Bitcoin rally hopes dashed as China eases stimulus plans

September's rally in Chinese stocks fizzled on Tuesday as traders returned to the market after a week-long holiday, and Bitcoin (BTC) slipped in early Asian trading as broader market investors reacted.

Bitcoin fell to $62,000 in late U.S. trading on Monday before rallying to $62,700 in early Asian trading, erasing nearly all of its gains over the seven-day period. Solana's main tokens — SOL (SOL), Ether (ETH), XRP (XRP), and BNB (BNB) — fell 4%, erasing Monday's gains.