Bitcoin Retreats Below $82K After Rebound Hits Resistance
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Bitcoin recovered from Sunday's $80,595 low to briefly top $83,000 on Monday, but the advance faded as the price met resistance.
Bitcoin climbed more than $2,000 on Monday, briefly trading above $83,000 after falling to $80,595 on Sunday. The rebound eased concerns about a sharp start-of-week market sell-off.
The recovery stalled around $83,000, with bitcoin subsequently slipping below $82,000. Its market capitalization stood at roughly $1.64 trillion.
Bitcoin.com News also flagged exchange-traded fund outflows as a concern, though the supplied report excerpt did not specify their size or timing.
Source: Bitcoin.com News
