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Bitcoin and Ethereum Gain 0.7% Amid Market Uptick

BTC trades at $89,853 and ETH at $2,986, though analysts warn that rallies may face resistance unless supply issues are addressed.

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Summary

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Terms & Concepts
  • Supply Overhang: A market condition where excess available assets, such as cryptocurrencies, suppress price growth due to ongoing selling pressure.
  • Distribution Phase: A period in trading where asset holders sell off positions, often leading to sideways or downward price movement.