Bitcoin briefly reclaims $82,000, eyes $90,000 on rate cut optimism
Bitcoin surged above $82,000 on Thursday, marking a strong upward move for the leading cryptocurrency. Data from CoinGecko indicated a 4% price rise over the past 24 hours, while monthly gains approached 26%. Despite its rally, Bitcoin approached resistance at the $82,100 level. The latest rally follows several weeks of positive moves across the crypto market. Late in August, the market responded enthusiastically after US President Donald Trump hosted a White House event focused on cryptocurrencies. This development was seen as a signal of growing political support for digital assets, boosting investor confidence.