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Bitcoin Breakout in Focus
Bitcoin continues to draw plenty of attention this week following a breakout to fresh record highs yesterday. The futures market surged to new highs above $127k following the breakout above the $121,500 level last week. The leading crypto coin has been a firm favourite amidst the fallout from the US government shutdown which began last week. Alongside the rally we’ve seen in gold and equities, Bitcoin (and the broader crypto space) has been a key beneficiary of bullish sentiment. Much of this is attributed to the view that the shutdown will increases the pressure on the Fed to ease further. While the market was ... (full story)
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