CoinDesk·4 min read·medium
Bitcoin pulls back to $64,000 after hitting monthly high as bears take control
O
Oliver Knight
✦AI Summary
Bitcoin prices retreated to $64,000 following a monthly high of $65,500 as traders engaged in profit-taking and geopolitical tensions in the Middle East impacted broader markets. Meanwhile, altcoins experienced mixed performance, with some memecoins showing high volatility on new blockchain platforms.
The shift to the downside comes after bitcoin rose to a monthly high of $65,500 on Wednesday, prompting some traders to take profits.
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