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Bitcoin Prepares for a Big Move Ahead
Bitcoin price outperformed stocks on Wednesday as macro risks continued rising. The BTC/USD pair was trading at 28,287, much higher than this week’s low of 27,500. It remains a few points below the week-to-date high of 30,000. Bitcoin ETF Hopes Rise Bitcoin has done relatively well in the past few days as investors reacted to the ongoing hopes. On Monday, Bitcoin surged after a fake report said that the Securities and Exchange Commission (SEC) had approved Blackrock’s ETF. It then retreated but remained at an elevated level after Blackrock denied the report. And on Wednesday, Fidelity, one of the biggest ... (full story)