Bitcoin Falls Below $86,000 to $85,865 on Binance Spot Market
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Bitcoin fell in Asian trading as expectations of interest rate hikes in the US supported the dollar and geopolitical tensions continued in the Middle East. Bitcoin is currently trading at $85,339.35, down 0.5% from yesterday...
Bitcoin has fallen below $86,000, influenced by a strong dollar and rising US bond yields. While institutional buying and a recovery inflows into spot Bitcoin ETFs continue, selling pressure following recent gains is weighing on the price.
Bitcoin has fallen below $86,000 under pressure from a strong dollar and rising US Treasury yields. While corporate buying and a recovery inflows into spot Bitcoin funds continue, selling pressure is evident near recent highs. The market is watching the $87,000-$87,500 range. A sustained break above this level could support a rise to $90,000; in the event of a pullback, the $84,000-$85,000 range is key.
Mixed dynamics were recorded across major assets in the cryptocurrency market over the past 24 hours
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