Crypto: Bitcoin Sells Off Into Weekly Close As Bulls Face $86k BTC Price...

Bitcoin began losing gains as US futures prepared to open as markets geared up to deal with a host of potential downside volatility catalysts.

Bitcoin (BTC) saw multiday lows into Sunday’s weekly close as bulls faced a week of macro uncertainty.

Bitcoin heads lower as market nerves about upcoming macroeconomic volatility catalysts boil over.

Downside risks firmly outweigh the odds of upside, BTC price analysis says.

A potential bullish divergence against silver offers a glimmer of hope.

Data from TradingView tracked 1.6% losses for BTC/USD, which reached $87,471 on Bitstamp.

Long positions made up the majority of 24-hour crypto liquidations, which passed $250 million, per data from CoinGlass.

Trading resource The Kobeissi Letter attributed market weakness to the prospect of another US government shutdown in the coming days.

BREAKING: Bitcoin falls below $88,000 as $60 million worth of levered longs are liquidated in 30 minutes.A government shutdown is now expected and President Trump has threatened 100% tariffs on Canada.US stock market futures will open in less than 7 hours. pic.twitter.com/40GxrMdRTI

“Buckle up for a huge week ahead,” it told X followers, further highlighting President Donald Trump’s tariff threats on Canada, macroeconomic data releases and the Federal Reserve’s decision on interest rates.

Source: CoinTelegraph