Bitcoin, Dogecoin, Ethereum Retrace On Profit-Taking By Retail Investors: Analyst Predicts Parabolic Rise For King Crypto Following Consolidation Phase

Leading cryptocurrencies dipped Sunday evening as profit-hungry traders locked in gains from last week’s relief rally. 

CryptocurrencyGains +/-Price (Recorded 8:30 p.m. EDT)Bitcoin BTC/USD-1.05%$66,231.95Ethereum ETH/USD-1.79%$3,066.75Dogecoin DOGE/USD-2.97%$0.1488

What Happened: Bitcoin, the largest digital asset on the planet, was hovering over the $66,000 mark, after soaring past $67,000 earlier in the day. The correction pushed the rest of the market to give up its previous week’s gains as well.

Bitcoin’s Open Interest fell 1.13% in the last 24 hours to $32.73 billion at the time of publication. The biggest decline was seen on Bitget, while CME—the world’s largest Bitcoin futures…

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