Bitcoin slides to April lows as crypto diverges from record-chasing U.S. equities

Bitcoin's failed breakout above $83,000 is looking increasingly like a bear market signal, even as S&P 500 and Nasdaq futures notch gains and approach all-time highs. What to know : Bitcoin's rejection above $83,000 has compounded a pattern of lower highs stretching back to October. Derivatives markets are sending mixed signals: Implied volatility has compressed to its lowest since September, suggesting traders expect near-term calm, yet one-week put-call skew has crept higher, meaning demand for downside protection is building. Stellar (XLM) was the standout performer, surging 25% in 24 hours after DTCC announced plans to connect its tokenized securities platform to the network. Bitcoin cash shed 7.2% and is now down 20% for the week.(Coindesk)