Bitcoin Dips Below $90,000 After Fed Cut Widens Stocks Split

Bloomberg Bitcoin slipped in Asia trading hours while other risk assets gained after the US Federal Reserve cut interest rates and expressed optimism about the economy. The original cryptocurrency fell as much as 3.2% to briefly dip below $90,000 on Thursday, down from an intra-day high of $94,490 the day before, according to data compiled by Bloomberg. Smaller tokens also retreated, with Ether shedding as much as 5.2% of its value. Most Read from Bloomberg Bitcoin later recovered some of that ground t ...