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Bitcoin Dives Below $85K Amid Stronger Than Expected Economic Data

Guavy AI Editorial Team
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BTC
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Bitcoin's recent price surge has come to an abrupt end as it slipped below $85,000. The flagship cryptocurrency peaked at $87,397 on Monday (September 21), but its rally lost momentum after stronger-than-expected PMI data led to higher Treasury yields and a sell-off of long positions worth $125.9 million.

The price pullback was significant, with Bitcoin currently trading around $83,698, down 2.58% over the past 24 hours.

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