Live updates: Bitcoin falls back to $82,000 after inflation rises more than forecast
BTC when published $83,345Now $80,617 ▼ −3.27% since it was published
A brief spike to $84,000 early Wednesday faded within the hour, leaving bitcoin down 0.5% at about $83,200. It’s still boxed between its 50-day moving average near $81,000 and a ceiling at $84,000. The 50-day moving average is bitcoin’s average closing price over the past 50 days, and traders watch it for the medium-term trend. Buyers defended it on Tuesday, when bitcoin bottomed near $81,000, but they haven’t managed to push the price through $84,000 since. ZEC and TRX were the only gainers among the majors, up about 1%. HYPE was the laggard, down 2% to about $81.
First reported by CoinDesk. This page is a short excerpt; the full text is theirs.
