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Price analysis 1/24: BTC, ETH, BNB, SOL, XRP, ADA, AVAX, DOGE, DOT, LINK
Bitcoin is witnessing a tough battle between the bulls and the bears near the $40,000 level. Buyers seem to be positive about the long-term prospects of the newly launched Bitcoin exchange-traded funds (ETFs), but the sellers are focusing on the $3.4 billion in outflows from the Grayscale Bitcoin Trust. Apart from the crypto-specific issues, some analysts are worried about the worsening macroeconomic situation. Arthur Hayes, the former CEO of BitMEX, cautioned investors in his latest blog post that Bitcoin risks a fall between $35,000 and $30,000. According to Hayes, the United States Federal Reserve could find it ... (full story)