
Bitcoin (BTC) is showcasing strength, trading marginally below $93,000 at the time of writing on Wednesday. Altcoins, including Ethereum (BTC) and Ripple (XRP), are extending mild intraday gains, moving in tandem with Bitcoin and the larger cryptocurrency market.
Solana (SOL) trades at $126 under intense selling pressure, recording a 5% intraday loss by press time on Monday, marking the fifth straight bearish daily candle.