Driven by the positive macro developments on the US economic scene during the business week, bitcoin experienced an impressive rally on Friday to over $87,000 for the first time in about ten days.
However, its run was stopped just as fast, and the asset plummeted by several grand within hours. It slumped below $84,000 on Friday evening, leaving nearly $600 million worth of liquidations across the entire market. Popular analyst Ali Martinez believes this rally was doomed from the start.