Bitcoin trades near $77,000 mark after pullback from $78,000 mark with profit-taking and leverage flushes weighing on the market. The cryptocurrency was trading at $77,267 mark.

1% to trade at $2,521 mark. 73 trillion, according to Coingecko.

“Markets are turning more cautious as sticky inflation gives the Fed less room to ease and has pushed expectations for a rate hike next week significantly higher.” Technically, Bitcoin is at an important level.

5K the level bulls really need to defend. Ethereum is holding the $2,400–$2,425 support band, while $2,500–$2,525 remains the immediate resistance, Shetty further said.

8%. S.

“Roughly $750 million in leveraged crypto positions were liquidated over 24 hours, with both shorts and longs caught during the rapid reversal. ”.