All articles tagged with #profit taking
Originally Published 1 month ago — by Yahoo Finance
American Bitcoin (ABTC) experienced a 39% drop due to profit-taking by investors, despite reporting a significant turnaround with a net profit of $3.47 million and a 453% revenue increase, with co-founder Eric Trump attributing the sell-off to investors cashing in profits for the first time.
Originally Published 2 months ago — by Reuters
Asian stocks declined from record highs due to profit taking after recent tech rallies, amid weak US economic data and divergent Fed policy views, while the US dollar rose to a nine-month peak; markets remain cautious about future rate cuts and economic outlooks.
Originally Published 2 months ago — by CoinDesk
Major cryptocurrencies like Bitcoin, Dogecoin, and Cardano declined up to 5% due to profit-taking and waning momentum, with Bitcoin long-term investors increasing sales since June. Gold prices steadied after a pullback caused by China's end of tax rebates for gold retailers, but remain high for the year. The market shows signs of cautious trading amid macroeconomic factors and geopolitical tensions.
Originally Published 3 months ago — by Bloomberg.com
Gold prices remained near a record high, driven by geopolitical tensions and economic uncertainties, but experienced a slight decline due to technical overbought conditions and profit-taking after a rapid rally. The announcement of a potential hostage release between Israel and Hamas temporarily impacted haven demand, while central banks and investors continued to buy gold amid ongoing global risks.
Originally Published 3 months ago — by CoinDesk
Bitcoin recently hit a new high around $125,000, supported by institutional demand and macroeconomic factors, with some altcoins experiencing profit-taking. The overall market remains bullish, with stablecoin supply and ETF activity indicating potential for further gains, though long-term sellers are active near current levels. The market's next move hinges on whether Bitcoin can sustain its momentum and break past previous highs.
Originally Published 5 months ago — by AMBCrypto
Bitcoin reached a new all-time high of $123,000, breaking key resistance levels and showing strong momentum, but signs of profit-taking, overbought indicators, and reversing open interest suggest a short-term pause or pullback may occur before the next move.
Originally Published 6 months ago — by TipRanks
Bitcoin recently hit a record high above $123,000 but has since declined about 5% as investors lock in profits, with data showing $3.5 billion in gains booked in 24 hours. Despite the pullback, bullish sentiment remains, with options traders betting on further gains and legislative support expected in the US. Bitcoin has gained nearly 29% in 2025 and 44% over the past three months.
Originally Published 6 months ago — by Bloomberg.com
Bitcoin experienced a decline of up to 3.2% after reaching a record high above $123,000, as traders took profits following a strong rally driven by optimism over US digital asset legislation and a rally in risk assets, with the next support level at $114,000.
Originally Published 6 months ago — by AMBCrypto
Bitcoin's market leverage has reached a yearly high, indicating increased risk appetite among traders, but the market remains healthy enough to potentially push higher. Key levels to watch are $103K and $111K, with significant unrealized profits of $1.2 trillion posing a risk of profit-taking. Macro headwinds like U.S. debt ceiling negotiations could also impact Bitcoin's rally.
Originally Published 6 months ago — by Cointelegraph
XRP's top investors are realizing over $68 million daily profits, indicating significant distribution as the market approaches a potential top, with risks of a 35% decline if selling continues, especially among newer holders, and resembling patterns seen before the 2017 peak.
Originally Published 1 year ago — by CNBC
Gold prices fell over 1% as investors took profits after reaching a five-week high, ahead of the U.S. Federal Reserve meeting next week. The market anticipates a December rate cut, with the CME's FedWatch tool indicating a 98% likelihood. Rising inflation and jobless claims suggest an easing labor market, increasing the chances of a rate cut despite inflation not meeting the Fed's 2% target. Other precious metals also saw declines, with silver, platinum, and palladium all dropping in value.
Originally Published 1 year ago — by AMBCrypto News
Long-term Bitcoin holders are cashing out with 326% gains, adding selling pressure to the market. Despite this, Bitcoin remains resilient due to strong demand from new investors, particularly through institutional-grade financial instruments like Bitcoin ETFs. This shift in market dynamics, driven by strategic profit-taking amidst macroeconomic uncertainties and the cyclical nature of Bitcoin's halving events, suggests a robust redistribution phase rather than a sell-off. The role of new investors, especially through ETFs, is crucial in absorbing supply and sustaining Bitcoin's price momentum.
Originally Published 1 year ago — by Fortune
Bitcoin experienced a significant pullback after nearing the $100,000 mark, dropping to $91,400 as investors engaged in profit-taking. This decline is part of a broader crypto market downturn, with Bitcoin-related stocks like Coinbase and MicroStrategy also falling. Columbia Business School professor Omid Malekan notes that such volatility is typical for Bitcoin, especially after rapid price increases. The $100,000 level is seen as a psychological barrier, and while Bitcoin's recent surge was fueled by optimism over regulatory changes, it remains up 30% since the recent U.S. election.
Originally Published 1 year ago — by CNBC
Bitcoin's price fell 2.5% to $92,313.34 as investors took profits following its post-U.S. election rally, which saw the cryptocurrency rise over 30% since the election of Donald Trump. The market is experiencing a pullback from the $100,000 psychological barrier, with expectations of consolidation before further gains. Optimism remains due to incoming institutional investments and regulatory changes, including the anticipated resignation of SEC Chair Gary Gensler, which aligns with Trump's pro-crypto stance.
Originally Published 1 year ago — by Bitcoinist
Cardano's price has surged past $1 for the first time since April 2022, driven by strong bullish momentum in the cryptocurrency market. The ADA token's market capitalization has tripled in the last 17 days, reaching nearly $36 billion. However, significant profit-taking, with $165 million worth of ADA sold, could pose short-term bearish risks. Social media discussions around Cardano have spiked, indicating potential FOMO among investors, which might lead to a price correction. Currently, Cardano is trading at around $1.1, marking a 35% increase in 24 hours.