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Bitcoin drops below $88,000 after peaking above $90,000, continuing late December volatility
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Bitcoin surged above $90,000 in Asian trading on Monday before reversing and falling below $88,000, echoing a similar whipsaw two weeks earlier. The drop amid Nasdaq futures weakness dragged altcoins lower, underscoring crypto's stock market ties. Institutional buyer Strategy Inc. meanwhile disclosed a $108 million BTC purchase.
The S&P 500 and Nasdaq closed at record highs on Friday, driven by strong corporate earnings and declining crude oil prices. The indices notched their longest weekly gain streak since October 2024 amid an earnings-heavy week.
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Fast Track Group is expanding its business beyond concert organization into artist management and global tours. The Nasdaq-listed company announced a two-year deal with K-pop group KIIRAS to boost their brand and prepare for international performances. CEO Harris Lim highlighted the move as a way to deepen involvement in the entertainment industry.