Crypto booked profits amid general euphoria
Market picture
The Crypto market cap has fallen 1.7% in the last 24 hours to $3.29 trillion, despite continued positive traction in the equity market. The strengthening dollar on news of tariffs has been a natural drag on cryptos. This is doubly true due to Bitcoin’s proximity to the highs, reinforcing the pull for short-term profit taking after rallying in just over a month.
The sentiment index is stuck at 70 for a fourth day, indicating investors continued healthy greed despite the intraday pullback.
Bitcoin showed its unpredictable nature on Monday, dropping to $100.5k at one point, contrary to the impressive rally in other markets. But it was clearly profit taking followed by buying that brought the price back to…
