Bitcoin Slides Below $71K; Toncoin Surges as Traders Take Profits and Eye Further Volatility

Bitcoin fell to $70,800, with traders expecting further price ranges between $69,000-$73,000 this week.

Toncoin rallied 17% to become the 10th-largest token by market cap, potentially due to upcoming USDT integration announcements.

The percentage of bitcoin's circulating supply dormant for over a year declined to the lowest level since October 2022, signaling profit-taking.

Filecoin liquid staking platform STFIL said some team members are under investigation by Chinese police, with lawyers hired to assist.

Solana call options interest is concentrated in strikes above $200, indicating bullish market expectations.