Bitcoin falls after hitting a record high, raising questions about the sustainability of momentum
data shows that the cryptocurrency Ethereum has outperformed its more well-known counterpart Bitcoin, rising to a six-month high of $3,478.97. Analyst David Morrison from the financial technology company Trade Nation stated in a report that after Bitcoin hit a historical high of $123,153 on Monday, signs of a pullback and consolidation have emerged. He pointed out that traders who were hoping to profit from further increases in Bitcoin are feeling frustrated because Bitcoin has not been able to rise above $120,000. This "raises a question: without new catalysts, can the upward momentum of Bitcoin continue?"
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