By Elsa Ohlen
Bitcoin and other cryptocurrencies fell early Thursday as the crypto rally lost momentum.
Bitcoin is down 1.7% over the last 24 hours to $101,951, according to CoinDesk data.
Ether, XRP and Solana -- the world's second, fourth and sixth largest crypto based on market value -- fell between 3.7% and 5.7%.
Bitcoin has risen about 7% over the past 10 days and briefly hit $105,500 over the weekend but quickly pared gains, which analysts attribute to profit-taking.
Easing trade tensions between the U.S. and China have fueled a rally in both equities and cryptos, after Treasury Secretary Scott Bessent announced Monday that the countries would pause most of the tariffs on each other's goods for 90 days.
Crypto exchange Coinbase's inclusion in the S&P 500 before markets open on May 19 is expected to boost the sector further.
Write to Elsa Ohlen at elsa.ohlen@barrons.com
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May 15, 2025 05:01 ET (09:01 GMT)
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