Bitcoin consolidates near $86,000 as rally and bitcoin cash jumps 32%
Summary
Bitcoin held near $86,379 after Monday’s sharp breakout, up 1.3% over 24 hours, while trading volume fell 36% to $38 billion. The rally showed signs of narrowing: 38 of the CoinDesk 100 constituents were down on the day, though 87 were higher over 24 hours. XRP and Bitcoin Cash gained, while ether and Chainlink were nearly flat or slightly lower. Brent crude slipped below $100 amid hopes of a U.S.-Iran deal; gold and silver also fell, while the dollar strengthened and U.S. equity futures were little changed. Crypto was among the few markets still showing a bid.
