Live updates: Bitcoin slips under $86,000 as money rotates into BCH and ZEC
Bitcoin matched Monday's high near $87,300 before running into selling, while citcoin cash surged 28% on a CME futures listing and ZEC added 9%.
Bitcoin rose to near $87,300 before encountering selling pressure. It has since slipped to $86,388.
Bitcoin cash saw a 28% surge following the listing of CME futures, while ZEC added 9%.
According to Investing.com, Bitcoin's recent rally has led to overbought conditions, with an RSI of 72.23 and an MFI of 100, indicating buyer exhaustion.
Brief written by urgent.news from CoinDesk, Investing.com — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
