Bitcoin Tops $87,000 Intraday Before Closing at $84,510.80
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Bitcoin failed to hold above $87,000 after rising following the US employment data. The price fell below $84,000 within hours, mirroring losses in altcoins. The sharp market shifts led to increased liquidations in leveraged trades.
Bitcoin retreated again after surpassing the $87,000 level on Friday. The leading cryptocurrency was trading at $84,561 on Saturday morning, as the market watched for new regulatory proposals from the US Securities and Exchange Commission (SEC).
Bitcoin reversed its direction downwards after testing above $87,000 on Friday. Falling to $84,561 on Saturday morning, attention is now focused on the SEC's new crypto regulations, which could open the door for institutional investors.
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