According to Cointelegraph, Bitcoin briefly reached $87,000 following the release of U.S. nonfarm payrolls data that came in weaker than expected, which contributed to a decline in Treasury bond yields. The price movement occurred as market participants reacted to the economic indicator while order-book dynamics limited further upward momentum.
The drop in bond yields reflects the impact of the softer payroll figures, prompting some investors to shift toward risk assets, including Bitcoin. However, despite the short‑term rise to $87K, buying pressure encountered resistance from the order book, preventing BTC from achieving new macro‑level highs at that moment.
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