Bitcoin and Crypto Markets Decline Amid Profit-Taking and Cooling Tech Trade
Bitcoin experienced a nearly 3% decline, trading around $103,279, after a brief rally to $107,000. This dip was attributed to profit-taking and a cooling AI and tech trade, impacting overall market sentiment. Ethereum also saw a significant drop of over 4%, with most major altcoins following suit. The global crypto market capitalization decreased by 3.43% to $3.47 trillion. Analysts suggest immediate support for Bitcoin is around $100K-$102K, with resistance at $110K-$111K.