Bitcoin drops 6% amid Nasdaq surge

Bitcoin has dropped 6% over the past week, even as the Nasdaq has reached an all-time high, according to CoinDesk. Crypto-specific factors, such as profit-taking by holders and increased selling by miners, have been holding back BTC's price. Large holders, known as "whales," and miners have contributed to the recent decline in BTC. According to CryptoQuant, the number of BTC that had been dormant for one to two years has decreased, indicating that these holdings have been sold for profit.