Bitcoin hits $83,000 before slipping back as tech futures rebound
CIE News ·
Based on reporting by CoinDesk; not yet independently confirmed.
Bitcoin reached $83,000 before pulling back as sellers reacted, CoinDesk reported. The price move coincided with a bounce in tech futures and a 5% decline in the Cboe VIX.
Bitcoin (BTC) tagged $83,000 before pulling back under selling pressure, according to CoinDesk. The move occurred alongside a rebound in tech futures, which had dropped 5.5% the prior week, amid volatility connected to earnings reports for artificial intelligence firms. Meanwhile, the Cboe Volatility Index fell 5% to hover just below 19 after spiking by more than 20% on Friday.
Key facts
- BTC touched $83,000
- Tech futures dropped 5.5% prior
- Cboe VIX down 5%
- VIX hovering below 19