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Bitcoin bumps into resistance at $35k as analysts warn it trades at a 'hefty premium'

From kitco.com

Cryptocurrency prices extended their uptrend on Wednesday following a day of consolidation on Tuesday as investors continue to grow increasingly bullish about the outlook for digital assets amid spot Bitcoin (BTC) ETF chatter and the approaching Bitcoin halving, which is anticipated to occur in April. Stocks, on the other hand, traded lower as mixed earnings reports from Alphabet and Microsoft combined with a resurgence in the U.S. 10-year Treasury note to dampen the spirits of traders and prompt a risk-off approach. At the market close, the S&P, Dow, and Nasdaq finished lower, down 1.45%, 0.33%, and 2.41%, ... (full story)

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  • Category: Technical Analysis