India, July 15 -- Bitcoin slipped from the record highs touched on Monday amidst profit booking that followed the digital asset's amazing price trajectory over the past few days. Sell-off fears sparked by whale activity in dormant wallets, event-driven caution ahead of the vote on key crypto legislations, anxiety ahead of the release of consumer price inflation data from the U.S., decline in inflows to Bitcoin Spot ETF products in the U.S., all contributed to the decline in Bitcoin prices.
Reports of a Satoshi-era Bitcoin whale moving Bitcoin worth $2 billion spooked market sentiment, triggering liquidations.
A sell-the-news type reaction in crypto markets was also witnessed as key crypto legislations progressed. The GENIUS stablecoin bil...