Bitcoin remains coiled under $88,500 as gold tops $5,000, silver gives back gains

Bitcoin traded lower alongside most major tokens as investors favored gold and silver ahead of the Federal Reserve decision and a heavy week of Magnificent Seven earnings. What to know : Bitcoin slipped to about $88,400 in early-week trading, extending a roughly 4 percent decline over the past week as major cryptocurrencies softened. The token’s underperformance versus rising equities and surging gold underscores that crypto is trading more like a high-beta risk asset than a safe-haven hedge. Traders are cautious and volumes muted ahead of Wednesday’s Federal Reserve decision and a wave of Big Tech earnings, events seen as key catalysts for bitcoin’s next move.(Coindesk)