Bitcoin Slips to $81,533, Breaking Below 50-Day Moving Average
- —BTC trades at $81,533, down 3.55% over 24 hours
- —Trading volume climbed 29.3% to $35.44 billion amid selling
- —Price broke below the 50-day moving average of $80,786 and $82,614 Fibonacci level
- —Glassnode puts corporate BTC cost basis at roughly $80,000
Why it matters: A drop below $80,000 could push corporate treasuries into losses and add selling pressure to the market.
Source: The Crypto Times