Bitcoin Rejected at $87K Despite Soft PCE and Jobs Data as QNT, NIGHT Explode: Weekly Crypto Recap

It was another major week for the crypto market, which ended with what was supposed to be good news for risk-on assets, but it hasn’t delivered the expected outcome for now.

First, let’s explore what happened at the end of the previous business week when BTC tried to take down the $85,000 resistance but was halted in its tracks. The subsequent rejection drove it south by two grand within minutes. Nevertheless, the asset recovered some ground over the weekend and challenged the same resistance on Monday morning.