Bitcoin has recently struggled to break past the $70,000 mark, as renewed profit-taking has limited further advances, reports Glassnode. The analytics company notes that each rally attempt since early February encounters a drop in buying interest around this price level. Limited market liquidity combined with consistent profit realization have continuously prevented a lasting upward movement.
Related Posts
As Bitcoin Drops Below $100,000 Again, Surprise Altcoin Experiences Biggest Comeback of the Year! Here\’s the Star of the Day and the Reason for…
Bitcoin (BTC) fell below $100,000 again today after recovering to $104,000 on November 5. While Ethereum and most altcoins accompanied…
Bitcoin Declines as Dollar and Bonds Surge Following Hawkish Federal Reserve Meeting Minutes
The January meeting of the Federal Open Market Committee (FOMC) highlighted a significant rift within the Federal Reserve, marked by…
Germany ‘Failed to Seize’ 45,000 BTC Held by Movie2K Piracy Website: Arkham
Arkham Intelligence has reported that piracy website Movie2K still holds 45,000 BTC, which the German government “failed to seize” as…