The Economic Times

Bitcoin consolidates near $79K ahead of US PCE, GDP Data; whales book record $1.2 billion profit in 3 days

Bitcoin traded near $79,000 on Wednesday as traders await key US PCE inflation and GDP data. While the broader trend remains bullish, rising profit-taking and resistance around $82,800$83,000 could limit near-term gains. Short-term holder whales have booked a record $1.2 billion in profits over three days, adding to market caution.