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Bitcoin Prices Rise 10% Amid Short-Term Holder Caution

Bitcoin has crossed the $114,000 mark, showing a daily increase of 1.03%, as traders remain cautious amid ongoing market fluctuations.

BTC

Summary

Bitcoin has risen to $114,000, reflecting a daily increase of 1.03%. This price movement comes after a recent decline, showcasing the volatile nature of the cryptocurrency market and the cautious sentiment among traders.

Terms & Concepts
  • Short-Term Holders: Investors who hold Bitcoin for a short period, typically less than three months, and are more reactive to market conditions.
  • Volatility: The degree of variation in trading prices over time, indicating the level of uncertainty or risk in the market.
  • Market Sentiment: The overall attitude of investors toward a particular security or financial market, often influencing price movements.