“MOST US Markets Were Closed for Monday’s Holiday, But European Stocks Reacted Positvely to Trump’s Moratorium on 50% Tariffs.”, – WRITE: www.coindesk.com
Slipped Back to $ 109,000 On Monday in Sluggish Trading as Traditional US Markets Remoned Closed in Observance of Memorial Day.
The Top Cryptocurrency is Still Up 1.7% in the Last 24 Hours and Only A Breath Away from the All-Time High IT Notched Last Week.
Looking at Coindesk 20 – An Index of the Top 20 Digital Coins by Market Capitalization, Except for Stablecoins, Memocoins and Exchange Coins
whoh saw it token rise 6.6%. Tokens for Chainlink
and Avalanche
ALSO GAINED 3.3% AND 3.4% respectively.
The Gains HapPeded overnight, Spurred by the Trump Administration’s Tempoury Walkback on EU Tariffs. Trump said on Sunday that the Implementation of 50% Tariffs on eu goouds-whohn friday he’d called to go into effect on june 1 and caused a sell Delayed Until July 9. European Stocks, Initially Shaken by the Threat, Rebounded On the News.
Short-Term Holder Profit-Taking IntensifiesWhile the Crypto Market Retraced Some of the Losses in the Weekend Tumble, Btc Has Likely Entered A Chops Phase As Traders Digest The Rapid, ALMOST 50% RUNEX LOWS, Bitril Lows, Bitril. Report.
Increasted Profit-Taking by Short-Term Holders Could Also Cap Bitcoin’s Near-Term Upside: This Invistor Cohort Realized $ 11.4 Billion in Cumulative Profits Over the Past 30 Days, Com. 30-day Period, The Report Noted.
“At these Levels, The Risk Emerges that Profit-Taking Outpaces New Demand Inflows,” Bitfinex Analysts Wrote. “Unless thereʼs a CorresPoding Rise in New Capital Entering the Market to Absorb This Supple, Prices May Begin to Stall or Even Retrace.
“The NEXT FEW DAYS WILL BE KEY to GAUGE WHATHER The DIP TO $ 106,000 HAS SET The Range Lows or A Bigger Reset Is In the Cards, The Report Said. If A Deper Pulback Materate Short-Term Holder Cost Basis Around $ 95,000, The AVERAGE PRICE This Group Bough The Asset, The Authors Noted.
Bitcoin Short-Term Holder Cost Basis (Bitcoin Magazine Pro/Bitfinex)
Strong Inflows to US SPOT BITCOIN ETFS – Totling $ 5.3 Billion in May So Far -, Low Volatility and Lack of Froth Suggest That Bitcoin Will Likely Resume ITSTEREND INTO, THIRT. Analysts argued.
Read More: Bitcoin Regains $ 110k After weekend Sell-Off; Ada, Doge Lead Uptick in Crypto Majors
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