Key Moments:
- Bitcoin edged around 0.1% lower on Thursday, surrendering earlier gains that saw the token climb above $105,000.
- Total crypto market capitalization fell 3.25% to $3.41 trillion.
- Circle priced its IPO above expectations.
Bitcoin Slides as Crypto Sphere Retreats
Bitcoin failed to sustain its upward momentum on Thursday as it fell from earlier gains and slipped below the $105,000 threshold. This performance was not isolated, with major altcoins like Ethereum also experiencing declines. The total cryptocurrency market cap fell by 3.25% and hit $3.41 trillion, as revealed by CoinGecko data, while trading volumes stayed depressed at $89 billion.
Sentiment Uptick Does Not Translate to Gains
Today’s price movements contradicted an…
