Live updates: Bitcoin’s round trip to $85,000 burns traders on both sides
AI summary
Bitcoin rallied to $85,000 but gave the move back and fell below $82,500 as weak tech earnings soured risk appetite. The round trip punished traders on both sides of the market, with longs and shorts likely liquidated. Monero bucked the drop with an 11% jump, a rare bright spot. Traders should watch whether BTC holds $82,500 as support or the failed breakout extends losses.
