Bitcoin stalls near $83,000 while lighter drops 17% on Robinhood perps plan
- Bitcoin slipped 0.57% since midnight UTC to $83,164, with CoinDesk 100 constituents split 50-50. The DeFi index lost 2.3% over 24 hours as aave gave back 4.4%.
- Lighter has fallen 17% over 24 hours after Robinhood said it will offer crypto perpetual futures to U.S. customers through its own derivatives arm.
- Traders await PCE inflation data before the U.S. open, after the 30-year Treasury yield crossed 5.6%, its highest since June 2002.
Bitcoin BTC$83,889.14 traded at $83,164 in the European morning, down 0.57% since midnight UTC while the rest of the crypto market was mixed, with 50 constituents of the CoinDesk 100 higher and 50 lower.
The 24-hour pictures is weaker as bitcoin lost around 1%, falling from a peak of $84,400 during Tuesday’s U.S. session. The CoinDesk DeFi index (DFX) fell 2.3%, the worst performance in the index family, as aave AAVE$160.47 retreated 4.4% after leading Tuesday's gains with an 11% jump.
Traditional markets were firmer, with S&P 500 futures up 0.27% and the Stoxx 600 up 0.74% in morning trade. That came even after the 30-year Treasury yield crossed 5.6% on Tuesday, its highest since June 2002, and the 10-year reached a fresh 2007 high near 5.3%, according to CNBC. Brent crude traded at $96.43 after falling on Tuesday, well below the $100 level that accompanied Monday's crypto selloff.