Bitcoin (BTC) Price Slumps to $92,000 as Long-Term Holders Keep Taking Profit
Crypto prices are experiencing a rocky Monday due to poor U.S. macroeconomic data and rampant profit-taking.
Bitcoin (BTC) has dropped 1.8% in the past 24 hours to $91,800, a price not seen since Dec. 5, the day it broke through $100,000 for the first time. The largest cryptocurrency has fallen more than 14% from its Dec. 17 record of $108,278.
Ether (ETH) has lost less, falling 0.7% to $3,320, though it’s now 17% below its December highs, and still has not surpassed the record $4,820 it hit in 2021. Solana (SOL) is also proving a little stronger than bitcoin, with the SOL/BTC ratio up 0.35% today.
The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins…
