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Crypto

Bitcoin Stalls at $81,000 Amid Fading Altcoin Rally

Guavy AI Editorial Team
Instruments
BTC KAS TAO
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Bitcoin's price has stalled at $81,000 after failing to break through the $81,400 resistance level over the weekend. The cryptocurrency edged down to $79,300 on Monday due to rising U.S. stock futures and the Labor Day holiday.

The altcoin rally that surged over 12% for assets like TAO and KAS has dissipated, leaving the market in a brief period of consolidation. According to Woofun AI, Bitcoin prices fluctuated weakly around $79,300.

The U.S. Labor Day holiday led to a suspension of market trading and a temporary freeze in macro liquidity, contributing to the decline in Bitcoin's price.

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