Bitcoin Fails Again to Break Through $85,000, Price Falls Below $82,000

Amid inflation concerns, Bitcoin previously dipped below $80,000 before quickly rebounding by nearly $3,000. Prices fluctuated over the weekend, at one point falling below $81,000.

Since the start of this week, bulls have tried to push the market higher. Bitcoin first broke above $83,000 and then surged to nearly $85,000 on Wednesday, reaching a two-week high. However, the upward momentum failed to hold, and prices quickly fell back below $83,000 within hours, then dropped below $82,000.

Bitcoin's market capitalization currently stands at around $1.64 trillion, while its market dominance remains at about 60%.
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