Bitcoin Retreats from $87K as Reserve Bill Advances Amid Remittix Payment Push

The Bitcoin price has retreated from its recent high of $87,000 as the U.S. Strategic Bitcoin Reserve bill advances through a House committee.

The reserve legislation is still far from being passed into law and will require further votes before it becomes a reality.

Despite this development, BTC's price dropped to around $83,000 by September 28, while U.S. spot Bitcoin funds attracted approximately $2.39 billion during the September 21-25 trading week.

This gap between strong fund demand and a softer spot price makes the next Bitcoin price prediction more complex than a simple breakout call.