Bitcoin Surges Past $71K Amid Global ETF Launches and Rate-Cut Speculation
TL;DR Summary
Bitcoin has surged to $71.1k, but faces resistance at $71.4k. While network fundamentals remain strong, metrics like the Net Unrealized Profit/Loss and Network Value to Transactions suggest potential overvaluation and a possible correction. Investors are debating whether to book profits or continue holding, as historical patterns indicate sharp retracements during bull runs.
- Bitcoin breaks $71k: Should you cash in today or HODL? AMBCrypto News
- Bitcoin Posts Longest Winning Run Since March on Rate-Cut Wagers Bloomberg
- Bitcoin crosses back above $70,000 as more spot ETFs launch around the world CNBC
- Bitcoin's price touches $71,000, but volatility and sell-side pressures loom The Block
- Bitcoin Tops $70K to Lead CoinDesk 20 Gainers: CoinDesk Indices Market Update CoinDesk
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