Bitcoin retreats to $77,000 as profit-taking pressures market

Bitcoin is trading around the $77,000 mark after a modest pullback from $78,000, driven by profit-taking activity among investors. The broader cryptocurrency market has shown mixed performance, with major altcoins recording divergent results.

Global cryptocurrency market capitalization has inched up to $2.73 trillion. Market participants are closely monitoring the upcoming Federal Open Market Committee meeting, which is expected to influence significant price movements across digital assets.