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Bitcoin Rally Stalls at $83K as ETF Outflows Raise Concerns

News.Bitcoin.com
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Bitcoin Rally Stalls at $83K as ETF Outflows Raise Concerns

Bitcoin rebounded over $2,000 on Monday from a Sunday low of $80,595 to peak above $83,000, dispelling fears of a “Black Monday” market crash. However, the rally lost momentum at $83,000 resistance, settling under $82,000 with a $1.64 trillion market cap. Bitcoin Bounces Above $83K as ‘Black Monday’ Fears Fade Bitcoin staged a recovery […]

Key Takeaways

  1. Bitcoin rebounded over $2,000 on Monday from a Sunday low of $80,595 to peak above $83,000, dispelling fears of a “Black Monday” market crash.
  2. However, the rally lost momentum at $83,000 resistance, settling under $82,000 with a $1.64 trillion market cap.
  3. Bitcoin Bounces Above $83K as ‘Black Monday’ Fears Fade Bitcoin staged a recovery […]
Read Full Article on News.Bitcoin.com

Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.