$BTC In a dramatic turn of events, Bitcoin (BTC) soared to an impressive $102,622 during the midday session on Wednesday (Eastern time), only to pull back from its exhilarating intraday high of $104,836! The technical indicators, particularly the daily relative strength index (RSI), are signaling that the overbought conditions have succumbed to relentless selling pressure. This comes on the heels of two unsuccessful attempts to breach the formidable $105,000 barrier!
As the dust settles, both BTC and Ethereum (ETH) have experienced a slight dip of around 1%, while a wave of losses has swept through many other leading cryptocurrencies. The broader crypto market has taken a hit, declining by 1.12% over the past 24 hours. Trading volume has remained steady at approximately $146.31 billion, mirroring the figures from Tuesday.
Yet, amidst this turbulent sea, a few tokens—WAL, RAY, PENGU, and FORM—have bravely defied the odds, posting remarkable gains between 5% and 10%! In stark contrast, tokens like EOS, BRETT, WIF, and PI have faced steeper declines, with losses ranging from 9.2% to 10%. The crypto landscape is ever-changing, filled with both challenges and opportunities!
