Crypto
Bitcoin retreats after 12-week high, fails again near $79,000
Bitcoin briefly reclaimed a 12-week high of $79,399 but fell back in Asian trading and failed to retake $80,000. It was last down 2.09 percent over 24 hours at about $77,700. Analysts flagged $80,000 as a level where selling often emerges as underwater positions are closed. Major altcoins also weakened. Funding rates in perpetual futures remained negative, leaving room for a short squeeze if spot prices hold above breakeven levels.
