BTC just fell below the $88,000 mark; the price is currently around $87,974.30, down 3.79% on the day.
The development, which took place on December 1, saw increased short-term volatility in the cryptocurrency market as the round $88,000 threshold was breached.
- BTC lost the $88,000 mark.
- Current price is $87,974.30.
- Down 3.79% for the day.
Current BTC price
BTC is trading at $87,974.30, down 3.79% from the start of the day.
A drop below $88,000 highlights short-term selling pressure. The roundabout is often a key psychological zone; a break could increase volatility due to stop-loss orders being triggered and traders repositioning.
Observation threshold
The $88,000 threshold has just been breached.
Investors should monitor the price reaction around $88,000 to assess the possibility of a short-term recovery or an extension of the decline. The amplitude and speed of change in the day are signals of liquidation and risk, especially when fluctuating around round marks like $88,000.
