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Bitcoin Faces Barrage Of Profit-Taking, But Price Holds At $105,000

Summary by Cryptocurrency News | Cryptocurrency Prices | Market Cap
On-chain data shows the Bitcoin network has witnessed a spike in profit-taking activity from investors, but so far, the price has managed to …
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Key points of the news: Bitcoin hit a record $111,800 boosted by spot purchases, but suffers from the selling pressure of the holders that are making profits. The key support is held at $103,700, with a risk of rupture if there is not enough demand to absorb the supply of the last few days. Daily profits realized reached $1.470 million, concentrated in holders of more than a year that began to undo positions. Bitcoin recently reached a new histo…

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Bitcoinist broke the news in on Wednesday, June 4, 2025.
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