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After studying 334 currency pegs since the year 1800, Deutsche Bank Research analysts found that only 14% have survived. Applying what they learned to the world of stablecoins, they say most of these pegged digital currencies are doomed to become unmoored. “Some may survive, although most will likely fail,” the analysts wrote on the study published Tuesday. ...
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Bitcoin price is down 1.85% over the last 24 hours and currently trades 17% below its all-time high of $73,835 reached on March 14. Despite this performance, the technical setup, whale activity and on-chain data show that Bitcoin traders believe a trend reversal toward news highs could be in the making. Bitcoin price retests key support areas Data from ...