Bitcoin drops nearly $7,000 in three days after rejection at $87,000, briefly hits $80,400
Bitcoin pulled back from the $87,000 resistance level and slid by nearly $7,000 over three trading days, briefly touching $80,400. The move was sparked by the U.S. government transferring crypto holdings, including 834 BTC, to Coinbase Prime, stoking fears of a potential sale. During the transfers, BTC fell $2,000 in 20 minutes and was down 6.9% over the period. Analysts had previously pointed to $92,000 as a target if BTC moved beyond $87,000, but selling followed instead.