Crypto Markets Today — Bitcoin dips as bearish trend grinds on Bitcoin (BTC) slipped overnight, trading at $87,483.67 after sliding about 1.5% from the high it posted in the early hours of Wednesday. The weakness rippled across the market: the CoinDesk 20 (CD20) index fell 1.6% since midnight UTC, with every member of the index in the red. The pullback continues a downtrend that began in early October, characterized by a series of lower highs. Last week’s attempt to break above $94,700 failed, prolonging the sell-off and keeping pressure on the largest cryptocurrency. To reverse the bearish momentum, bitcoin needs to reclaim key thresholds — trading back above $95,000 and preferably closing above $98,000 — a prospect made harder by the absence of clear year-end catalysts. On the other hand, many assets look technically stretched: the average crypto relative strength index (RSI) sits at 38.49/100, in oversold territory, hinting that a short-term relief rally could be possible before any sustained recovery. Read more AI-generated news on: undefined/news

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