Bitcoin zooms toward $87,000, nearly setting an eight-month high, then reverses
60-second summary
Bitcoin surges toward $87,000, narrowing to within $500 of its late‑September peak before sellers drive it back below $86,000, marking a second weekly rally that stalls. The price bounce reflects renewed buying pressure, yet the swift reversal signals lingering volatility. Traders watch the move as a test of momentum, influencing short‑term market sentiment for crypto investors worldwide today.
Bitcoin came within about $500 of its late-September peak before sellers pushed it back under $86,000. It's the second rally in a week to stall.