Bitcoin drops more than 5%, giving back all of its new year gains as traders stay on ETF watch – CNBC

The decline comes after the Nasdaq suffered its worst day since October as traders exited tech stocks after they led gains in 2023. Stocks fell Wednesday, but bond yields rose. “TradFi assets stumbled at the gate in 2024, which may have contributed to increased risk aversion,” said Zach Pandle, director of research at Grayscale Investments. […]