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Bitcoin trades lower as ‘darker days still lie ahead,’ says analyst

From marketwatch.com

Bitcoin traded lower Thursday afternoon, on track to log its sixth losing session over the past seven. A single bitcoin BTCUSD, -0.60% was changing hands at $3,429.68, down 1% since Wednesday at 5 p.m. Eastern Time on the Kraken crypto exchange. Having opened the year near $3,700, the cryptocurrency is set to kick off the year with a losing month. What are analysts saying “Bitcoin appears to have stabilized again following a couple of volatile months that saw it once again come under pressure. The last few weeks has seen it trading in much tighter ranges but at the same time, it has continued to drift lower which ... (full story)

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  • Category: Fundamental Analysis