Bitcoin faces resistance at $87,300, slipping below $86,000, while Bitcoin Cash leads the altcoin market with a 28% gain driven by a CME futures listing announcement.
Bitcoin slipped under $86,000 after failing to hold near $87,300, indicating repeated selling pressure at that level.
Bitcoin Cash surged 28% following the announcement of a CME futures listing, boosting market interest and demand.
Zcash added 9% as money rotated from Bitcoin into alternative cryptocurrencies, reflecting positive momentum.
Bitcoin retreated below the $86,000 level after failing to sustain momentum near $87,300, signaling persistent selling pressure. Conversely, Bitcoin Cash rallied 28% following the announcement of a new CME futures listing, while Zcash gained 9% amid a broader rotation into alternative digital assets.
Bitcoin Cash surged 28% primarily due to the announcement that it will be listed on the CME for futures trading.
Bitcoin is currently facing selling pressure near the $87,300 resistance level, causing it to slip back under $86,000.