Bitcoin Falls Below $115K as Traders Take Profits
A significant decline in Bitcoin's price, influenced by profit-taking actions exceeding $3.5 billion over the weekend, has brought its value back down from record highs.
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A significant decline in Bitcoin's price, influenced by profit-taking actions exceeding $3.5 billion over the weekend, has brought its value back down from record highs.
As profit-taking affects the crypto market, Bitcoin's potential reconnection with gold is under scrutiny as traders await a possible Fed rate cut.
Recent data indicates that while Bitcoin trading nears its all-time high, profit-taking among investors remains notably low.
Major liquidations hit the crypto markets with Dogecoin leading the losses as traders take profits amidst a downturn.
Early XRP holders are realizing substantial profits while the token encounters significant resistance around $2.
Recent trends indicate that major cryptocurrencies like Bitcoin and Ethereum are witnessing profit-taking, even as macroeconomic factors show positive changes.
Bitcoin's value drops below $92,000 due to macroeconomic concerns and a surge in profit-taking as the year draws to a close.
Quantitative analysis reveals that the high percentage of profitable bitcoin supply could lead to increased profit-taking, potentially slowing the momentum towards new historic highs.
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