Bitcoin tumbles back below $88,000 as gains evaporate as quickly as they formed

Crypto markets suffered major whipsaw action in morning U.S. trade, with bitcoin (BTC) in the space of a few minutes rallying from around $87,000 to above $90,000 and then back to the $87,000 area. The largest crypto was recently trading at $87,300, down by 0.5% over the past 24 hours after being higher by more than 3% minutes earlier. The quick decline happened alongside sharp losses for artificial intelligence-related  stocks, with Nvidia, Broadcom and Oracle suffering 3%-6% drops. The tech-centric Na ...