Bitcoin retreats as record rally spurs profit-taking
Main Idea
Bitcoin experienced a decline as traders took profits following a record-breaking rally that pushed its price above $120,000.
Key Points
1. Bitcoin (BTC-USD) fell on Tuesday, declining as much as 3.2%.
2. The drop was attributed to traders booking profits after a significant rally.
3. The cryptocurrency had previously reached a record high, surpassing $120,000.
Description
More on Bitcoin USD Bitcoin Still Looks Like The Smartest Bet In Crypto, Even At These Highs Bitcoin: Lightning Strikes Twice (Technical Analysis) (Rating Upgrade) Amid Fresh Bitcoin All-Time Highs, Bearish Signals Are Mounting Bitcoin more than doubles Y/Y. What's behind the rally? Bitcoin soars past $120K for the first time
$BTC
$111293.9
+0.94%
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