📉 BTC and ETH prices have adjusted: traders are taking profits after the recent rally and preparing for key macroeconomic events.

Over the past day, the price of Bitcoin has decreased by 1.3% to $113,500, according to CoinGecko. At one point, the price fell to $112,647. Ethereum has dropped by 1.4% to $4,200. The cryptocurrency Fear and Greed Index has fallen to 44 points — the lowest since June 22.

CIO of Kronos Research Vincent Liu linked the market pressure to profit-taking and the liquidation of margin positions following the update of the historical high at the beginning of the month.