Bitcoin and Ethereum Prices Drop: A Look at Profit-Taking and Market Uncertainty

Following a recent surge, Bitcoin’s price has retreated to the $113,000 range, while Ethereum followed suit, dipping towards $4,100. Market analysts attribute this drop to profit-taking following record highs and the liquidation of leveraged positions. Cryptocurrency Appsy data reveals that Bitcoin’s intraday low reached $112,709, while Ethereum fell to $4,070. Experts predict a sideways market pattern before the Jackson Hole event. 💰