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Bitcoin Price is Feeling Pressured
The BTC/USD pair continued falling as demand for cryptocurrencies waned. Bitcoin retreated to a low of $27,290 on Wednesday, lower than this month’s high of $28,585. It has moved to the lowest point since October 6th. Bitcoin and stocks diverge Bitcoin and American equities have diverged in the past few days as the market focuses on the ongoing war in Israel. The war started on Saturday when armed Hamas attackers raided Israel, leading to thousands of death. The financial market has reacted mildly to this crisis. American equities retreated briefly on Monday and then bounced back. This rally continued on Tuesday as ... (full story)