Bitcoin Traders See Signs of Selloff Easing as Token Steadies

The intense selling pressure that has weighed on Bitcoin in recent weeks looks to be easing, raising hopes that the token’s brutal slide is nearing an end.

The original cryptocurrency hovered around $88,000 on Tuesday, recovering from a slump that consigned it to a seven-month low, triggered massive liquidations and erased more than $1 trillion in value from the broader digital-asset market.