Bitcoin reverses early gains, drops below $88,000 as Nasdaq futures wilt

Bitcoin (BTC) reversed gains made earlier in Asia, puncturing nascent recovery rallies in major alternative cryptocurrencies. The leading cryptocurrency by market value dropped below $88,000, having peeped above $90,000, CoinDesk data show. Major altcoins including XRP (XRP), ether (ETH), solana (SOL) and dogecoin (DOGE) also retraced their adances. The CoinDesk 20 Index (CD20) pulled back to 2,726, roughly where it was in early Asia before it popped to 2,789. The decline is consistent with weakness in ...