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Bitcoin is Rallying Toward $30,000 Again in the Wake of Binance's Legal Woes

From bnnbloomberg.ca

Bitcoin renewed its climb toward $30,000 with risk appetite rising across global markets and concern about the fallout from Binance’s legal woes waning. The largest cryptocurrency by market value rose for a second day, gaining as much as 4.9% to $28,638 on Wednesday. It had climbed to just below $29,000 on March 22, the highest since June. Other tokens also rallied, with XRP jumping about 9%, Cardano increasing 7% and Polygon rising 4%. Ether was up less than 2%. Bitcoin touched a 10-day low on Monday after Binance Holdings Ltd., the world’s largest crypto exchange, was sued by the US Commodity Futures Trading ... (full story)

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  • Category: Technical Analysis