Crypto
Bitcoin Price Tumbles Below $80K Amid STH Profit-Taking
Bitcoin's (BTC) price has dropped below $75K after hitting an all-time high of over $80,000. The sudden decline comes as profit-taking among short-term holders (STHs) increases.
According to analysts, STHs are selling their Bitcoin holdings at current prices, driving the market down. This trend is not unusual in a strong bull run like the one we're experiencing now.
The question on everyone's mind is whether buyers can hold support at $75,568. If they do, it could be a sign that the market is still bullish and that the price will continue to rise.