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Bitcoin consolidates above $28,400, could reach $32k if uptrend continues
Tokens across the cryptocurrency market entered into consolidation on Tuesday following Monday’s price surge that was sparked by a false report that the Securities and Exchange Commission approved BalckRock’s spot Bitcoin (BTC) exchange-traded fund application. Stocks also trended in the red after the latest retail sales data came in well above expectations, stoking concerns that strong consumer behavior will give the Federal Reserve additional rationale to continue raising interest rates. After briefly rising into the green near midday, the S&P and Dow finished flat, while the Nasdaq closed down 0.25%. Data ... (full story)