Based on KanalCoin, Bitcoin recently surged to an all-time high above $124,000, triggering profit-taking in XRP, DOGE, and SOL. The move led to increased exchange inflows and fluctuating on-chain metrics for the affected altcoins. Historical data suggests such profit-taking often follows major Bitcoin rallies, with similar patterns observed in 2021 and 2024. Kanalcoin experts note this behavior is a consistent market phenomenon, with potential for short-term corrections followed by renewed interest in crypto assets.
Bitcoin Hits $124,000 All-Time High, Altcoins See Profit-Taking
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