Bitcoin Touches $81,455 and Retreats; Altcoins Remain Steady

TL;DR
- Bitcoin touched $81,455, its highest since May 15, before retreating toward $79,850 after gaining roughly 26% since the Treasury’s August 19 bond buyback announcement.
- Altcoins mostly consolidated, with the Altcoin Season index at 34/100, while Solana and Zcash slipped and Monero posted a modest gain.
- Futures open interest stayed above $140 billion as volume rose to $222 billion, while shorts held 51% of taker flow and options traders favored calls.
Bitcoin briefly touched $81,455 overnight on Friday, its highest level since May 15, before retreating toward $79,850 and slipping roughly 0.5% over 24 hours. The move extends a powerful rebound that has lifted BTC about 26% since the U.S. Treasury announced its bond buyback program on August 19. The immediate puzzle is whether Bitcoin can turn a three-month high into a durable breakout. The $82,800 area, where price was rejected in May before sliding toward $57,000, now stands as the next major level traders are watching closely for confirmation of renewed upside momentum this week.
… Continue reading the full article at the original source below.

