Bitcoin's (BTC) rally stalled, putting it on track to snap a historic eight-week streak of gains as its price remained muted at around $42,000 as of Friday. The largest cryptocurrency by market cap recovered to $43,000 after Monday's 10% flash crash to $40,000 that flushed overenthusiastic leveraged bets on higher prices. A dovish Federal Reserve projecting rate cuts and the falling U.S. dollar bolstered the recovery, but lost steam by Friday and BTC slipped back to $41,500. On-chain data indicates significant profit-taking behind the stalling prices. Bitcoin saw $860 million of net inflows into crypto exchanges during the week, the highest level since March, analytics firm IntoTheBlock noted Friday.
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