Bitcoin Price Slips Over 5% After Hitting New All-Time High

Share via:


The Bitcoin price rally cooled off in the last 24 hours, with the price dropping more than 5% after reaching a new all-time high of $123,231. This pullback comes as many investors decided to lock in profits at record levels that pushed to $116,700, when writing. 

While the market still appears structurally bullish, recent data and insights suggest a short-term consolidation might be underway before continuing another leg up.

Profit-Taking Drives Market Pullback In Bitcoin Price Chart

According to on-chain data from Glassnode, the correction strongly…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Bitcoin Price Slips Over 5% After Hitting New All-Time High


The Bitcoin price rally cooled off in the last 24 hours, with the price dropping more than 5% after reaching a new all-time high of $123,231. This pullback comes as many investors decided to lock in profits at record levels that pushed to $116,700, when writing. 

While the market still appears structurally bullish, recent data and insights suggest a short-term consolidation might be underway before continuing another leg up.

Profit-Taking Drives Market Pullback In Bitcoin Price Chart

According to on-chain data from Glassnode, the correction strongly…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

How Much Is Apple TV? Your Ultimate 2025 Guide...

If you’re asking how much is Apple TV, the...

How to Set Up Apple Pay: The Ultimate 2025...

If you’re searching for the easiest way to learn...

Chinese firms scramble to buy Nvidia AI chips as...

Chinese firms are scrambling to buy Nvidia H20...

Popular

Upcoming Events

IPTV Portugal iptvdfgdfs iptvdfgdfs iptvdfgdfs iptvdfgdfs
IPTV IPTV IPTV IPTV IPTV IPTV IPTV