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BTC/USD Boom or Bust as Prices Retreat From ATH?

From dailyfx.com

Bitcoin prices have recently pulled-back from the recent high, at around $67,000 after the release of the futures ETF last week. With inflationary pressures on the rise, low global interest rates have resulted in an increase in the institutional adoption of digital assets which have supported the upward trajectory pertaining to digital assets since last year. However, as major cryptocurrency’s continue to face scrutiny from China and other regulators, an increase in geopolitical tensions and the release of high impact economic data (inflation data, GDP figures and unemployment) may further assist in the catalyzation ... (full story)

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  • Category: Technical Analysis