Bitcoin Hits Brief All-Time High at $81,309 Before Pulling Back

Bitcoin briefly broke through the $81,300 level on Tuesday, reaching an overnight high of $81,309 before pulling back to $79,234.89 due to selling pressure.

The drop leaves Bitcoin down $2,037.03 or 2.51% over the past five days, but market-wide trading remained active with total liquidations across major exchanges reaching $318.6 million.

Despite the pullback, privacy-focused tokens posted strong single-day gains, led by Dash's 19.24% jump to $50.66 and Zcash's 16.55% gain to trade around $967.

Bullish bets on Bitcoin futures data show traders taking long positions despite the price dip, with a long-short taker volume ratio of 51.4% to 48.5%, indicating bullish sentiment.