Crypto Retraces This Week’s Gains as Traders Take Profits

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Bitcoin trades below $70,000 as the entire crypto market contracts 4%.

Crypto traders are taking profit after Bitcoin marked a new record high and crossed $72,000 earlier this week.

Bitcoin is trading for $67,704, a 4.7% drop on the day, retracing its entire gains for the week.

Bitcoin Price – Coingecko

Meanwhile, Ethereum dropped below $4,000, and changes hands for $3,667 with a 5.4% drop over the past 24 hours.