Bitcoin slips below $80,000: Why the ‘Trump rally’ is hitting a wall of profit-taking
Bitcoin BTC$79,512.22 slipped back below $80,000 on Wednesday after a brief breakout attempt, as onchain data suggested the rally was already running into profit-taking pressure. CryptoQuant said bitcoin’s 37% rebound from April lows still looks more like a bear-market rally than a confirmed trend reversal, with realized profits hitting their highest level since December and...
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