"After hitting a peak of $82,458 late Sunday, bitcoin spent the afternoon of Monday testing resistance near $82,000. Bitcoin peaked at $82,458 on Sunday before retreating and consolidating under $82,000. Nearly $135 million in bitcoin positions were liquidated as Trump's rejection of Iran's deal flattened markets. Bitcoin carried the momentum that saw it reclaim the $80,000 threshold and reach a peak of $82,458 late Sunday into the new working week, holding above $80,500 for much of Monday morning."
"Data show that bitcoin began Monday, May 11, at just below $80,700 and steadily rose before meeting resistance at $81,250 at 9:20 a.m. EDT. The top cryptocurrency then erased all morning session gains in just over an hour, plunging to $80,536. However, this price action was followed by another sharp ascent that saw bitcoin peak above $81,840 around 12:20 p.m. EDT. At the time of writing (1:44 p.m. EDT), bitcoin was still above $81,500 and appeared poised to test the $82,000 resistance again."
"Despite the volatility, bitcoin was up 0.3% over 24 hours and by less than 2% over seven days. The marginal increase saw its market capitalization jump to approximately $1.64 trillion. Over 24 hours, nearly $135 million in leveraged positions on bitcoin were liquidated, with long bets accounting for $88 million. Meanwhile, bitcoin's marginal increase mirrored that of key Wall Street equities, which were mostly flat after closing Friday with big gains."
"Markets were seemingly weighed down by geopolitical tensions in the Middle East, which appeared to rise after President Donald Trump described Iran's latest peace agreement proposal as unacceptable. The US President's remarks set the stage for another jittery we"
Bitcoin peaked at $82,458 late Sunday and retreated to consolidate below $82,000 on Monday. The price started near $80,700, rose to resistance around $81,250, then fell quickly to about $80,536. Bitcoin later surged again, reaching above $81,840 around 12:20 p.m. EDT, and was above $81,500 by 1:44 p.m. EDT, suggesting another attempt at $82,000 resistance. Nearly $135 million in leveraged bitcoin positions were liquidated over 24 hours, with long positions accounting for $88 million. Bitcoin was up 0.3% over 24 hours and under 2% over seven days, with market capitalization around $1.64 trillion. Geopolitical tensions in the Middle East weighed on markets after Trump rejected Iran’s deal proposal.
Read at news.bitcoin.com
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