Bitcoin Eyes First Two-Day Drop of 2023 as Microsoft Dents Mood – Bloomberg

Bitcoin is flirting with its first back-to-back drop since the start of the year following a poor revenue outlook from technology bellwether Microsoft Corp. that dented wider investor sentiment.

The largest token fell as much as 2.5% and was trading at about $22,380 as of 9:26 a.m. in Singapore on Wednesday after edging lower in US hours. A range of smaller coins, from Ether to Cardano to Avalanche, were also in the red.