Bitcoin hits ‘near-term selling pressure’ after rally to $76K: CryptoQuant

Bitcoin hits ‘near-term selling pressure’ after rally to $76K: CryptoQuant

2.22%BTC$74,885 0.71%XLM$0.16 2.85%TRX$0.3251 0.25%XMR$342.85 0.25%DOGE$0.09708 4.04%BCH$442.55 1.65%ADA$0.2492 3.88%BNB$624.32 1.27%ETH$2,357 1.19%SOL$85.28 2.13%HYPE$44.83 1.83%XRP$1.40 3.47%USD Written by Jesse Coghlan,Staff EditorReviewed by Felix Ng,Staff EditorBitcoin hits ‘near-term selling pressure’ after rally to $76K: CryptoQuant18 minutes agoCryptoQuant says Bitcoin could be reaching a temporary ceiling after hitting a multi-month top of $76,000 on Wednesday, with investors moving Bitcoin in bulk to exchanges. Bitcoin deposits to crypto exchanges surged on Tuesday as it rallied above $76,000, suggesting it is hitting “near-term selling pressure” as investors move their coins into a position for sale, according to CryptoQuant. In a report on Wednesday, CryptoQuant said the size and rate of Bitcoin (BTC) inflows to exchanges have increased since the rally, with hourly inflows sp

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