Cryptocurrency prices are showing broad weakness on Thursday, following a widespread rally this week that saw Bitcoin (BTC) rise to $82,850 for the first time in three months. The Crypto King is now trading above $81,000, with its upside seemingly capped as retail and institutional demand cools.

Altcoins, including Ethereum (ETH) and Ripple (XRP), are exhibiting weakness similar to Bitcoin’s, suggesting their rebound could take a breather before gathering momentum. Ethereum holds above $2,300 after its brief stint above the pivotal $2,400 barrier, while XRP holds above the immediate $1.40 support level.

Crypto majors struggle for momentum as demand fades

Bitcoin’s rally to $82,850 was partially driven by investors increasing their risk…