menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Bitcoin ra...
source image

Coinjournal

1d

read

135

img
dot

Image Credit: Coinjournal

Bitcoin rally pauses below $110K; profit-taking by short-term holders intensifies

  • Bitcoin slipped to $109,000 amid Memorial Day trading but is up 1.7% in 24 hours.
  • Short-term Bitcoin holders realized $11.4 billion in profits over the past 30 days, intensifying selling pressure.
  • A temporary US delay on 50% EU tariffs spurred gains in crypto and European stocks.
  • Analysts suggest Bitcoin may face a consolidatory phase due to profit-taking by short-term holders, while still projecting an upward trend in the third quarter.

Read Full Article

like

8 Likes

For uninterrupted reading, download the app