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Benzinga
Benzinga
Business
Murtuza J Merchant

Bitcoin Hovers Around $120,000: What's Next?

Bitcoin Glassnode
Bitcoin,Halving.,Block,Reward,Gets,Cut,In,Half,Every,Four

Bitcoin's (CRYPTO: BTC) price stability around the $120,000 mark comes as on-chain data shows profit-taking at historically elevated levels, according to a Glassnode report.

What Happened: The report notes that despite realized profit margins reaching peaks seen in only a handful of prior cycles, the market has so far absorbed the selling pressure without significant downside.

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