Bitcoin Slides as Wall Street Risk Pullback Tests Bullish Turn

What happened: Bitcoin fell as much as 2.3% toward the lower end of its recent trading range, caught in a broader retreat from risk assets even as crypto analysts turned more bullish. Key numbers: Bitcoin traded around $81,500. Nasdaq 100 dropped as much as 2%. Dollar hit its highest level since May 2025. Why it matters: Hotter inflation data and a chipmaker selloff hit appetite for speculative trades, cutting against a sharp shift in crypto sentiment. Bitwise's Matt Hougan said he thinks a bottom was put in June and the year will likely end higher.

Bitcoin fell as much as 2.3% toward the lower end of its recent trading range, caught in a broader retreat from risk assets even as crypto analysts turned more bullish.

Hotter inflation data and a chipmaker selloff hit appetite for speculative trades, cutting against a sharp shift in crypto sentiment. Bitwise's Matt Hougan said he thinks a bottom was put in June and the year will likely end higher.