PI Price Jumps While Bitcoin Fights Resistance at $86K
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Bitcoin’s inability to stage a notable recovery continued in the past 24 hours ,as the asset was stopped at $88,000 and pushed south by around two grand.
Most larger-cap altcoins are quite sluggish, with ETH slipping to $2,900, while XRP has defended the $1.90 support.
BTC Falls to $86K
Recall that just a week ago, before and after the Fed’s decision to lower the interest rates, BTC’s price was riding high as it challenged $94,500 on a couple of occasions. However, the subsequent rejections, especially the second one, brought a lot of pain and uncertainty for the asset.
It first fell to $90,000 but managed to defend that level by the end of the business week and during most of the weekend. It slipped to $88,000 on Sunday but quickly rebounded to $90,000.
The landscape changed for the worse on Monday afternoon when bitcoin suddenly plunged by more than four grand to just over $85,000. It rebounded to $88,000 yesterday but was stopped there and now struggles to remain above $86,000.
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