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Bitcoin price bounces back above $64k: Is the correction over? Analysts weigh in
Bitcoin (BTC) reclaimed support at $64,000 over the weekend but is struggling to hold the support level in early trading on Monday as the broader market shows signs of recovery from last week’s sub-$60,000 pullback for BTC. It has been a volatile start to the week, with data provided by TradingView showing that BTC spiked to a high of $65,545 in the early morning hours, but has since pulled back to support at $63,000 after news circulated that the Securities and Exchange Commission (SEC) sent a Wells Notice to the crypto division of Robinhood for alleged securities violations. At the time of writing, BTC trades at ... (full story)
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The SEC issued a Wells Notice on May 4, stating that staff had made a "preliminary determination" alleging that Robinhood had violated securities law. Why it matters: The flurry ...
Recent comments from a number of MPC members have hinted that a cut in Bank Rate might not be too far away and possibly rather sooner than financial markets currently expect. ...
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- Posted: May 6, 2024 1:46pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 138