Cryptocurrencies fall on profit-taking
The prices of major cryptocurrencies experienced a decline following a wave of profit-taking, with Bitcoin dropping by 1.57% to $76,200, Ethereum by 2.05% to $2,385, Solana by 2.20% to $92.50, and Ripple by 3.01% to $1.45. This downturn resulted from the liquidation of leveraged positions after strong gains, as Bitcoin achieved approximately a 23% increase over the week — its biggest gain since March 2023. The market movement came after the U.S. Treasury Department announced doubling its purchases of long-term bonds and President Trump expressed optimism about the digital currency industry, even though Bitcoin remains far from its peak above $126,000 reached in October of last year.
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