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Bitcoin Lingers Around $10,000 as Traders Await Catalysts

From investing.com

Bitcoin continued to linger around the key $10,000 psychological level, with the little market-moving data on offer to trigger a meaningful move in either direction. Bitcoin fell 0.60% to $10,200 and traded in a narrow range of $10,176 and $10,379. Sentiment on the popular crypto has come under pressure, with investors growing increasingly concerned that proposals for a bitcoin exchanged traded fund, which many argue is needed to ramp up institutional demand, may not win regulatory approval. In an interview with CNBC on Monday, SEC Chairman Jay Clayton conceded there is “work left to be done,” to approve proposals ... (full story)

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  • Category: Fundamental Analysis