Bitcoin struggled to hold the $80,000 level as market attention also turned to a pullback in gold. Cointelegraph reported that Bitcoin bulls were contesting control of the key price zone, while gold retreated from levels last seen at its highest since mid-May. The moves came alongside falling US bond yields. Bitcoin and spot gold therefore remained in focus across cryptocurrency and commodity markets, with price action centered on whether Bitcoin could regain or retain the $80,000 area and whether gold’s recent strength would continue after its retreat. The report provided no further detail on the size or duration of either move. BTC is the relevant crypto asset, while XAU spot represents the gold market.
Source
Cointelegraph
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