Bitcoin zooms toward $87,000, nearly setting an eight-month high, then reverses
Summary
Bitcoin rose to nearly $86,950 on Monday, approaching its eight-month high near $87,400, before retreating to just under $86,000. It gained 1.3% over 24 hours, while DOGE rose more than 3%; other major tokens posted smaller gains or were flat. The rally followed softer U.S. jobs data that reduced pressure on the Federal Reserve to raise rates, alongside gains in global equities. Bitcoin has now twice stalled below its late-September peak. A daily close above $87,000 would signal a possible break through that resistance.
