Bitcoin's Bullish Momentum Slows Amid Long-Term Holder Stacks Record

Bitcoin’s price rose 2.55% in June but failed to surpass May’s peak of $112,000. ARK Invest’s latest report shows long-term holders now own 74% of total bitcoin supply. On-chain capital flows declined in Q2, signaling a cooling market. The U.S. dollar is climbing, challenging crypto’s bullish sentiment. Inflation easing raises questions about bitcoin’s appeal as an inflation hedge. Housing market shows signs of strain with a drop in home sales despite high homeowner expectations.

Read more at Yahoo Finance: Bitcoin’s Bullish Momentum Slows as Long-Term Holder Stacks Hit Record