Bitcoin Nears $87,000 as Rally Stalls
Bitcoin started the week with another strong move, climbing above $86,000 and approaching $87,000, with the price coming within roughly $500 of that level. Sellers then pushed BTC back below $86,000, marking the second rally this week to stall near a local high. The move was supported by softer U.S. employment data, which increased expectations that the Federal Reserve could adopt a less restrictive policy stance. The 10-year Treasury yield slipped to 5.25%, although it remains close to multi-year highs. The $87,000 area is now a key technical level for Bitcoin. A daily close above it could strengthen the bullish momentum, while another rejection may increase the risk of a pullback. For xbit.money users, the current volatility is important when choosing an exchange timing. Track the latest Bitcoin rate and exchange crypto at the current market conditions.