The crypto rally took a pause on Tuesday with bitcoin BTC$111,480.33 quickly pulling back from record highs above $126,000 as analysts pointed to signs of crypto rally overheating, at least in the short run.
BTC plunged below $122,000, erasing the past three days of gains and trading 2.4% lower in the 24 hours. The selloff rippled across the crypto market, with XRP$2.8211, DOGE$0.2316, ADA$0.7842 and AVAX$28.69 down 5%-7% during the period.
STORY CONTINUES BELOW
Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all
Trending: Did American comedians SELL OUT for Saudi cash? The Riyadh hypocrisy exposed
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!