Bitcoin Reverses Earlier Gains Ahead of U.S. Data

Bitcoin fell back below $90,000 after failing to sustain gains above this level in the previous session when positive broad-based risk appetite boosted the cryptocurrency.Investors are turning cautious ahead of a batch of U.S. data later that have the potential to alter expectations for interest-rate cuts by the Federal Reserve.Reduced trading activity during the holiday-shortened week could also lead to increased volatility. The data include third-quarter economic growth data and durable goods orders, indu ...