Bitcoin has already had a stellar year – new highs, billions flowing into ETFs, and a relentless rally in the cryptocurrency market. However, the past week hasn't been so kind to it. BTC's price has fallen below $114,000, down more than 8% from last week's peak.
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Bitcoin has already had a stellar year – new highs, billions flowing into ETFs, and a relentless rally in the cryptocurrency market. However, the past week hasn't been so kind to it. BTC's price has fallen below $114,000, down more than 8% from last week's peak.
Such moves are not uncommon. Cryptocurrencies typically move sharply, and corrections often displace excessive leverage before the next rally. The question is whether we'll see another decline before Bitcoin approaches its new target – potentially as high as $130,000.#Crypto Market Pullback #Content Mining & Earn Rich Commission #Bessent on BTC Reserves #Fed Ends Novel Activities Supervision #BTC ETFs Top $153B in Holdings