Bitcoin zooms toward $87,000, nearly setting an eight-month high, then reverses - CoinDesk

Key Summary

Bitcoin surged toward $87,000, nearly reaching its eight-month high, before reversing. The price drop came after a 22% increase in the past week, with Bitcoin reaching $83,191 on Monday. This represents a $4,000 gain in the past two weeks. Despite the reversal, Bitcoin remains up 30% year-to-date, and its market capitalization surpassed $1.3 trillion.