Is the crypto bull run here? Bitcoin wavers as traders take profits
Macroeconomic concerns and profit-taking are slowing down crypto’s momentum, but a bull run may be in the works
Crypto markets are in recovery mode, but profit-taking and macroeconomic risks continue to weigh on sentiment. On Friday, June 27, Bitcoin (BTC) traded at $106,600, pulling back 1% over the past 24 hours. Altcoins saw similar performance, with the top 100 assets by market cap down about 1%.
Bitcoin and major altcoins have mostly recovered their losses following the initial crash sparked by the Iran-Israel conflict. With the geopolitical tensions easing, the market correction appears to have concluded, with most tokens now posting modest declines rather than steep selloffs.
Because of this, the recent…
