Bitcoin (BTC) Rejected at $87K Again, Cardano (ADA) Soars 11%: Market Watch

The other notable gainers over the past 24 hours include FET and VIRTUAL. Somewhat surprisingly, following the weekend developments on the Middle East front, BTC’s price soared to $87,000 once again but met the same rejection fate. Most altcoins, though, including ADA, NEAR, DOGE, and HYPE, have posted notable gains over the past 24 hours. Some of the few exceptions are RAIN and QNT. BTC Stopped at $87K Again The primary cryptocurrency has been highly sensitive to macro news lately, including last week’s PCE data, which came out on Wednesday. As the reading showed slowing inflation, BTC skyrocketed from $83,000 to $85,600 within minutes before it was rejected and returned to its starting point. After a quiet Thursday, bitcoin went on the offensive once again on Friday. The weak US jobs report helped the cryptocurrency gain additional traction and pushed it to over $87,000 for the first time in ten days. However, the bears were quick to reemerge. Within the next few hours, BTC crashed below $84,000, leaving nearly $600 million in liquidations. It found some support over the weekend and climbed past $84,000. It continued its gradual ascent on Sunday to $85,000 before surging to $87,0...