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Bitcoin Drops Over 3% Despite Golden Cross and Bank Calls for More US Stimulus

From coindesk.com

Bitcoin prices look to be struggling with buyer exhaustion, having put in a negative performance in the last 24 hours despite positive developments on both the macro and technical fronts. The top cryptocurrency by market value fell from $9,760 to $9,100 during Wednesday’s U.S. trading hours, even though major investment banks like JP Morgan and Goldman Sachs called for an increase in the size of the inflation-boosting government bond purchase programs run by the Federal Reserve and other major central banks. Bitcoin is increasingly eyed as an investment alternative that isn't prone to inflation. “The level of the ... (full story)

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  • Category: Technical Analysis