Bitcoin fell below $83,000 as AI jitters and Middle East tensions hit risk assets, even with $1.1B of net inflows into US spot ETFs this week. Options on Deribit still favor downside protection, and E

What happened: Bitcoin fell below $83,000 Thursday, giving up the previous session's gains even as investors returned to US spot exchange-traded funds. Key numbers: Bitcoin fell as much as 2.4% in early Asia trading, around $82,700 as of 1 p.m. in Singapore. Why it matters: The retreat coincided with pressure on risk assets from mixed technology earnings and Middle East tensions. Caroline Mauron of Orbit Markets expects $85,000 to be retested with limited conviction, while Pratik Kala of Apollo Crypto said the next move is expected to be higher. Coverage: 4 outlets in 24h

Bitcoin fell below $83,000 Thursday, giving up the previous session's gains even as investors returned to US spot exchange-traded funds.

The retreat coincided with pressure on risk assets from mixed technology earnings and Middle East tensions. Caroline Mauron of Orbit Markets expects $85,000 to be retested with limited conviction, while Pratik Kala of Apollo Crypto said the next move is expected to be higher.