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Bitcoin Faces Key Support at $80,537 as Crypto Markets Struggle
Bitcoin's bullish trend faces pressure as it hovers at $80,537, with institutional buying countered by selling pressure from Asia-based exchanges.
Bitcoin is currently navigating through a crucial support level at $80,537, with its bullish outlook at risk. Despite strong demand from institutions, the cryptocurrency market remains under pressure due to selling activity from Asia-based exchanges and miner stress. Bitcoin is holding stronger than altcoins, but the market remains vulnerable, with Bitcoin's price fluctuation closely tied to today's U.S. inflation data, which is expected to act as a significant market trigger.