bitcoin
  • Bitcoin hit a new record high last week, but has since lost ground.
  • Profit-taking could be fueling the sell-off, which has also hit other tokens like ether and solana.
  • But crypto experts are still backing the upcoming "halving" event to power bitcoin to new highs.

Bitcoin bulls were celebrating record highs this time last week — but the cryptocurrency has been dealing with a hangover since then.

The token has tumbled as much as 13% since hitting a record high of almost $74,000 and was trading at just under $68,000 on Thursday.