Bitcoin dips below $103k as Glassnode points to profit takers 📉
Bitcoin experienced a sharp drop below the $103,000 mark after previously surging past $105,000. This reversal is attributed to profit-takers who emerged in the market. Glassnode analysts have pointed to these movements as traders react to recent gains across risk assets, driven by promising trade deal developments. The swift rise and fall of Bitcoin highlights the volatility and sensitivity of the cryptocurrency markets amidst macroeconomic factors.
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