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Benzinga
Benzinga
Business
Murtuza J Merchant

Bitcoin Dips Below $117,000: What On-Chain Data Reveals About The Next Big Price Shift

Bitcoin Crypto Ryan Lee United States Binance Bitfinex CPI Inflation
Bitcoin,On,Red,Down,Trend,Arrow.

Bitcoin (CRYPTO: BTC) is down nearly 5% from its all-time high of $122,838, trading at $116,880 as of Tuesday morning European time, as the broader crypto market pauses ahead of key macroeconomic data and reacts to a spike in large-scale on-chain activity.

Ethereum (CRYPTO: ETH) has also dipped, down 2.5% to around $2,980.

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