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Bitcoin Stalls Near $83,000 as Lighter Token Plummets 17% on Robinhood Perps Plan

Bitcoin Stalls Near $83,000 as Lighter Token Plummets 17% on Robinhood Perps Plan
Bitcoin (BTC) price action has stalled near the $83,000 mark, struggling to gain momentum as broader market uncertainty weighs on the leading cryptocurrency. Meanwhile, the Lighter token suffered a sharp 17% drop following Robinhood's announcement of a perpetual futures trading plan, which analysts suggest could intensify competition in the decentralized derivatives space. Traders are closely monitoring BTC's ability to hold key support levels while assessing the impact of Robinhood's expansion into perpetual contracts on smaller altcoin projects like Lighter.
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