Report: Cryptocurrencies weakened at the beginning of this week, analysts believe it was influenced by profit-taking.

Bitcoin and other major cryptocurrencies are all falling, with profit-taking seen as a driving factor. Exness' Van Ha Trinh said in a report: "Investors may take action to lock in profits ahead of a busy economic calendar this week and amid uncertain geopolitical tensions in the Middle East." However, any progress in negotiations aimed at reopening the strait could quickly spark investor interest in risk-on assets, including cryptocurrencies. Bitcoin fell by 0.8% to $77,642; Ether fell by 2.5% to $2,305; XRP fell by 2% to $1.40. Solana fell by 2.3% to $84.79.