Bitcoin retreats from eight-month high after dizzying 13% rally
The rapid move back above US$80,000 has traders betting the bear phase is over, with momentum bringing sidelined capital back in and lifting prices.
Bitcoin has retreated from an eight-month high following a rapid 13% surge over four days. The digital currency now trades around $85,500, up about $10,000 from last week's lows, despite falling short of its record high of $126,000 set in October. Analysts suggest this bounce may be driven by liquidity inflows rather than genuine market conviction.
The rapid move below the $80,000 mark has traders believing the downtrend may be ending, but there's concern that a broader market wobble could put pressure on Bitcoin. Despite recent regulatory clarity and positive market sentiment, including a positive signal from the SEC and falling oil prices, Bitcoin remains below its 2026 high and faces challenges from competing AI investment opportunities.
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- Bitcoin retreats from eight-month high after dizzying 13% rally freemalaysiatoday.com
