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Bitcoin's fall after hitting a record high raises questions about continued momentum

Online reported that data showed that the cryptocurrency Ethereum outperformed its better-known similar asset Bitcoin, rising to a six-month high of $3,478.97. David Morrison, an analyst at financial technology company Trade Nation, said in a report that Bitcoin has shown signs of falling back and consolidating after hitting an all-time high of $123153 on Monday. He pointed out that traders hoping to profit from further gains in Bitcoin are feeling frustrated by Bitcoin's failure to recover above $120,000. This "raises the question of whether Bitcoin's upward momentum can be sustained without a new catalyst."

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