Bitcoin Rally Stalls Out

Dow Jones
3 hours ago

1217 ET - Bitcoin is down 1.6% to $77,095, dropping after posting a strong rally over the past three weeks. The cryptocurrency seems unable to stay above the $80K mark, which is now the major psychological threshold it needs to break in order to keep the rally going. The $80K mark is where a spring rally in bitcoin topped off at in early May. "Bulls want to see Bitcoin clear this zone, which could open the door to further upside," says Bret Kenwell of eToro in a note. Ethereum is down 1.3% to $2,440, XRP is down 3.5% to $1.35, and solana slides 3% to $99.49.

 

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