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Bitcoin stalls at $53,000 level, Ethereum reaches $3,000
After a relatively quiet three-day weekend in the U.S., Bitcoin surged from $51,600 to nearly $53,000 on Tuesday morning before facing selling pressure that pushed prices down to as low as $50,700. As of writing, Bitcoin is trading at $51,260, down 1.15% over the past 24 hours. Bitcoin’s recent sell-off mirrors previous price action on Thursday and Friday, where intraday rallies above $52,500 were short-lived. Zooming out, Bitcoin has been trading within the range of $51,000 to $52,500 over the past week. Meanwhile, Ether (ETH), the second-largest cryptocurrency by market capitalization, experienced a similar fate, ... (full story)