Bitcoin has put the brakes on its record-breaking rally after encountering resistance at the $90,000 level. The leading cryptocurrency briefly reached $90,100 on Coinbase during the U.S. afternoon on Tuesday before succumbing to selling pressure. This resulted in a drop to as low as $86,200 during the European morning hours. Despite recovering some ground, Bitcoin settled around $87,500, marking a 2.65% decrease from its recent highs.
Altcoins also experienced significant losses, with Ethereum (ETH) and Solana (SOL) dropping by 3.6% and 2.8% respectively over the past 24 hours. The broader cryptocurrency market, as indicated by the CoinDesk 20 Index, saw a decline of 1.4%.
