Bitcoin (BTC) Slips Below $85,000 As Rally Loses Momentum

Bitcoin’s latest rally has lost momentum after reaching a high of $87,397 on Monday (September 21). The price pulled back sharply after stronger-than-expected PMI data pushed Treasury yields higher and flushed $125.9 million in long positions.

The flagship cryptocurrency is currently trading around $83,698, down 2.58% over the past 24 hours.

Bitcoin (BTC) Pulls Back After $87,000 Rejection

This article was originally published as Bitcoin (BTC) Slips Below $85,000 As Rally Loses Momentum on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.