Bitcoin Takes Breath After Briefly Topping $87,000

Bitcoin has experienced a slight dip after reaching an all-time high of over $84,000. According to CoinMarketCap, on the 28th, Bitcoin was trading at $84,402, down just 0.03% from the previous day.

Ethereum, the second-largest cryptocurrency by market cap, also saw a decrease in value, falling 0.27% to $2,686. XRP suffered an even larger decline, dropping 0.92% to $1.51.

The market views this move as profit-taking after a short-term surge. Just a few days prior, Bitcoin briefly topped $87,000, marking the highest price in about eight months.