Bitcoin Struggles to Overcome U.S. Trading Hour Sell Pressure
- Bitcoin (BTC) is currently trading at $88,400, up 0.3% in the last 24 hours.
- After dipping below $85,000 late Thursday, BTC climbed back above $89,000 after U.S. markets closed.
- Ethereum (ETH) has bounced to $2,954.16, just shy of $3,000, marking a daily increase of about 1%.
- Solana’s (SOL) price rose to $124.30 as part of an overnight rebound among altcoins.
- Digital asset-related stocks also saw gains with BitMine (BMNR) up nearly 8% and Galaxy Digital (GLXY) increasing around 3%.
The ongoing sell pressure during U.S. trading hours continues to challenge Bitcoin’s price stability as it attempts to break past significant resistance levels above $89,000. This trend reflects broader market dynamics where digital assets are influenced by fluctuations in U.S. equities.
Currently, Bitcoin is holding steady at $88,400 after facing repeated sell-offs during the week.(Source)
