Bitcoin loses grip near $80,000 as ETH, SOL, DOGE fade on profit-taking
CoinDesk
Bitcoin retreated from near $80,000 as major altcoins experienced profit-taking amidst ongoing geopolitical tensions and uncertain market signals.Summary
Bitcoin failed to sustain momentum near the $80,000 level, pulling back to trade at $77,794. The rally has become increasingly narrow, with major assets like ETH, SOL, and XRP recording losses due to profit-taking. Analysts note that while institutional participation is cited as a sign of maturity, the market remains constrained by negative funding rates and geopolitical instability in the Middle East, specifically affecting oil prices and trade routes.
(Source：CoinDesk)