Altcoins News

Story: Bitcoin Steady Despite Whale Moves; Traders Take Profits on XRP, Dogecoin, and Solana

By MikeT

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Dormant Whale Moves Don’t Shake Market. Bitcoin reached its highest weekly close ever on Sunday near $110,000.

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Profit-Taking Hits Altcoins. Although Bitcoin held up, several major altcoins saw a wave of profit-taking. Solana (SOL) fell 2.

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Broader Markets Stay Calm. In traditional markets, Asian stocks remained mostly flat. This was after U.S.

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Bullish Outlook for Bitcoin and Ethereum. Some analysts see more upside for Bitcoin in the near future.

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Institutional Support Continues. A key driver behind Bitcoin’s steady performance is institutional interest.

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Conclusion. Bitcoin has entered a consolidation phase just under its all-time highs, but the outlook remains…

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Bitcoin remains steady just below $108,000, even after major dormant wallets moved billions worth of BTC last week. Despite thin liquidity from the U.S.

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Bitcoin reached its highest weekly close ever on Sunday near $110,000. The move was impressive, considering the market faced multiple challenges during the week.

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By Tuesday, Bitcoin was trading just below $108,000. The price had briefly dropped on Monday, but quickly recovered.

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Although Bitcoin held up, several major altcoins saw a wave of profit-taking. Solana (SOL) fell 2.3% to around $149, while Dogecoin (DOGE) dropped 4.1%.

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Meanwhile, Ethereum (ETH) and XRP managed to hold their ground. ETH stayed near $2,530, while XRP traded around $2.26.

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In traditional markets, Asian stocks remained mostly flat. This was after U.S. President Donald Trump postponed new tariffs until at least August 1.

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The MSCI Asia-Pacific index traded sideways, with no major panic. The Japanese yen weakened slightly, while the South Korean won gained strength.

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“Markets are hovering near record levels again,” said Augustine Fan, Head of Insights at SignalPlus.

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Crypto continues to move in sync with stock markets. The current correlation between Bitcoin and the S&P 500 is near local highs.

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