Bitcoin fell after rebounding earlier due to profit-taking.

Joel Kruger of LMAX Group said that Bitcoin fell on Wednesday after reaching a one-week high due to profit-taking. He stated that Wednesday's increase reflected an improvement in global risk appetite, as well as funds flowing back into US Bitcoin exchange-traded funds. "After that rise, short-term traders took profits, leading to a period of consolidation in the market." He noted that there was no substantial deterioration in the fundamentals. Ethereum's recent performance has been better than Bitcoin, which is usually a sign of improved risk appetite and increased market participation. However, he stated that Bitcoin needs to reclaim $73,000 to achieve a larger rebound. Data from the London Stock Exchange Group shows that Bitcoin fell by 1.4% to $67,917, after reaching a high of $69,847 on Wednesday. Ethereum fell by 1.7% to $2,064, after reaching a two-week high of $2,135 on Wednesday.