Bitcoin Retreats From $87,000 as CFTC Announces Digital Asset Rulemaking

Bitcoin pulled back toward $86,000 after failing to break technical resistance near $87,000, marking its fourth rejection at that level since late September. The pullback followed an intraday high of $86,969 and a drop to around $85,200, triggering more than $109 million in Bitcoin liquidations and $238 million across the wider crypto derivatives market. Amid the price action, the Commodity Futures Trading Commission issued an Advance Notice of Proposed Rulemaking for digital asset transactions with a 60-day public comment period, while rising U.S. Treasury yields and upcoming macroeconomic data continue to influence trading.