Bitcoin Plunges 1.5% Amid Profit-Taking and ETF Outflows

Bitcoin’s recent upward momentum has stalled, with the cryptocurrency currently trading below $113,721 after a sharp 1.5% decline in the past 24 hours. This marks an approximate 5% weekly loss for Bitcoin, putting its performance in the red for this month. The current price drop is attributed to profit-taking by long-term holders and losses from short-term investors. 📈 📉 1 of the heaviest loss-driven moves in weeks.