Bitcoin Fails to Break 200-Day Moving Average, Retreats Below $81,000 on Wednesday

BTC-2.63%
According to ChainCatcher, on Wednesday (May 6), Bitcoin failed to break above its 200-day simple moving average at approximately $83,300 and retreated below $81,000. Meanwhile, the broader crypto market weakened, with CoinDesk's smart contract platform index declining over 2% in the past 24 hours, marking the weakest performance among major sectors.
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