Bitcoin chips away at weekend upside as $80K hangs in the balance

Read original at CoinTelegraph·

Bitcoin chips away at weekend upside as $80K hangs in the balance

60-second summary

Bitcoin slides 2% in thin trading as the U.S. Labor Day holiday erodes momentum, pulling the $80,000 threshold back from bullish reach. The dip reflects low liquidity and profit‑taking after recent gains, prompting traders to watch support levels near $78k. Continued weakness could stall the rally, delaying broader market recovery and price stability concerns.

Bitcoin price fell 2% in low-liquidity conditions as the US Labor Day holiday saw $80,000 once again slip from bulls’ grasp.