Bitcoin spikes to $86,600 then quickly retreats to $85,500
- —BTC spiked to $86,600 and slid back to $85,500, up about 0.6% in 24 hours
- —Intraday range for BTC was $85,200–$86,950, a swing of nearly $1,800
- —Cardano gained almost 10% to $0.27 as short sellers were forced to cover
- —The $87,000 level held again, with heavy selling pressure near recent highs
Why it matters: Without a convincing break above $87,000, bitcoin stays range-bound, and ADA's rally may fade without a confirmed catalyst.
Source: Crypto Insiders