Long term holders take profits as Bitcoin drops to $93k
Profit-taking trend emerges as Bitcoin flirts with six figures.
Happy Tuesday!
Bitcoin is experiencing a notable pullback, trading around $93,000 as long-term holders capitalize on profits after a significant rally. This profit-taking trend comes as U.S. Bitcoin miners face delays due to customs holding vital Bitmain shipments, raising concerns about the industry's reliance on Chinese technology. Meanwhile, Justin Sun's Tron network has made headlines with a $30 million investment in a Trump family-backed financial platform, and WisdomTree is positioning itself to launch a spot XRP ETF amid growing market optimism. As these developments unfold, the crypto landscape remains dynamic and full of opportunities.
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The global crypto market cap is $3.18 trillion, with a 24-hour volume of $245.43 billion. The price of Bitcoin is $93,348.58, and BTC market dominance is 58.0%. The price of Ethereum is $3,322.40, and ETH market dominance is 12.5%. The Crypto Fear & Greed Index is currently Greed (79).
Long term holders take profits as Bitcoin drops to $93k
Profit-taking trend emerges as Bitcoin flirts with six figures.
📰 Top News
US Bitcoin miners face delays as customs hold Bitmain shipments over sanctions concerns
The US CBP has detained critical mining equipment, spotlighting the country's dependency on Chinese technology and stoking sector-wide uncertainty.
WisdomTree latest to eye spot XRP ETF amid heightened market optimism
WisdomTree has become the latest firm to eye an XRP ETF and has filed to establish a trust entity in Delaware, a preliminary step.
Justin Sun’s Tron network invests $30 million in Trump family-backed World Liberty Financial
Sun is now the largest investor of the Trump family-backed platform aiming to drive mass adoption of US dollar-pegged stablecoins.
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