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Bitcoin Price Rally Loses Momentum
Bitcoin price surged to over $38,442 during the weekend, the highest point since April 2022. The BTC/USD pair retreated to a low of 37,260 on Monday morning, the lowest level since November 23rd. It has risen by almost 10% from the lowest point in November. Bitcoin’s momentum fades Bitcoin price continued its bullish momentum even after the crypto industry went through numerous regulatory challenges. Last week, the Securities and Exchange Commission (SEC) filed a lawsuit against Kraken, one of the biggest crypto exchange in the world. The SEC alleged that the company commingled customer funds and operated as an ... (full story)