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via Decrypt · By Decrypt Editorial
Bitcoin Dips Below $80K as Analysts Say Profit-Taking Is on the Rise
BTC
BTC/USDT
$65,034.70
+1.62%
$65,034.70
+1.62%
(24s)24h Volume
$12,206,742,749.72
24h H/L
$65,409.56 / $63,907.85
Change: $1,501.71 (2.35%)
Long/Short
58.0%
Long: 58.0%Short: 42.0%
Funding Rate
+0.0056%
Longs pay
Data provided by COINOTAG DATALive data
DE
Decrypt Editorial(06:22 PM UTC)
1 min read
In brief
- Bitcoin's rally stalled on Thursday as the top crypto asset fell below $80,000.
- Analysts at CryptoQuant note that the asset's recent rise has led to increased profit taking for traders.
- While it may take time to realize, the report indicates that a correction could come as the bear market continues.
Bitcoin rallied to nearly $82,500 on Wednesday for the first time since January—but…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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