BTC Faces 3.64% Drop to $86,240 as Institutional Trading Fuels Volatility After Resistance Rejection

BTCUSDT experienced notable volatility over the past 24 hours, with the price falling by 3.64% to 86,240.72 USDT on Binance. This decline is attributed to a recent market pullback, with Bitcoin seeking support near the $85,000 level after a downward trend during U.S. trading hours and a rejection from the $93,500 resistance earlier in the week. Mixed market sentiment, including divided analyst opinions and increased institutional trading activity, contributed to fluctuating prices.

Currently, BTCUSDT is trading at 86,240.72 USDT on Binance, with a 24-hour trading volume of 1.71 billion USDT and a circulating supply of 19,962,262 BTC. The asset remains volatile, with prices ranging from approximately 85,133.6 USDT to 90,638.2 USDT across major exchanges, and a market capitalization of around $1.79 trillion.