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Crypto Reverses Early Gains, Bitcoin Dives Back to $69K

A rally in cryptocurrencies was quickly snuffed out in the late morning hours in the U.S. as traders perhaps continued to take chips off the table following a big run higher over the past few weeks.

Rising to as high as $71,400, bitcoin (BTC) quickly pulled back to the $69,000 level, down nearly 1.3% over the past 24 hours. Ether (ETH) was lower by 0.3% and solana SOL]] fell closer to 2%. The broader CoinDesk 20 was off just 0.6%, with cardano ADA and litecoin <a href="https://coindesk.com/price/litecoin/" data-position="autolink" title="Litecoin Price